Essential Things Every First-Time Homebuyer Should Know
Are you looking to buy your first home? Here are some essential things that you should know!
Get Your Finances in Order
- Get preapproved for a mortgage
- Make your own home buying budget
- Maintain your credit
- Save for a down payment and closing costs
- Budget for repairs
- Speak with a lender and understand your different loan options
Find a Real Estate Agent
- Reach out to multiple offices to find the right fit for your needs
- Agents will be there to help you every step of the home buying process
Make Your Home Buying Wish List
- Include your must haves, nice to haves, and nonnegotiables
- Don't fall in love with a house - determine what home would be the best for your needs now and in the future
Don't Make Big Changes
- Finance big ticket items
- Switch jobs
- Close credit cards
"A qualified buyer’s representative can guide you through all the steps to purchase your first home, including assistance programs in your area. They’ll help you ask all the right questions, consider all your options, and point out the pros and cons of any house you are considering." (NAR.com)
Contact us for more useful tips if you are thinking of buying! For the best selling, buying, or renting experience, call "The Best Team in Town" at 603-526-4116!
Sources:
https://homebuying.realtor/content/5-essential-things-every-first-time-homebuyer-should-do
https://www.rocketmortgage.com/learn/first-time-home-buyer-tips
https://realestate.usnews.com/real-estate/articles/fast-tips-for-first-time-home-buyers