1. Start Saving for a Down Payment
Before you dive into the real estate market, let’s talk finances. You’ll need a down payment to secure that dream home. Ideally, aim for 20% of the home’s price to avoid extra fees. But don’t stress if you don’t have that much saved up. Some mortgages allow lower down payments—as low as 10%, 5%, or even 0% for specific loan types like VA loans or USDA loans. Don’t let the downpayment deter you. I have access to downpayment assistance programs. Click this link to see if you are eligible: https://www.workforce-resource.com/dpr/pmt/Canopy/NICOLE_COLON_1
2. Check Your Credit Score
Your credit score matters! It’s like your financial report card. Lenders use it to assess your creditworthiness. Late payments on credit cards or other blemishes can affect your chances of getting a loan with a great interest rate. So, pull up your credit report and ensure it’s in good shape before you start house hunting. Now, you may still potentially purchase a home with a less attractive credit score. Give me a call so I can connect you with my lender partners. 980-483-3622.
3. Get Pre-Approved for a Mortgage
Pre-approval is like a golden ticket. It shows sellers that you’re serious and financially ready to buy. Reach out to lenders and get pre-approved for a mortgage. This step will give you a clear idea of how much house you can afford and streamline your home search.
4. Have me, Nicole Colon, as your Real Estate Agent!
I will be your trusty sidekick in this adventure of Home Buying. I know my local market, negotiate on your behalf, and guide you through the process. My goal is to tailor your needs, wants, and financial position to find that perfect home sweet home.
5. Go House Hunting!
Now comes the fun part—exploring houses! Create a wishlist: How many bedrooms? Backyard or balcony? Proximity to work or schools? Then, hit the streets (or websites) and start touring homes; with me of course. Take notes, snap pics, and imagine yourself living there. When you find “the one,” we make an offer and the negotiations begin! Don’t worry, I will be holding your hand along the way.
Remember, buying your first home is a big deal, but it’s also incredibly rewarding. Take a deep breath, trust the process, and soon enough, you’ll be sipping coffee in your very own living room. 🏡✨
