Are you thinking about buying a home this year while the market is so great? These five tips will get you on the right path.
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I've got some valuable tips I wanted to share with you today if you're thinking about buying a home in 2017. Starting these five habits will put you in prime position to buy a house this year:
- Start saving money! There's a lot of time left in the year, so focus on saving as much money as you can for a down payment. Many times we can help with a down payment, but the more money you have on hand, the stronger you look to a mortgage lender.
- Build your credit and keep it clean: Make sure you make all your payments on time or even early. If you have a $1,000 credit limit and you have $900 on your card, it will really hurt your credit. We can also help in this area by getting you in touch with lenders who can help you get your credit in position for the lowest interest rate possible on a mortgage.
- Practice living on a budget or using a spending plan: Look at your current spending plan and making sure you're spending money on your future house with your goals, dreams, and ambitions in mind.
- Get your handyman on: As you walk through houses and see the things you can do to improve the property, don't always ask the seller to do them because if they do, they'll just increase the home's price. If you're handy at all, look for the projects you can take care of before buying a house and even add value to it.
- Be prepared to pounce: Make sure you have a dynamic real estate agent working hard for you to turn over every stone to find you the best possible property. We always focus on finding your dream home at your dream price, so have your list of needs and wants ready, but also be open. The market changes daily, so you never know what you might or might not be able to get.
Practicing living on a budget will help you save for a down payment.
