Are You Ready to Own a Home?

How do you know when you’re ready to buy a home? I have a few tips to help you come up with a strategy.

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A lot of buyers will ask me, “How do I know when I’m ready to buy a home?”

I recommend that you go see your real estate professional. We’d love to talk you through the process. As a certified real estate strategist, I can put a plan together to help you determine exactly when you’re ready to buy.

We will look at different factors on the lending and real estate side to make sure that you are ready to buy a home. First, we have to find out if you will qualify for a mortgage. We’ll look at your FICO score, debt-to-income ratio, and consumer debt. We want to put you in the best situation possible to buy a home.

There are a few other factors to consider. For example, are you in a lease? Are the kids in school? When do you want to move?
Ultimately, you’re the only one who knows when you’re emotionally ready to buy a home.
I can help you get a strategy in place. Ultimately, you’re the only one who knows when you are emotionally ready to move.

If you are thinking of buying a home, just give me a call or send me an email. I would be happy to help you!

How Do You Determine How Much Home You Can Buy?

If you want to accurately determine how much home you can afford to buy, there are two professionals you must speak with.

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Buyers ask me all the time, “How do we determine how much we can afford for the new house we’re looking at?”

First, speak to a lender before you start shopping for a home. They can give you accurate information regarding your debt-to-income ratio and your FICO score, which are the two key ingredients to knowing what you can afford.

On the real estate side, speak to a real estate professional. They will be able to provide you with accurate information that will affect your monthly payment. This information includes what your property taxes will be, what your HOA payments will look like, and how these factors will affect your debt-to-income ratio.

Getting a professional opinion
on both the real estate and lending sides is your best bet.

You can research some of these things on your own, but getting a professional opinion will best determine how much you can truly afford for the home you intend to purchase.

If you have any questions about this topic, please don’t hesitate to reach out to us. We’d be happy to help you.