A Top-Notch Insight
If you're in the market for your first home you may be feeling overwhelmed; from the lingo to all of the unsolicited advice you're receiving from every homeowner you know. Though there is no end to the tips and guidance we'd like to bestow upon you, we've decided to narrow it down to these top 5 must knows. Whether you're interested in homes for sale in Arden Park, or elsewhere, these are sure to help you find and buy the home you're dreaming of.
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1) Determine What You Can Afford
Before you even consider shopping for a home, it's extremely important that you determine what you can afford. Sit down, look at your budget, and consider what you're currently paying in rent. Can you afford to spend more? Are you feeling strapped with your current living expenses? Its important to consider how your new home will affect your budget. You don't after all want to be unable to live the lifestyle you love as a result of your house payment.
2) Get Preapproved
Sit down with a mortgage broker and get preapproved for a loan. He or she will ask you a series of questions and run your credit. Based upon this info they will determine if you're approved and how much they will approve you to borrow. This is very important as it will also affect your budget. You can then share this information with your realtor and get down to the fun partshopping for your Arden Park home!
3) Work With a Reputable Realtor
Working with a reputable realtor, who is familiar with the area, is important to your success. He or she should be intimately acquainted with the area and be tuned in to the inventory of available homes. At KD Realty we specialize in real estate in Arden Park, as well as the rest of the Chandler, AZ community. If you're in the market for a home in the area, we encourage you to contact us to learn what Arden Park and the rest of the community have to offer.
4) Research the Market
Learn about the area in which you're shopping. What is the median home price? What are the schools like? This is important even if you don't have kids as it affects property values and how easy it will be to sell the home in the future. What shopping, dining and other attractions are nearby? Crime rate? The list goes on. Your realtor will be able to help you gather this information.
5) Think Long Term
In todays real estate market it's important to think long term. Homeowners are staying in their homes for much longer than they we're just a few short years ago. As a first time homebuyer you should expect to live in this home for 3-5 years. Consider how much room and what amenities you will need if you are living in your home for this period of time. If for example, you plan to start a family, be sure to shop for homes with acquit space.
Though there is plenty more we'd like to share with you as you embark on your first home buying experience, well stop here. We encourage you to consider each of these tips, take your time and enjoy the process!
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Posted in Home Improvement Post Date 10/21/2023