Buying a home is an exciting process. But if you’re a first-time buyer, it can be difficult to know where to start. There are plenty of formalities, best practices, and more that can make it a confusing process, which is why Bobby Lyerly - Keller Williams Realty First Atlanta in Fulton County, GA, wants to offer advice. Getting off to a smooth start is important when you buy a house, so they say you should follow the three steps below when you’re ready to begin.
3 Tips to Buy a House
1. Establish Your Budget
Before you can buy a house, you need to know what you can afford. A home is a long-term investment, not a burden, so set a realistic budget that will allow you to maintain your current lifestyle. This should also include a down payment, which is usually around 20% of the asking price. If you need assistance, there are many online calculators, and a real estate agent can help.
2. Get Preapproved
Once you determine how much you can afford, it’s time to see how much you’ll be allowed to spend. Unless you have the capital to pay for the home outright, you’ll need a mortgage. It’s extremely helpful to get preapproved before you start shopping because you’ll have a true number to use as you compare homes. This will also make the buying process easier when you hone in on a property and start negotiating.
3. Hire a Realtor
The real estate market isn’t a place you want to rush into if it’s unfamiliar territory. There are many pitfalls people make when they buy a house, which is why you should have an expert on your side. Hiring a realtor opens many doors, including insider advice on properties and neighborhoods, as well as insight into the buying process. This can have a significant impact on the end results, so find a realtor that’s right for you.
If you’re looking to buy a house, turn to Bobby Lyerly - Keller Williams Realty First Atlanta. He has extensive experience with the local market and is dedicated to helping clients find a home that meets their needs and budget. Call (404) 307-4486 today to schedule a consultation, and visit his website to view his listings.