Dear Annie Agent,
My husband and I have been married for a few years and working hard to save for a home of our own. We’re at a place where we are starting to feel like we are ready to buy. How do you know when you are truly ready to buy and that it is the “right” time to do it?
Possible House Hunter
The truth is, you’re ready now. The process of buying a home isn’t always a neat, straight line of not owning to owning. There are steps you should take, and there is information you need to have, but you have already started the process by deciding that you want to own and setting some financial goals.
Your next step is going to be finding professional guides to help you navigate the purchasing process. You need a mortgage guide and a home buying guide. It doesn’t matter who you find first, but you will need them both.
A mortgage guide can help you find out if you’re ready on the financial side. If you are well prepared, they can see if you qualify for any special programs to help first-time homebuyers, and they can also help you determine how much you can afford to spend on a home. If you’re not quite ready financially, they can help you get there as well.
A REALTOR® can be your home buying guide. They have the tools you need to make your home buying experience a positive one while ensuring that you have an advocate during the entire process. If you’re still working on getting your finances in order, they are an excellent resource for information about the whole process and what you can expect. Working with a REALTOR® and building a relationship with them is a great way to make sure you one day find a home that is perfectly suited to you.
The “right” time to buy is a bit trickier to answer. The truth is the right time to buy is when you are ready and have found the people you need, but it can be intimidating with all of the ads and news reports shouting about the latest deals and historic low rates. Stick to getting real, professional, personalized advice and together you can make sure the time is right for you!
All the best,