As a first-time homebuyer, rest assured that even though both mortgage rates and home prices have risen this year, this doesn’t mean that you have to put your plans on hold. Here are a couple of tips to get you started toward your homebuying dreams.
Work with an experienced professional to prioritize your wish list.
Take a deeper look at your list of wants versus what your really need. Speak with your agent to better understand what’s available in today’s market. As you clarify what you really need, you may learn of new options. Adding desired features is entirely possible later on, to make a home truly your own.
Increase your search radius to consider more locations.
If buyers are flexible about their desired location, two nice things can possibly happen. Often great homes are available within your target price range, and you may discover a fantastic neighborhood you weren’t yet familiar with. Remote work flexibility can also increase options and introduce more homes in affordable areas that check the most boxes off your wish list.
Honing your strategy regarding wish list and desired location + partnering with a pro are critical factors in searching for homes at the moment. This powerful equation is the right formula for navigating today’s market, and landing in your new home.