For many people, all of the responsibilities that come with homeownership can be scary and intimidating. From the stress of finding the perfect home and figuring out all your finances, to closing and then dealing with all the responsibilities that come after the close, there is a lot to consider. While it may seem like an overwhelming and scary process, it doesn’t have to be! Follow the tips below from a Waltham Real Estate Agent to put your mind at ease about being a homeowner!
Buying a home is definitely a huge financial investment. For most people, buying a home will put you in a decent amount of debt. If you’re a first-time homebuyer, you probably either just finished paying off your student loans or are still working to pay them off. Because of this, it’s understandable that people are worried about making a big financial move, like buying a house. This is why most millennials are still renting instead of buying. However, this doesn’t have to be the case! Waltham Realtors suggest working with a financial advisor to help see and understand all of your financial options.
Your credit score does play a big role in what type of mortgage loan you’ll be approved for. Most mortgage loans will require a score of at least 620. However, there are other types of mortgage loans that will be flexible with lower credit scores. If you’re looking to boost your credit score focus on these tips from a Waltham Real Estate Agent:
- Practice good financial habits
- Pay all your bills on time
- Keep your credit balance low
- Limit the number of credit cards you have/how often you apply for a new one.
By following these tips, you’ll be able to boost your credit score and put your mind at ease about applying for a mortgage!
Not Budgeting Enough For All the Extra Fees
When buying a home, there’s definitely a lot of fees that come with it. It’s important to be aware of all the extra fees at the beginning of the process so that there are no surprises. Some of these fees include closing costs, property taxes, down payments, etc. They certainly add up.
The best way to make sure you’re budgeting correctly for all these fees is to sit down with a Waltham Real Estate Agent and discuss the fees upfront. It’s important to be aware of everything you’ll be expected to pay. You can eliminate this stress by setting aside the money for the fees right away when starting the search for your new home.
You’ll Get Outbid
Finding your dream home that accommodates all your needs can definitely be a challenge. Plus, what if you finally find your dream home, and then all of a sudden you get outbid?! This is a very real fear to have. The best way to go about this fear is to once again work closely with your Waltham Real Estate Agent. A Waltham Realtor will be able to help you put together the perfect offer to get your dream home before others swoop in. Your Waltham Real Estate Agent will also take care of all the paperwork, negotiating, etc. so you won’t have to worry about any of that stuff.
Contact A Waltham Realtor
Let a Waltham Real Estate Agent help you overcome these fears! If you’re ready to buy your first Waltham home, contact Hans Brings. Hans has years of experience getting his clients their dream homes for fair prices. Give Hans a call today! 617-968-0022