Ready to buy your first home? Or perhaps you’re ready to buy your next home? When you are investing so much money, along with the stress of a house move, you want it to be right. You want it to be perfect. Which is where our tips come in.
get your finances together
The first thing that you need to focus on is your finances. In order for you to have the best possible terms, you’ll want to handle your pre-approval on the front end.
Start looking at your current assets and if needed identify ways to save for your downpayment and/or closing costs. There are likely savings you can make on your normal monthly expenses to ensure that you have the funds needed to purchase your home.
Then consider paying off as much outstanding debt as you possibly can. Even if you have great credit, your debt to income ratio may impact your ability to get the mortgage amount you’re seeking.
define what you want
We all have a very different picture of the house of dreams, this one is the house of your dreams. In order to find it and buy it, you will first need to define it.
Where would your dream house be located? Do you have a certain area in mind or more of an ideal place? Perhaps you just need somewhere with good schools or wide-open spaces or near water. Try to narrow down what is important to you location-wise first as this will help to form your search area.
Next, you will want to list your requirements. You might want a certain number of rooms, a huge garden, a large open kitchen, or low maintenance. Along with these characteristics, think about the type of home you want to live in. Some people love brand new and modern while others favor older charming homes.
Your priority here is to become best friends with your realtor. She’ll need to know exactly what you’re looking for and you should be in contact with them regularly. You want to always be top of mind for them. You want to be the very first person that they think of when they spot a home that is right for you. Even though their are many online resources to search for and find homes online, good agent is still your best asset.