Have you decided to buy your first home? It’s normal to feel excited and anxious at the same time. You’ve just made a significant financial and life-changing choice! So, what can you do to keep calm and carry on as you embark on the largest purchase you may ever make? Here’s a handy list of five important steps for first-time homebuyers.
- Get pre-qualified first. The pre-qualification process not only helps you know what your budget is, but it also can help ease your mind. And once you’ve found the right home, you’re ready to make an offer. Most home sellers will not accept offers from buyers who don’t have their financing lined up.
- Use a trusted real estate professional. Once you have your financing in place, it’s time to find a real estate agent who can help guide you and help you navigate the buying process. Don’t go it alone. Take your time and look around for the right real estate professional to help you. Ask for recommendations from friends and family.
- Get organized. One of the more stressful parts of the buying process is documentation. Create a folder with everything you need in one place. That way, it’s easy to access.
- Take things at your own pace. Once you begin searching for a home, it can be tempting to rush into things. Don’t worry so much about scoring a deal or beating the competition. Buying a home is a big commitment, and it should feel right. Don’t be afraid to slow down or back off for a bit.
- Look for value. Things like a solid foundation, a newer roof, and a properly functioning furnace are so much more important than what colors the walls are painted or the type of appliances that are in the kitchen. Don’t be wowed by professional home staging, high-end furniture or incredible home decor. Look instead for a home that won’t become a money pit in the coming years.
- Remember your goal. At some point in your home buying journey, you may lose hope that you’ll find the right property. That’s okay. It’s part of the process. But remember why you are starting on this journey. First, write down a list of reasons homeownership is important to you. Then, focus on the feeling you want to have when this process is over. If you keep that goal in mind, it will make things a lot easier.
