While you may not be ready for your first home purchase, it doesn’t mean that you shouldn’t start planning now. Here things you can do while renting to help you be in a better place when you’re ready for buying.
Although you cannot predict every cost of homeownership, you can make a rough estimate about how much it will impact your budget. A REALTOR(r), can help you determine how much you can afford, what your mortgage payment would be, local property taxes and any repair costs that you may want to consider as a homeowner.
Request a free credit report before you apply for a loan. You can correct any errors in your credit report before they impact your eligibility for a mortgage loan. You might also be able take steps to improve credit before you purchase a property.
Although there is no home that offers every amenity you need, you can get a good idea of what you are looking for. A home with less than two bathrooms might not be an option, but you may find the value in a home with a smaller kitchen and a less appealing exterior.
When your ready to buy a home give us a call, we can answer your questions about the home buying process and help you avoid surprises along he way.
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