You are about to purchase your first home. This is an extremely big deal and we are so excited for you! You are about to embark upon a new journey filled with ups and downs (hopefully, mostly ups). But what if you do not know exactly where to start? No need to fret, we want to share our first-time home buyer guide with you. We hope you gain insight and knowledge on the home buying world, and that your experience is much more simpler than you expected.
Credit Score. It is important for home buyers to know their credit score because it can affect their interest rate on loans. A higher credit score means a lower interest rate and vice versa.
Pro-tip: Try not to buy a car or other expensive items while you are closing on your home. These large purchases can affect your score and your credit will be reran before closing on your home.
Budget. Write down how much you plan to spend in a month on gas, food, household items, etc. Make sure to leave money for your savings and unexpected expenses. Owning a home will guarantee an array of unforeseen circumstances that are out of your hands. It will be great to have money put away to help you get out of trouble.
Mortgage Lenders. Research, research, research. Look online and gain a knowledge of the different mortgage lenders before you choose.
Real Estate Agent. It is always great to take a recommendation for a real estate agent. Ask your family or friends for a referral because you want the best when you are looking for a home. It will be nice to use someone that is trusted by your family or friend; therefore, you can have comfort in the agent’s recommendations for you.
Homes Online. The internet has a wide selection of homes for sale for buyers to browse. Get an idea of what style of home you prefer, the neighborhood, how many bathrooms and bedrooms you want, etc.
Your Future. Think about long-term goals for you and your family. The school district can be important for resell value as well as your children’s future. Take into consideration your commute to town, work and your family/friend’s houses. Think about everything because you want to make this home last for a really long time.
We hope you enjoyed these tips! Once you are settled into your new home, we would love to help you with any of your flooring needs. Store our number in your phone for the future: Dolphin Carpet & Tile (305) 233-3233 . We cannot wait to help you! Happy House Hunting!