: Interview at least three realtors to find one who understands your specific needs and can negotiate effectively.
: Focus on commute times, school quality (which impacts resale value), and local amenities like parks or grocery stores.
Preparing to buy your first home is a marathon, not a sprint. To set yourself up for success, you need to focus on financial stability, market research, and assembling a professional team. what to do to prepare to buy your first home
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: Last two to three months for all checking, savings, and investment accounts. Identification : A valid government-issued ID. : Interview at least three realtors to find
Before looking at houses, you must understand what you can actually afford.
: Follow the 3-3-3 rule —have three months of living expenses saved and three months of mortgage payments in reserve. 2. Do Your Homework on the Market To set yourself up for success, you need
: Plan for a down payment (ideally 20% to avoid private mortgage insurance) and closing costs, which typically range from 1.5% to 5% of the purchase price.