Buying your first home is a monumental step towards adulthood. After years of saving, you finally find yourself in a position to get the home you would grow old in, and although exciting, it can also make you nervous.
The pressure of finding the right home that fits your budget and needs is no easy feat. However, making sure you have your priorities in order helps you make smart compromises. Here are some things you should be looking for in your future home.
Separate Needs and Wants
We all have hopes and dreams when it comes to the kind of home we need. However, the ground reality might force you to take a hard look at your ideal home and cut down on expectations that aren’t fitting your budget.
Sit down with a piece of paper and jot down what you expect from your first home. Then, separate the list into wants and absolute necessities. This way, you know which of your demands are non-negotiable and which ones you can easily let go of. Do keep your wants in mind, though, but approach them like an extra treat you would like in your home rather than a total deal-breaker!
Get A Pre-Approval
You can’t really close in on your budget until you know how much you would be getting from your bank. So, pre-approval should be a top priority!
Getting a pre-approval can take time, since lenders would like to know you better before giving you any definitive answer, so getting it done sooner than later is a smart move. With a pre-approval granted, you get a clearer idea of how much money you can borrow from your lender. With a definitive spending range in mind, you can move forward with house hunting with a set budget.
Find A Real Estate Agent
As a first-time home buyer, you’re going to hear so much jargon that would go over your head. It’s a daunting experience, and you need a professional by your side that can speak on your behalf.
A real estate agent can help you better understand down payments and closing costs when you find the home you want. They can also help you find homes that fit your budget and needs, and since they have connections, they could even throw in some of your wants! It’s a win-win situation.
Looking for a real estate agent in Naples? Look no further! We at Southwest Florida R.E. Group can get you connected with local real estate agents that help you every step of the way. Contact us today for more information!
