What are the first steps to buy my first home?
This is a question I get asked a lot. The thought of home ownership seems so far away and down payments unobtainable. The good news is most concerns can be easily relieved.
The first steps to buy your first home are to find a good Realtor and lender. A good lender is essential to helping plot your purchase path. Is your credit ready to buy now? If not they will have suggestions of what exactly you need to do, maybe open a credit card or pay something off. They will also be able to look at your unique situation and decide how much of a downpayment you need. There are 0 down loans, and very common FHA loans that only require 3.5% of the purchase price for the downpayment.
They will also tell you based on your income and desired monthly payment what price of a home you qualify for. Once you have that number a good Realtor is able to help you find and negotiate the home of your dreams.
A good Realtor will not only make the process smooth sailing but also know how to protect you every step of the way.
So, if you are asking your self what are the first steps to buy your first home, the good news is you have not only already taken the first step, but it's also the hardest step and your goal is now obtainable.
If you are looking to buy your first home in SW Washington, Dawn Workman would love to help guide you through all the steps. Dawn has been a Realtor for over 12 years and has worked with hundreds of first time home buyers. She teaches free classes and takes the time to listen to and help each and every client. Reach out to her today and set up a time to meet for coffee or to just chat. 480-540-8100