Is one of your New Years Resolutions to buy your first home? It can be a daunting task but one with the right knowledge and game plan can easily be navigated and achieved. Yes, you could be in your very first home by Spring!!What to do first? Check your credit score, there are a couple of great free tools to help with this, CreditKarma is one. Is your score in need of help or are you ready to proceed to the next step? Contact a local lender, set up an appointment, share your credit score and bring your pay stubs and all other financial information, self employed?, bring your tax returns. Go through the pre-approval process, it is easy, and it is free.
If you are able to get pre-approved, then it’s time for more homework. Find a Realtor, interview more than one. Answer a couple questions yourself. Is this the home I will be in for ten years or two years? What about school districts, property taxes, number of bedrooms etc..amenities such as water access or golf communities, what is most important to you?
If your credit score needs work in order to get approved, the lender can suggest how you can move the credit score in the right direction. Take advantage of the free advice and tools that will help you achieve your goal!!
As daunting as it may seem, you have started the process and are ready to move forward, you are one step closer to keeping your resolution. Now hire the right Realtor for you and start looking for homes!!!The fun part!!!