Buying a Home in 2025 - From Your Industry Expert
With many first time & move up homebuyers being restricted in purchasing power, I want to give a few tips to get you in the best shape for buying a home!
1. Pay off as much debt as possible! Your debt to income ratio and your credit score are very significant factors in determining your mortgage interest rate as well as your qualifying amount. Make a monthly plan to pay down that debt and execute! Reach out to me if you would like help with this, I have trusted lender partners that will create a personalized plan with accountability to help you reach this goal!
2. Save a 5-20% Downpayment. The more you can save for this step, the better. Also - remember that you will have a few expenses right after going under contract on your new home such as the Home inspection ($400-800), Appraisal ($500-800), and Earnest money deposit (usually 1% of the purchase price) - so you will want to have this cash easily accessible.
3. Start early! You may not think you are not ready yet or think if you start early you will be 'wasting our time' - that is not the case! My team of expert professionals and I are more interested in preparing you for a successful homeownership journey than how long it takes! If you start preparing early, you will be more ready when the time is right and that perfect home comes along - so don't hesitate to reach out and start that conversation. I want to be here for you every step of the way!
You Are Important to Me
I want to make sure you know how much I value you as a client. My primary source of new business is referrals from people who already know and respect me, and I want to build my business by working with great people like you. My goal is that you will be so impressed that you can’t wait to tell your friends and family about me and the fantastic service you received!
I am always looking out for you and keeping you informed! Please don't hesitate to reach out if you have any questions about where things are going in your neighborhood. If you want to take advantage of this unique market, let's have a conversation about your real estate goals. And the best compliment I could ever receive is for you to send another wonderful client my way. I am always here for you and the people you care about!
