At A New Dawn Realty, we understand how scary it can be to buy a home, especially if you’re a first-time home buyer. With so many last minute details to consider and remember during the home buying process, it can be challenging trying to navigate the process on your own. Luckily, our real estate agents have come up with four tips to help your first home-buying process go smoothly.

Determine Your Budget Earlycta2

Before you get down to the nitty-gritty of looking at houses, make sure you have a clear idea of what you can afford. This will not only help to make your searching efforts more effective, it’ll give you a good sense of your income after calculating out any additional costs such as insurance premiums, property taxes and HOA fees, if applicable.

Stay On Top Of Your Credit

While you may already know some of the benefits of maintaining a high credit score, when it comes to purchasing your first home, your credit score is very important. All mortgage lending is based on a calculated tier of interest rates and terms that revolve around your credit score, so staying on top of it is critical to your home-buying experience.

Talk To Your Bank

Before you begin searching for your dream home, have an honest discussion with your lender to assess what your current finances look like. This will help you gain a better understanding of what you can afford and what your mortgage rates could be.

Set A Timeline

If you want to set realistic expectations for your home-buying journey, set a unique timeline to determine when you’d like to get everything done. If you have a low credit score, make sure you factor in some time to clean it up so you can get the best possible deal on the home you’d like to purchase.

At A New Dawn Realty, we’re proud to work with a network of trusted home-buyers and sellers throughout North Carolina. If you’re thinking about buying a house, contact our experienced REALTORS® today to learn more about our residential and commercial properties. We can help!