Buying a home for the first time can be a challenging experience. Here are some tips for new buyers.
- Check credit scores as soon as possible. Fixing credit report errors or boosting a score that is too low often takes months to accomplish.
- Hold onto some cash. Saving for a down payment is important, but so is an emergency fund large enough to cover three to six months’ worth of expenses.
- Chat with neighbors about the community. Ask about schools, noise, amenities, and any future plans for the neighborhood.
- Remember to save for additional costs that may be a part of the homebuying process: appraisal fees, escrow fees, notary fees, and other related expenses.
Understanding the ins & outs of buying a home is key. Count on us to help.