The time has finally come. After mulling it over on your own, talking it over with your family, and considering all the various options, you've arrived at your final decision: You're finally ready to start looking for a new home.
But for first-time home buyers, the path to home ownership isn't always as free of twists and turns as you might prefer. As you get ready to forge ahead into new territory, here are a few important things to keep in mind.
- Define your parameters. Your search for a home will go faster the more you know about what kind of home you want and where in town you want to live. The Internet has made home-searching immensely easier for first-time home buyers; now you can do research on the best neighborhoods in town and find the best deals in only a matter of seconds.
- Know what you can afford. For first-time home buyers, the temptation to bite off more than you can chew is ever-present. If you're looking at spending more than 28 percent of your income on housing costs, then it's time to think smaller.
- Know your perfect home when you see it. If you stumble on the house that's right for you on your second day of looking, then don't hold off for the sake of a longer search. But don't make an impulse buy, either, as many first-time home buyers do. If you've narrowed it down to two or three, then do a second visit to each before deciding.
If you want a professional guide to the ins and outs of home-buying, then give Nelson Sousa a call. From home refinances to second mortgages, we know it all, and we'll guide you safely through it all. We believe in putting our customers first, and we'll keep first-time home buyers from being bowled over by the convoluted world of the mortgage industry.