Are you about to embark on one of the biggest and most exciting purchases of your life? It is perfectly natural to have feelings of stress and anxiety in this type of situation, but there are plenty of things you can do to ease this journey.
Learn the terms
Once you become comfortable with real estate lingo such as “Principal” and “appraisal,” you’ll be more confident. Don’t hesitate to ask if you don’t understand something or it becomes too complicated – we are here to help.
Casual browsing can help you get a better understanding of what makes up your perfect home. As you browse, take notes on the homes’ styles and layouts, acreage and square footage, neighborhoods and school districts, and commuting distances to work, school, and shopping.
Look into your finances
Start with obtaining a free credit report so you can get an idea of what you can actually afford. Depending on how serious you are, you can get a pre-qualification, which will help you understand how big of a loan the bank is willing to give you. The biggest financial step you should have been doing all along now is saving up for your initial down payment.
Determine the proper timing
You may want to move into your new home now but take into account any future plans. Ask yourself, are you likely to be changing jobs? Buying large items on credit? Is your company planning on relocating you within the next couple years? These are all big questions you should seriously consider.
Protect your investment
With such a large purchase, you’ll want to protect it. Looking into homeowners insurance and warranties. Having these may put your mind to rest about the “what-ifs.”
Partner with a reliable real estate professional
Having a reliable real estate professional with years of experience will make all the difference. Someone who will help you through all the obstacles that are thrown at you will greatly relieve your stress and anxiety. Our team has over 60 years of combined experience and are dedicated to accomplishing all your real estate and life goals!