Becoming a first-time home buyer is one of life’s most rewarding experiences. It means all of your hard work and commitment to reaching a lifelong goal has finally paid off. The day you leave the closing table – with your new set of keys, chills running down your body, and feelings of disbelief that you in fact just purchased your first home – is a truly surreal experience.
It is extremely important to have all of your ducks in a row as you begin to navigate the home buying process. Be sure that you are pre-approved by a mortgage professional so you have a good understanding of how much home you can afford and approximately how much your monthly payments are going to be. A pre-approval is not only important for your own knowledge that you are prepared to buy, but the seller will also want to see a pre-approval letter with any offers. With this pre-approval in hand, you are ready to buy!
Getting to this point is no simple feat, requiring perseverance and patience until the right match is found. You may be outbid on numerous properties, have offers rejected, and feel that there are no homes out there that meet your needs. These are all normal and natural occurrences. I always encourage my buyers to look at any homes they may be the slightest bit interested in, as you never know if it could be the one. If not, there is so much that can be learned from looking at multiple properties. You may get future interior/exterior design ideas and you’ll get a better feel for the market as to the listing prices of various homes and what they have to offer. It is important to not become discouraged, make the most of each listing you visit, and whether it be the first home you view or the 20th, remember your time will come!