Buying a home can be a thrilling- and sometimes even nerveracking expereince. The truth is that housing markets change over time—and the rules vary widely. Here are some helpful home buying tips to help make buying a house easier!
Determine what you can afford and how you are going to afford it. Meet with a lender to determine how much house you can afford. A good rule of thumb is to keep your total housing payment under 30% of your gross monthly income. For a quick idea, use Smartassest's online calcultor to determine how much house you can afford.
- Check your Credit: Getting a mortgage requires having a good credit score. Constantly monitor your credit for any errors and work on ways to improve your credit score.
- Have documents in order: Some important documents include- W-2's, banks statements, and copies of your last two tax returns.
Hire the Right Buyer's Agent
You’ll be working closely with your real estate agent, so it’s important that you find someone you are compatable with. A good buyer’s agent is highly skilled, motivated, and knowledgeable about the area. Look for a real estate agent that advises honestly and cares about the best interest of his/her clients.
Determine Wants and Needs
Have an idea of what you are looking for in a home and where you want to live. Know what is important to you. Take the time to research nearby schools, look at local safety and crime statistics, or even drive through the neighboorhood on different days and at various times to observe noise and activity levels. Whether it is the layout of the house or your comute to work, remember there are many factors to consider when buying a home.
Fall in Love with Your Home
Can you picture yourself being apart of that community?
You cant wait to go inside the house.
You can invinsion the furniture in your new home.
You can't wait to tell your friends about this house.
The house feels warm and comforting