3 Most Asked Questions From First Time Homebuyers

Buying a home for the first time can seem scary, but it doesn’t need to! It is a big step in many people’s lives, and it is supposed to be fun, and exciting. Now there are a million questions that you may ask as a first time homebuyer, but today I will answer three of the most asked questions I get from buyers. The questions are, “When is the right time to buy?”, “Where do I start?”, and “How much can I afford?”.

Let’s start with the first question, “When is the right time to buy?”. Everyone you ask will have a different answer to this question, but the truth is, it completely depends on you and your future goals! If you have been saving up, and planning on buying a house, then just go for it if you are ready. Don’t fall for the trick of trying to “time the market”. There are pros and cons no matter what the market is like. You are much better off just buying when you have the need!

Next question, “Where do I start?”. Home buying is a big deal, and you may have no idea where to start. My advice is to find your realtor! Talk to other people who recently bought homes, and get recommendations for realtors in your area. Then talk to a few of the realtors, and find the best match for you. They will help you find the right place to start, and help you come up with a realistic timeline.

Last question, “How much can I afford?”. Once you have found the realtor you want to work with, ask them to refer you to a trusted loan officer who can help you! They will go over your credit and finances, and help you find the loan that works the best for you in your current situation. If you can’t afford anything quite yet, then they will also give you tips on the quickest ways to improve your credentials, and get pre-approved!

I hope this helps answer your questions, or at least give you an idea on where to start getting them answered!