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Guide to Buying Your First Home

So, you’re planning to buy a home. That’s great! Buying your first home signifies an exciting new beginning. We know how excited you are to take on the next chapter of your adult life. But before you start looking at houses, there are some things you need to know to make the buying process easier.

Here are some smart moves to make as you begin to enter the housing market.

Make a list of your non-negotiables

It’s easy to get caught up with certain features such hardwood flooring, granite countertops and stainless steel kitchen appliances. If you are planning to buy a house, then you need to sit down with your partner and discuss what features you are looking for in a home. Bring your wish list with you when you look at houses, so as to serve as a reminder of the thing you really need.

Know how much you can afford

Before you begin to house shop, you first need to know how much you can afford. There are a lot of beautiful homes on the market. If you liked a particular property and then realize later on that it’s out of your budget, then you’re just setting yourself up for disappointment. As such, you need to start off by getting a pre-approval.

A pre-approval is crucial to your home search. This will help you focus on homes that are within your budget and will help you acquire the home of your dreams. Sellers consider buyers with pre-approval as serious buyers. They are more likely to accept your offer than those who don’t have one.

Hire a real estate agent

Buying your first home isn’t easy. With a huge amount of money at stake, plus the fact that real estate transactions can be quite complicated, a lot of buyers feel stressed and anxious. But with the help of a real estate agent, the buying process can be less bumpy and less stressful.

A real estate agent will help you find a house that matches your needs and fits your budget. They can also negotiate on your behalf and will guide throughout the entire process.

Think long-term

This house may not be your forever home, but you need to think long-term when buying a house. If you are planning to have kids, then it might be best to invest in a bigger home. Plus, look for a property that is located in a good school district. You also need to consider the crime rate for the safety and security of your family.

If you buy a house in a bad school district or along a very busy street, you might have a hard time selling your home in the future. Of course, you want to recoup your investment when it comes the time that you need to sell the house. Think long-term and think re-sale.