Buying a home is one of the biggest decisions you will ever make, financially and emotionally. Here are some tips to help you with the process:
1.You may need to make a couple sacrifices in order to prepare for the purchase of your new home. According to the National Association of REALTORS, nearly a third of all buyers cut spending on luxury and non-essential items before purchasing a home.
2. Get Pre-Approved with a Lender. This will save you time and energy because you will be looking at homes you know you can afford.
3. Bigger is not always better. Try to avoid buying the biggest house in the neighborhood. If you have the biggest home, your appreciation will be limited and the re-sale value you wanted may not be as good as you had hoped.
4. Always get a home inspection. Hire a licensed home inspector to point out potential problems that could occur.
5. You don’t have to put down 20%. Many think that you must have 20% down to buy a home. Some loans only require you to put 3% down and in some cases, 0% down.
Send me an email and I can tell you how to get into a home with 0% down or help you with any other real estate needs at sarah@mcnaughtonrealtors.com.