TIPS

For Your First-Time Homebuying

Understand Your Finances

Assess your financial situation, including your credit score, income, and debts.

Research Neighborhoods

Explore neighborhoods to find the one that suits your lifestyle and preferences.

Determine Your Priorities:

Identify your must-haves and deal-breakers in a home, such as the number of bedrooms, location, and property size.

Work with a Real Estate Agent

Hire a professional real estate agent to guide you through the homebuying process.

Home inspection is Crucial

Invest in a professional home inspection to uncover potential issues before closing the deal.

Have a Contingency Fund

Set aside money for unexpected expenses related to the home purchase, such as repairs or closing costs.

Consider Future Resale Value

Think about the resale potential of the home. Look for properties in neighborhoods with a history of appreciation.

Don't skip the fine Print

Read and understand all contracts and documents assiociated with the home purchase.

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3 Key Factors affecting home affordability

Anticipated moderate growth in home prices is expected to persist in 2024, driven by a slight increase in inventory.

Recent months have witnessed a decline in mortgage rates, and experts predict further decreases in the coming year.

Increased wages make mortgages more affordable by reducing the percentage of income allocated to monthly housing costs.