Three Tips for First-Time Homebuyers

Here are three things that can help give you the information you need to confidently pursue your dream of homeownership.

Consider All Options When the Number of Homes for Sale Is Low
Today, there are far more buyers in the market than there are homes available for sale. When that happens, it’s a good idea to do what you can to increase your pool of options. Condos and townhomes are both great entryways into homeownership. When you buy either one, you can start building equity which increases your net worth and can fuel a future move.

Know Your Down Payment Could Be More Within Reach Than You Think
Saving for a down payment can feel like one of the biggest obstacles for homebuyers, but that doesn’t have to be the case. As NAR says, “One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership.” For all homebuyers right now, it’s only 13%. That’s well below the common misconception of 20%, and it’s even lower for younger buyers. There are also down payment assistance programs available for many buyers.

Work with a Trusted Real Estate Advisor Throughout the Process
Once you’re ready to begin your search, a real estate professional can help you understand your local market and search for available homes. And when it’s time to make an offer, they’ll be an expert advisor and negotiator to help your offer stand out above the rest.

DM me so you have an expert on your side who can help you navigate the homebuying process.


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