Thursday March 19, 2015
Buying your first home will surely be a memorable occasion. Buying your first home is also one of the most important purchases you will ever make it your lifetime. Here are some questions to ask yourself before starting on the journey to become a first time homebuyer.
Are you really ready?
Though you may think now is the perfect time to purchase a home you must ask yourself, “Are you really ready?” If you aren’t looking to live in the home for at least the next five years then now is certainly not the time to buy a home. But if you are looking to stay in the home then congratulations, you’ve picked the perfect time to purchase your first home.
What is your target location?
With plenty of homes for sale in mclendon chisholm tx to choose from you must start narrowing down your ideal communities. Do you want to be in the city or close to city living? Are you looking for convenient access to the cultural and arts scene, good food and shopping, recreation and work? Or do you have kids or plan on having kids? If yes, then purchasing a home in a good school district is a top priority.
What do your finances look like?
Check your credit score and assess your overall financial profile. This will give you a better idea of where you stand, ensure your credit history is accurate and give you a chance to fix any discrepancies you may find. Avoid making any big purchases (car, big screen TV) until after you purchase your first home since creditors look at your debt-to-income ratio and you don’t want anything to negatively impact your credit score.
How much can you really afford?
Everybody has their ideal dream house. But is your ideal dream house affordable? Just because you can afford it doesn’t mean you should buy it. Only purchase a home that is in your price range and won’t break the bank. Take into account a down payment, closing costs, routine maintenance costs, utilities and cable, Internet and TV costs. You can leverage your buying power by getting pre-approved for a home loan. This will let you know how much house you can really afford and help narrow down and make a serious offer on the home of your choice.
Altura Homes offers homes for sale in mclendon chisholm tx in the communities of Chisholm Crossing IV, Kensington Park and Sonoma Verde. For information about these three lovely communities give us a call today at 888-972-1979.