First home buying can be stressful but not if you have a great Realtor on your side. Here are several tips to ensure a smooth home buying process!
- Decide on a budget: Figure out what you can truly afford every month. If possible, pay off student loans and car loans before obtaining a mortgage. Settling on a realistic budget will pay off in the long run and help you avoid getting into a mortgage that you cannot actually afford.
- Shop around for a loan: Speak with at least three lenders before making a decision. Get offers or “Good Faith Estimates” which will help you decide on the best option for you.
- Go with a professional: Hire an experienced Realtor in your area to assist with the home buying process and to bring expertise.
- Discuss expectations: Speak about your expectations with your Realtor in the beginning of the process. Let them know what features are absolutely non-negotiable and what you need in a home. This will get everyone on the same page and will make the process go smoother.
- Explore your options: If you aren’t totally set on a specific area to settle down in, ask family and friends about their hometowns. Spend some time in them and learn all you can about the area. It is said often but it is true-location, location, location! You can always change elements of a home but you cannot change the location. First home buying is a great time to look around and shop for an area.
- Use a home inspector: Once you find your dream home, it’s essential to use a home inspector to go through the home in order to spot any potential issues. This will give you peace of mind that you are not purchasing a home with any major issues.
- Be patient: Finding the perfect home for you can take time. Have faith in the process and know that the home for you is out there and you will find it.
