If you’ve never purchased a home before, the process can seem overwhelming. What, exactly, do you need to do before you buy a home
? What steps do you need to take? And where do you start?
A recent article from realtor.com outlined some of the most important initial steps first-time homeowners need to take as they navigate the home buying process
Saving for a down payment.
Most lenders require you to cover a percentage of the home’s cost in cash—known as a down payment. While a 20 percent down payment can be beneficial, it’s not typically necessary
. Many lenders are willing to work with buyers with a lower down payment—so just save up as much as you can prior to starting your home search.
Getting pre-approved for a mortgage.
Before you start looking for a home
, you need to know how much home you can afford—and that means getting pre-approved for your mortgage. Once you’re pre-approved, you know exactly how much you have to spend—which will save you time, energy, and frustration during your home search
. (No one wants to fall in love with a home, only to find out they aren’t approved for a large enough mortgage to purchase it.)
Finding the right real estate agent.
A great real estate agent
will walk you through the entire home buying process, whether that’s finding you the right home, negotiating a great deal, or answering questions along the way. So, before you get too far into your home search, make sure to find a trusted, reputable agent to partner with.
If you’ve never purchased a home before, it can be hard to know where to begin—but these steps are a great place to start!
View properties available in the area today. Start your search for your dream home or real estate property now. Or, use my Find Your New Home form and I'll conduct a personalized search for you.
realtor Hudson WI | realtor North Hudson WI | realtor Prescott WI | realtor River Falls WI | realtor Baldwin WI | realtor New Richmond WI | realtor Hammond WI | realtor Roberts WI | realtor Spring Valley WI | realtor Houlton WI | realtor Troyburne | realtor Ellsworth WI | realtor Somerset WI | realtor Woodville WI | realtor Osceola WI | realtor St Croix County WI | realtor Pierce County WI