Preparing to Buy a Home
  
The American dream of owning a home is still very much alive.  The promising look of today’s real estate market is enticing more and more people to become first-time home buyers.  The record low interest rates are enabling people to invest in a home rather than rent.  First time home buyers are a huge part of the housing market.  They help maintain a cycle of new construction and upgrades for homebuyers from starter homes.   However, preparing to buy your first home requires quite a bit of planning and coordinating. 
  
Credit Score
 
Before you begin the home buying process, you need to find out what your credit score is.  You can find out your credit score by setting up a free account with Credit Karma .  You can also find tips to help raise your score .
 
 
 
Talk to mortgage brokers
 
Many first-time home buyers don’t take the time to get pre-approved. This is so important because you need to understand how much you can comfortably afford before you begin shopping for a home.  They also often don’t take the time to shop around to find the best mortgage for their particular situation. It’s totally normal to ask lots of questions to make sure you understand the home loan process completely.
 
 
 
Factor maintenance and repair costs into your buying budget
 
This topic goes along with figuring out how much you can afford.  You don’t want to stretch yourself out to thin.  There will be unanticipated costs.  Even brand-new homes will require some work. You don’t want to leave yourself short and let your new home deteriorate.
Find a trusted partner

It’s absolutely vital that you find a real estate professional who understands your goals and who is ready and able to guide you through the home buying process.  It’s important to find an agent who you are comfortable with, after all, you will be spending quite a bit of time together!  The first thing your agent should do is sit down with you and have a buyer’s consultation.  This way, all parties involved understand how everything will work.
 


Create your home/neighborhood wish list

Prioritize these items from most important to least. Make a list of three or four neighborhoods you’d like to live in.  Take into account nearby schools, recreational facilities, area expansion plans, safety, and commute to work, closeness to friends/family, etc.  Your real estate agent should be assisting with these things as well.  He/she may think of items that have not occurred to you.
Pre-Approval
Buyer Intro