Buying your first home is a major decision and an exciting milestone. Understandably, you may be wondering what’s happening in the housing market today, how much you need to save, and where to start. The following very important tips to explore and understand.
Consider All Options
It’s a good idea to expand your search to include additional housing types. For first-time buyers, condominiums and townhomes are excellent ways to increase options and provide great entryways into homeownership. Starting to build equity with either will increase your net worth and in turn, can fuel a future move.
Down Payments May be Closer Than You Think
It is said that, One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership. Current data indicates that the median down payment for all homebuyers is only 13%. Down payment assistance programs are available and there are other options you may qualify for.
Work with a Trusted Real Estate Advisor Throughout the Process
The very best way to make sure you’re set up for success is to work with a seasoned real estate professional like Dennis Hartley. Trust his expertise to educate and guide you on all steps of the home buying process, connect you to other helpful professionals along the way, and provide excellent advice when finally making an offer that will stand out above the rest.
Knowledge is key to succeeding on your home buying journey. Partner with Dennis Hartley to navigate the entire journey to gain the confidence you need to buy your first home.