HOW TO Prepare To Buy A Home

Dated: 08/06/2018

Views: 47

Image title


Talk to mortgage brokers.
Many first-time home buyers don’t take the time to get prequalified. They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s important to ask plenty of questions and make sure you understand the home loan process completely.

Be ready to move.
This is especially true in markets with a low inventory of homes for sale. It’s very common for home buyers to miss out on the first home they wish to purchase because they don’t act quickly enough. By the time they’ve made their decision, they may find that someone else has already purchased the house.

Find a trusted partner.
It’s absolutely vital that you find a real estate professional who understands your goals and who is ready and able to guide you through the home buying process.

Make a good offer.
Remember that your offer is very unlikely to be the only one on the table. Do what you can to ensure it’s appealing to a seller.

Factor maintenance and repair costs into your buying budget.
Even brand-new homes will require some work. Don’t leave yourself short and let your home deteriorate.

Think ahead.
It’s easy to get wrapped up in your present needs, but you should also think about reselling the home before you buy. The average first-time buyer expects to stay in a home for around 10 years, according to the National Association of REALTORS®’ 2013 Profile of Home Buyers and Sellers.

Develop your home/neighborhood wish list.
Prioritize these items from most important to least.

Select where you want to live. Compile a list of three or four neighborhoods you’d like to live in, taking into account nearby schools, recreational facilities, area expansion plans, and safety.

Blog author image

Heather Stanfield

Heather Stanfield, Licensed Real Estate Broker in Oregon & Washington State....

Want to Advertise on this Site?

Latest Blog Posts

Nov 12 2018 56289 1

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and

Read More

How To Hang Kitchen Cabinets

How to Hang Kitchen Cabinets The right way to put up cabinets with tight joints, flush frames, and perfectly aligned doors By Tim Snyder of This Old House

Read More

The 8 Most Financially Savvy Home Improvements

The 7 Most Financially Savvy Home Upgrades You Can Make Enjoy your home more today — and sell it for the best price tomorrow. Here are seven affordable  home improvement projects that’ll

Read More

Oct 23 2018 56217 1

6 Things New Homeowners Waste Money OnOK, we've said it time and again, but it bears repeating: Buying a home is a very big expense—and once you've kicked off all that spending, it's

Read More