MCCORD REALTOR

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PREPPING TO BUY YOUR FIRST HOME

One of the biggest milestones you will reach in your life will be deciding to become a homeowner. But before you take the leap, make sure you set yourself up for an easy transaction and a good home buying experience. Check out the tips below to ensure it!

Do your research and find a good agent.

  • Familiarizing yourself with the home buying process before beginning your house hunt and finding a knowledgeable, experienced agent to represent you can make all the difference in securing your dream house and paying the best price for it.

Pay off other debts.

  • Before you take on such a big, expensive purchase like buying a home, dedicate yourself to paying off your student loans, car loans, and credit card debt.

  • Not only will this allow you to live more comfortably while you’re in your new home but it will allow you to be a better candidate for a home loan.

Save for the down payment.

  • The majority of home buyers don’t pay in cash for their home, but the more you are able to put down, the better financial position you will be in.

Create a budget early on.

  • Stick to it, and start saving well before you start seriously looking for your home.

  • This will also help you determine the price range to search in.

Be patient.

  • If this is your first home purchase, the process can feel intimidating and overwhelming and you may feel like you’ll never find a home that meets your wish list and is in your price range. But don’t lose hope.

Stay patient and trust the process and your agent.