Your credit score definitely affects your mortgage interest rate; you should try to improve it as much as possible.
Research home sale prices in your area
Talk to an expert (me) about sales prices and other homeownership costs, like insurance and maintenance.
Consider the down payment
You can put down less than 20% for different loans, but you’ll have to pay private mortgage insurance (PMI).
Consider all the costs involved
When owning a home, you will also need to consider that you will be paying property taxes and insurance premiums; you may also have to pay for flood insurance, closing costs, moving, and more.
STEP 2: START YOUR HOME SEARCH
Know what you want & don’t want
When purchasing a home, you should expect to live there for at least a few of years – even up to five or even ten, and you should try to accommodate for your future needs. Consider how many bedrooms and bathrooms you’ll need, if you want a big back yard, etc. And of course – keep the location in mind! Do you know what town you want to live in?
Decide what your deal breakers are
A deal breaker is a feature of the home that you realistically can’t fix, and that is unlivable for you.
Once you understand your wants and your deal breakers, I can set up a personalized alert anytime a home meets your exact criteria.
STEP 3: OFFER SMART AND CLOSE STRONG
Try to think competitive, but also be reasonable
I can help you make a competitive offer, and consider using some concessions to sweeten the deal.
Hire a home inspector
Attend the inspection and listen carefully to what the inspector has to say about the condition of the house.
Don’t be afraid to questions about common problems.
Decide what to ask the seller to fix, and what you feel comfortable with fixing on your own.
Think beyond the closing
Keep up with the real estate market so you know how your taxes and insurance could increase, and maintain your home so it remains a good investment.