If buying a home is in your future, I have some helpful advice for you today. Here’s what you need to know before you start looking at homes.
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If you’re thinking about buying a home in 2020, I have some important information for you to think about before you start the process.
The first thing I would consider is your income and spending habits. What can you actually afford to pay for a home and what are you qualified for? Those two numbers are not always going to align. Lenders can qualify you for far more than you can afford comfortably, so I would advise planning and finding a number that you can really afford before you go see the lender in person.
The down payment is another thing to consider. You’ll have to save up, or maybe look at getting a grant from a family member. Perhaps a down payment assistance program is the right fit for you.
Choosing the right agent is of the utmost importance.
Have you checked your credit score lately? The higher your score is, the better your interest rate will be on your loan. Getting that best rate will end up saving you a lot of money over time.
It’s also a good idea to ask an agent to see what the paperwork looks like for buying a home so you know exactly what information you’ll need to have on hand. The paperwork varies by state and changes every year.
Speaking of agents, it’s so important to choose the right one. There are a lot of people who have a real estate license, but there are very few people who have the decades of experience that are necessary to help you succeed. We have a great mix of agents who are newer to the business and agents who have been in business for 30-plus years like me.
If you have any questions for me or need our experience to help you get the homebuying process started, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.
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