Not Budgeting Correctly – Purchasing a home requires having a decent amount of money saved. While owning a home is cheaper in the long run that continuing to rent, there are many start-up costs. The larger of a down payment you have prepared, the more ready you are to buy a home. The best tip here is to create a budget, stick to it and save as much as you can over time.
Check Your Credit – A large part of how much your insert rate will be is based on your credit. If you have debt and a low credit score, this can hurt when purchasing a home. Be sure to check your credit before starting the process, and if it isn’t where you need it, then wait to purchase a home. You can build up your credit and save money at the same time.
Not Getting Pre-Approved – It’s easy to get excited about purchasing a home and skip the important steps. The first thing recommended is to get pre-approved and see how much of a loan you are qualified for. Once you are pre-approved, you will have a better understanding of what homes you can afford and begin your search.
Finding The Wrong Agent – It’s important to do your research and find the realtor that knows all of your wants and needs. You want a realtor who is going to be on your team and get you the best deal possible. At Dargan Real Estate, we have realtors ready to help you with everything you need.
Skipping The Home Inspection – This might be the most important of all. Even if the home appears to be in the best shape, don’t skip the home inspection. There could be things missed such as outlets not working, foundation issues or plumbing. Always get yourself setup with a home inspection before moving into the new home.
Being a first-time homebuyer can be scary. If you follow these simple steps, it can help in the long run.