New Year’s Resolutions For Home Buyers

New Year’s Resolutions For Home Buyers

 

Is buying a new home one of your goals for 2021?  Or maybe 2021 is the year you’re going to buy your first home?  If so, it’s never too early to start planning so you are ready when the time is right.  Mike Anderson, a sales associate with ERA Justin Realty has the following recommendations for would-be homebuyers. 

 

Be Honest About Your Finances

“My first recommendation to clients is to honestly review your finances.  Start by comparing your monthly income and your spending habits,” Mike advises. “If you’re a first-time homebuyer, evaluate your discretionary expenses and determine where you can cut back to save toward a down payment. You’d be surprised at how quickly small savings can add up!”

 

Meet with a Local Lender 

“A local lender really understands the dynamics of the market and can provide personalized customer service,” Mike explains. “At ERA Justin, we have a few lenders we regularly recommend to our clients because of their knowledge of both their industry and the local market.” A local lender will be well-versed in both special programs for first-time homebuyers, and can help seasoned homeowners who are looking to move or buy a second home understand how much they can afford and what loan products exist to help them make their purchase a reality.  

 

Speak to a Trusted Realtor

Arguably one of the hardest parts of the process is hiring a Realtor®. “Make sure you pick an agent that is experienced, knowledgeable about the local market, and whose work style and personality is in alignment with yours,” Mike recommends.  “Your agent is your partner in the home buying process,” Mike continues, “So in addition to making sure you have similar styles, it’s important to be as specific as possible with your goals.  Do you want to buy or rent?  Are you buying your first home, an investment home, or a second property?”  The best agents will take the time to thoroughly review your goals so they can make the best recommendations at every step of the home buying process.

If homeownership is one of your goals for 2021, call Mike or any of the experienced professionals at ERA Justin Realty Co.  at 201-939-7500 to discuss your wish list and explore your options.