2 minute read
REAL ESTATE TIPS
NEW YEAR, NEW HOME: YOUR HOMEOWNERSHIP CHECKLIST
Welcome to a new year filled with exciting possibilities! If becoming a homeowner is at the top of your resolutions, let's turn that dream into a reality Follow this comprehensive checklist designed to guide you on the path to homeownership.
Define Your Goals
Clarify your homeownership goals Are you looking for a starter home, upgrading, or investing?
Financial Assessment
Evaluate your current financial situation
Check your credit score and work towards improvement if needed
Establish a budget that includes savings for a down payment, closing costs, and potential moving expenses
MORTGAGE PRE-APPROVAL
Consult with a mortgage broker to determine the loan amount you qualify for
Obtain a pre-approval letter to strengthen your offer when you find the perfect home
Create A Savings Plan
Set up a dedicated savings account for your homeownership fund
Explore down payment assistance programs and first-time homebuyer grants
Research Neighborhoods
Identify neighborhoods that align with your lifestyle, preferences, and budget
Consider proximity to schools, work, amenities, and future development
Finalize Your Wish List
Determine your non-negotiables and must-haves in a home
Prioritize features that align with your lifestyle and future plans
Plan For The Closing Process
Familiarize yourself with the closing process and associated costs
Work closely with your real estate agent and mortgage broker for a smooth transaction
