Buying a home is a big step that many people look forward to. There’s nothing like finding a home to call your own and build memories with family and friends there. Before you start the home buying process, there are a few things you will want to do to prepare yourself for that process. Here are a few things you should do before you begin your journey to finding your new home.
Start Saving Your Money
Saving money is a big step towards being able to afford a home. Though you don’t need to pay for your home outright, you’ll have to consider expenses such as a down-payment and closing costs. You’ll also need to fill your home with furniture or decor, which can add up in cost. Lastly, you’ll want to set aside money for an emergency fund. Unlike renting, you will be responsible to pay the costs to fix anything the breaks in your home. Once you build up a nice fund to cover those expenses, you’ll be one step closer to homeownership!
Get Pre-Qualified & Pre-Approved
Knowing how much home you can afford will determine which homes you can consider looking at. You will have a better idea of what you can afford by getting pre-qualified. During the pre-qualification process, a lender will look at certain things such as your debt, income and assets so that they can give you an estimate of what you can afford. Getting pre-approved is the next step in the process in which a lender will do more of a deep dive into your financial background. Getting pre-approved will allow you to know the exact loan amount you can expect to receive, giving you a more definitive answer on what price range you should be looking at for your future home.
Find a Real Estate Agent
The home buying process is exciting! However, it can be stressful at times given all the paperwork and intricate details you need to handle while buying a home. Luckily, you can hire a real estate agent to help take care of that! First Weber real estate agents are knowledgeable and experienced when it comes to the home buying process. They will be there with you every step of the way and answer any questions you may have about taking the big jump into homeownership. Do yourself a favor and start your search for a First Weber real estate agent by visiting our website to find an agent near you.
First Weber sells real estate throughout Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Central Wisconsin, Northeast Wisconsin, Western WI, parts of MN, Michigan’s UP and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com