There has never been a better time to become a homeowner in Gainesville. There are more options – for homes and for financing – then there have been in years. But before a prospective home buyer ventures into the market for the first time, there are ways
to make the process a little easier.
Here are a few things everyone should do BEFORE they begin the search for their first home:
Buying a home – any home – is a big decision with a lot of expense involved. Before you start looking for financing take a hard look at your credit history. Now is the time to get all of your ducks in a row, so to speak.
Look for inaccuracies or credit disputes. Address these issues now, and make your credit report as tight and clean as possible, because it will be getting heavily scrutinized in the near future.
If you are planning far ahead, then take the next step and don’t just fix your credit, build up your credit. The better your credit score is, the more options you will have for home financing in the future.
Cash and Savings
Regardless of what your financing will be, you are going to need some cash. The more money you have up front for a down payment, the more power you have in the home buying process.
There is more than just the down payment to consider. Closing costs can range anywhere from 2% to 5% of the purchase price.
There may also be an increase in living expenses, at least initially. And that isn’t to mention homeowner’s insurance and property taxes. So start saving now!
Research and Learn the Process
Everything you need to prepare yourself can be summed up in one word – research.
Learning about how the process works, and what to expect at every step along the way, is the best way to empower both yourself and your search for a home.
It can be a big, complicated process, but knowing what to expect makes it a little better.
Consult a Professional
You don’t have to do all the legwork yourself. The experienced agents at Allison Ables Real Estate & Property Management can offer advice or help at any step of the process. If you have questions about finding the best house in your price range, give
us a call at (352) 371-1828 and let us help.