Realty Trends LLC
Perry Hillegas, Realty Trends LLCPhone: (720) 270-0040
Email: [email protected]

Four Things to Get Ready to Buy Your First Home

by Perry Hillegas 03/11/2019

It is not just enough to think about buying your first home. It is a life-changing experience that can have more twists and turns than a Hollywood soap opera. Homebuying can also be an enjoyable experience if you put in steps to get ready for the process well before it gets started.

Here are four things that you must do to prepare for buying a home.

Check your credit report

The most critical factor in buying a home is your credit report. This report is what mortgage lenders use to determine your eligibility for a mortgage loan. Many things affect your credit report and add up to your credit score. Find a free or paid website to check your credit report at least twice a year.

Build your credit history by also making sure that you don’t default on credit card payments and other bills. If you already have delinquent accounts on your credit report, work with the creditor to bring it back up to date. If there are mistakes on your report, contact the reporting credit bureau to address it. 

Have a budget

Budgets come out of taking a long, hard look at your current financial situation and deciding how much down payment you can afford to pay. Your economic condition affects the type of home that you can buy and your ability to pay your mortgage conveniently. Also, try to budget for other expenses like homeowners' insurance, closing fees, inspections, and possible renovations or improvements. Use a mortgage calculator online or with your real estate agent to play around with the amounts to find the sweet spot for you.

Get pre-approved for a mortgage loan

Before you start looking for a house, you should get pre-approved by your bank. Not only does this give you a stamp of approval that you are ready to buy a home, but it also gives you an edge over other buyers as the sellers know there will be a quick closing on the sale.

Find a Real estate agent

Navigating the real estate market by yourself is not advisable. Many pitfalls exist of which you may not be aware. To make your dream of owning a home a reality, find a real estate agent that is professional, has your best interest at heart and honest. This person will help you get the best deal for your money and also have a smooth buying process.

Do you think now you are ready to buy your first home? Call a local real estate agent today to get started.

About the Author
Author

Perry Hillegas

I've always considered myself a "Trusted Advisor", not a sales-person. With a diverse prior background in technology, insurance, financial services, and general contracting, I have learned helping others begins with learning what someone wants to accomplish.

You see, it's not about selling, it's about solving a problem!

We'll work closely together using a unique process where we define your desires and objectives. This often reveals better options that my clients never even considered before.

Also, by leveraging over 15 different trend reports per neighborhood and carefully reviewing each agent's sales trends can often put us in a much stronger position to save you thousands.

Whether buying or selling, your desires are always front and center. Call me today and let's begin your journey!

Other stuff about Perry

Although Perry has lived in Colorado for over 30 years, he's originally from Virginia Beach, Virginia. Perry has raised three wonderful children with his lovely wife, Vonda. He loves spending time with his family, hiking 14ers, camping, and dirt bike riding in the deserts of Utah.