Blog

Prepare yourself to buy a new home by following these simple steps.

Buying a home may seem simple if you know exactly what you want, but the process itself is easier said than done. It’s not always straightforward, from securing the mortgage to finding the right house in the best location. Fortunately, you don’t have to go at it alone. Instead of tackling it on your own, find out how to streamline the process and follow these steps to help you buy a home.

Start Shopping for a Loan
Homeownership is a lot more expensive than renting, so you’ll need to ensure that you have the right plans in place. Take the time to get out of debt, improve your debt-to-income ratio, and set up an emergency fund for repairs, fees, and more. Look into loans that suit your needs and budget so that you are property prepared for upcoming payments.

Know What You Can Afford
It’s easy to go online and start looking at houses in your chosen area, even before you’ve secured a home loan. However, this can only end in heartbreak. As you don’t know how much house you can afford, you may end up falling for one that is twice your budget amount. A smaller house is worth the peace of mind that you can afford the payments as well as life itself. Be sure not to look at homes until you know your budget!

Find a Good Realtor
Once you’ve determined what you can spend and are pre-approved, you should find a good realtor. He or she will listen to your wants and needs carefully, and make any recommendations to help you find a home that ticks all of your boxes. Ask friends, family, and colleagues for recommendations on a local real estate agent.

Request a Home Inspection
Another important step is a thorough home inspection, which is different from an appraisal. This inspection will highlight any hidden problems with the home so that you can learn about any issues before landing yourself in the property. This may include mold problems, termites, foundation concerns, or a bad roof. The inspection can save you thousands later on down the line, so it’s worth the expense to pay for it now.

The process of buying a new home is an exciting one. Consider your options before you decide to jump in. If you’re looking to sell or purchase a home in the San Diego area, contact the Jenn Blake Real Estate Group at 858.663.6788!