Maybe you have just recently graduated from college and are wanting to set down some roots? Sounds like you may be ready to buy your first home. Take look at this quick and easy four-point plan that you can use to determine if you are ready to buy your first home.
#1: How is your Credit?
Do you know your credit score? What does your financial health look like? Have you saved any money for a down payment? You may be able to buy a home with a low downpayment or even ZERO downpayment. Unless you have lot’s of cash, you’ll need to a loan buy your home and your lender will be digging into your credit history. Make sure that you aren’t late with payments of any kind and that you have cleaned up any black marks from your past credit history.
#2: Can You See Yourself Living in This Community?
Do you love the area you live in? Or are you thinking about moving to a community that you like a bit more than the one you’re living in now? Maybe it’s the local shops, the amenities, the biking or walking trails or just being close to your job. Do you want to ‘love where you live,’ then make sure that you are buying your first home in a community that you will love to call home.
#3: Is Your Job Situation Stable?
A big factor to think about is your job or career. Are you considering changing companies or careers in the foreseeable future? Make sure you are going to stay put for a few years.
#4: Are You Planning on growing your family?
Have you thought about what your family might look like in the next few years? Is marriage or kids in your plans? If you have kids, do you think you’ll have any more? How much space will you need for your family?
When you’re ready to buy your first home in Bellingham County, please contact me. I will gladly answer any questions you may have about selling or buying real estate in Bellingham.