The prospect of buying a new home can be so exciting that you forget about all the little things you need to do before you can find your perfect home. We can be impatient to find the house of our dreams that we can be unprepared for the actual buying process. According to the National Association of Realtors, millennials’ said, other than finding the right property, understanding the home buying process and steps was the most difficult part in finding a home. At the Talons Group, our dedicated real estate agents will help you with preparing, finding, and picking a new home for your family. Before we help you find your new home though, here is a checklist to complete before you fall in love with a home.
Check Your Credit Score
Before finding your dream home, you should check your credit score status. Your credit score will affect a lot of different areas of the home buying process. This is the number that will affect your mortgage rate. The higher your credit score is, the better your interest rate will be on your home mortgage, which is your goal. Fix any credit errors you may have on your report- these are more common than you think. Do not make any big changes or purchases that will affect your credit score before buying your home. This means things like switching jobs, buying a new car, or even buying new furniture. Any of these things could affect your credit score and make it harder for you to purchase your dream home.
Plan Your Budget
Before looking at properties you need to decide on a clear budget for your new home, whether that is a budget for a new home with no renovations or for a fixer upper that will need a lot of construction. You will probably be paying on this home for a large portion of your life, so you want to make sure you keep your budget reasonable for your lifestyle. Once you figure out your budget start saving for the down payment on your new home.
Find a Real Estate Agent
A real estate agent will not only be able to help you through every step of the buying process, but also actually find the perfect house for you. Real estate agents make the process easier for you and have additional resources and experience that can greatly help you find what you are looking for. If you are ready to buy your dream home and looking for a real estate agent with knowledge of the Auburn area, contact the Talons Group for a free consultation today.
Make a Wish List
This could be a very long list, but make a list of all the things you are looking for in a home. This will help you and your real estate agent understand what you are looking for. Start with essential things, like how many bedrooms and bathrooms you need, to less immediate things, like the property having a pool. Just because you make a wish list does not not mean your real estate agent will be able to find a property with everything you want, but it will be a baseline for what kind of house your family wants. Remember you can always make changes and add things to your house later, as long as it is a good foundation and in a good location, you can do anything with a home to make it your own.
Check Out the Neighborhood
If you have found a home or a neighborhood you are interested in, research it. Check if they have a homeowners association and if they have any restrictions that will affect you. If you have children or are planning on starting a family in your new home, then check out the school district and if there is any school zoning. The area your home is in is a major deal to the value of your home. Find a place that is close to your work, school, and maybe nightlife.
For first time home buyers, the process of finding the perfect home can be extremely overwhelming. It can be exciting to start looking for homes, but there are a lot of things to be done before you actually find the home you want to buy. With this checklist, you should be prepared to find the new home of your dreams. According to the National Association of Realtors, 87% of home owners purchased their home through a real estate agent or broker, which has risen greatly from 69% in 2001. With the rise in home buying, a real estate agent is the easiest way to get efficient and knowledgeable information about buying a home from a professional. If you are interested in buying a home and want to know the first steps to take, contact our office at 334-758-6220 to speak to one of our talented real estate agents and get started today.