Buying a Home v.s Renting
How to prepare now to buy later
1. Know your neighborhoods. Use the website to learn more about schools, restaurants, public transportation, and walkability in neighborhoods where you’re searching.
2. Get your finances in order. If your credit is not great, work at paying down your debt. If you’d like to meet with a financial advisor to talk over your situation, I can recommend one to you!
3. Stay organized. Make sure you have all the documentation you will need for the loan process. Use the “Saved Homes” feature to keep all the homes you like in one spot.
I hope those tips help you. Let me know if there are any questions I can answer for you, or if you’re ready to go see a home or two!
Forget what you think about down payments...
How much money have you been assuming you’ll need to put down to buy a home?
20% of the home’s cost? 15%? 10%?
Turns out, for first time buyers, the typical down payment isn’t quite so big. Over the past few years, the National Association of Realtors has found that the median down payment is just 6 percent and there are mortgage options available that only require a 3.5% down payment.
Your down payment doesn’t have to be daunting. Let’s chat about your options when you’re free!