You’re ready to buy a home. Congratulations! Now the fun begins. Where to begin? It can be an intimidating process to start. To help you, we’ve got a few steps to help you get started on your home purchase!

Determine Your Budget

The first part, and probably most obvious, is to determine what price range works best for you. Things to consider along with the mortgage payment is insurance, taxes, home repairs, furniture needs – you get the picture. There’s more to consider than just the mortgage and down payment. Preparing for all the expenses is an important step in ensuring your home purchase is as easy as possible. Starting a spreadsheet to keep track is a great way to ensure you have all of the important expenses accounted for.

Get Pre-Approval

Whether you’ve decided to work with an agent or starting your journey solo, it’s always a good idea to get pre-approved for financing. Doing this can help with negotiations and increase the value of your offer. If a seller knows that financing won’t be an issue after going under contract, it makes your offer more attractive. It also helps you look for homes you know you will be able to finance!

Research Real Estate Agencies

Obviously, we know it’s entirely possible to search for and visit homes on your own without the help of an agent. The internet has opened a whole new world in the search for a home. Unfortunately, those resources don’t provide the contract knowledge and negotiation experience. When you’re ready to make an offer on your dream home, having an experienced agent on your side to help you with the contract, inspections, and negotiations. A good agency will have the resources to ensure you work with the best. If you decide to work with an agent, make sure you find the right one for you! A great agent can lead to a lifetime relationship where you always have someone on your side when buying or selling your home.

Take a Deep Breath

Buying a home can be an exciting, and stressful experience. Our advice? Make sure to take a deep breath and know that even if the first home you make an offer on doesn’t work out, it’s all okay! This is a big purchase and depends on quite a few things going right. Never be afraid to ask questions and make sure to voice any concerns.

How can a real estate agent help? 

Education is our mission. There are many ways a REALTOR® can protect, advise, and guide you through a home purchase. We understand with modern day tools, paying an agent seems like a waste of money. But a real estate professional does so much more than help you find your home. To learn more, read our article “Why do I need a Real Estate Agent?”

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