Do’s and Don’ts for Buying Your First Home

Your first-time home-buying experience can be a smoother process and less stressful if you heed these dos and don’ts. A home purchase is likely going to be your biggest lifetime investment, so getting and keeping your finances in order is crucial.

Check your credit score, be timely with all credit payments and keep your debt as low as possible. Preapproval for a home loan will evaluate your credit score and your ability to pay for a loan. The preapproval letter that you receive from a lender will define the price point of your home search and enable you to more successfully negotiate a new home purchase.

Find a real estate agent who understands your needs and can guide you through the home-buying process. Your agent will help you select a well-located home that not only fits your needs but also will give you good resale value.

Stay level-headed, and don’t let your buying decisions be influenced by emotion. Let practicality and financial comfort be your best guidance. Don’t criticize the small details of a home that can be easily remedied.

When figuring out your budget, don’t forget to factor in what your estimated closing costs will be in addition to your down payment. Be sure to keep your credit in check, and don’t make any large purchases prior to closing a deal.

Call or email me, and I can help you avoid any pitfalls that could get in the way of your first home purchase.