A home is the biggest investment most people will make in their lifetime. It can be nerve wracking to even contemplate buying! Especially if you are a first time home buyer! You might ask yourself “Where do I even begin?” “What can I afford?”. If so, refer to the following for some tips:
- Start with your lender - he/she can tell you what loan amount that you qualify for and can suggest different loan types that would be best for you. There are even a few options that require zero money down such as the RDA loan which is offered in Cedar City. Meeting with your lender generally takes a short 10 - 15 minutes and is extremely beneficial. After finding what you are qualified for, your lender can show you exactly what your monthly payment will be including your homeowners insurance and property taxes which are calculated in. If you don't have a lender, come see us and we can recommend a few to help you out.
- Come see Stormy. She will sit down with you and show you what homes are available in our area - being a member of the board, she has access to every listing, no matter who the selling agent is. She will be able to show you pictures of the interior and exterior of each home that interests you and show you details on the property so that you can get a better feel for the home and decide if you would like to put it on your list of homes that you would like to see.
- Now the fun begins. Stormy will take you to look at the homes that you would like to see! It is exciting to picture your furniture fitting in the home and imagining how you would arrange everything yourself. Once you find “your” home and fall in love - it’s time to make an offer! Stormy will make sure to cross every T, dot every I, and educate you throughout this process making it as smooth as possible.
- When should I buy? There are advantages to buying in the busy months of spring, summer, and fall such as the higher inventory of homes which means there is more inventory for buyers to choose from yet sellers seem to be extra motivated in the winter which is great for the negotiation on a buyers side. So really, you can’t go wrong.