4 Helpful Tips To Prepare You For A Smooth Home Buying Experience
1. What Do My Finances Look Like?
Let’s be honest, we all get anxiety opening up our bank account knowing very well we should have skipped the Chai Tea Lattes 5 times this week. Although it can be uncomfortable, facing the reality of what our finances look like is the best first step to getting home buying ready. Start by tracking your monthly expenses and noting where you spend your hard-earned green. Ask yourself where you can make changes to save a bit more and spend less. A coffee a day at your favorite spot can be upwards of five dollars, added over the course of the month, you will save for those upcoming utility bills!
2. Get Connected With A Trusted Lender To Learn About Available Loan Programs!
Even if you don’t plan on buying a home for 6 months to a year from now, sitting down and talking to a lender can get you set up on the right path to homeownership. Some buyers choose to go with their trusted bank or credit union while others seek out the help of a mortgage broker to find them the best deals. Speaking to a loan professional will jumpstart your knowledge of the programs available out there and, more importantly, will give you an outline of what you can afford to buy. Finding the right loan program is like shopping for shoes. You have to find the perfect fit for you!
3. Where Should I Live?
Oh, the possibilities! Choosing a place to set roots down takes some thought and research. Try making a list of neighborhoods or areas you might be interested in and check them out if you are able. What is happening there in the daytime? What about at night? Do the properties look well cared for? Are there trails you can take your furry four-legged companions for walks? What sort of amenities are there nearby? Give yourself options so that you can understand the differences and values from one neighborhood to the next. The more you know, the better.
4. Pick A Real Estate Professional, They Are Awesome!
After getting on the yellow brick road to homeownership and knowing what you can afford and where you might want to live, its time to choose your real estate professional! On top of showing you properties for sale, a real estate professional is an asset to you throughout the entire real estate transaction. They will guide you through the offer process, the acceptance of your offer, the road through the transaction, and, will be a resource to you after you move into your new home! Choose someone you like working with, someone you can be transparent with and trust to help you navigate through perhaps the biggest decision of your life!