Buying A Home Can Be Just Like Dating

Buying A Home Can Be Just Like Dating

Overwhelmed with the idea of buying a home?  It can be a lot to handle, so try thinking of home-buying like dating. It’s a process that’s sometimes frustrating, but ultimately you’ll be glad you held out for “the one.” Here are some things to remember.

Make sure you’re worth the investment.  “Are you homeowner material” is kind of like, “Are you boyfriend or girlfriend material?” Banks, like dates, aren’t going to take a chance on someone they don’t see a future with. That means a credit score above 600 will increase your chances of getting approved for a homeowners loan.It’ll cost you money.

Think of it as a “wine and dine” process – you’re going to have to woo a loan program with a down payment 3.5 to 20 percent of the price.  After that, it’s common practice to spend about 30% of your gross income on your mortgage.Compromise.Your relationship with the seller will be one of compromise – price and closing details are something you’ll probably have to go back and forth on.  If you’re unsure of how much you should be offering, read our guide on how to determine an appropriate amount.  Accept that nothing’s perfect.  The home for you probably won’t be perfect. But overall, will the home make you happy the way a true love can? Remember, if you can change your mate’s habits, you certainly can tear down a wall or redo a floor to get exactly what you want.Trust your friends.

Think of your Real Estate Agent as the friend who will help guide you through the process.  They’ll introduce you to prospects, give you advice, and just generally be your support until you sign and close.  The road to home-buying isn’t easy, but it’s worth it.  Just remember that with the help of these steps, you’ll be living your happily ever after in the home that suits you.

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Phone: 480-426-1590
Dated: September 2nd 2014
Views: 451
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2075 S Cottonwood Dr.
Tempe , AZ