Looking to Buy Your First Home? Here are 5 Steps You Will Need to Take

Buying your first home is an exciting time, but with all of the work involved, it can also be an overwhelming one. However, if you do your research and plan accordingly, you can find the house of your dreams without the nightmare. Here are five steps to take when buying your first home:

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  1. Get a financial checkup: To know how much you can spend on a home, review your finances. Build up a down payment, save for the extras that come with buying a home, and if needed, start fixing your credit right away.
  2. Go mortgage shopping: To get the best deal on anything, including a mortgage, you need to shop around. Ask for a lower interest rate, better terms, reduced fees, and other mortgage products from various lenders and see which offer works best for you.
  3. Hire a real estate agent: Who knows the housing market better than a real estate agent? Interview several agents, make sure they listen to you and understand your needs, and ask for referrals. Make sure you are comfortable with your choice.
  4. Calculate the numbers: The down payment, mortgage payments, closing fees, moving costs, homeowners insurance – can you afford to buy? There’s only one way to know, and that’s by running your numbers. Include every possible expense related to the home to determine its overall affordability.
  5. Get that home inspection: An inspection can tell you a story about a property that can make or break your decision. This immediate expense can save you thousands of dollars in the long run.

If you need advice about the steps to take when buying your first home, contact the friendly professionals at Shumacher Insurance. Their knowledge and experience will help you navigate the home buying process for an easier path to the American Dream.


About Schumacher Insurance Agency

Why trust us? What do we do different than every other insurance agency? Consider this an invitation to get to know us. We believe we are an exceptional team of protection specialists that work hard to do things the right way, to educate our clients on insurance, and make the experience effortless. We are excited to introduce a new insurance experience for our customers. We encourage you to speak with our team who can show you how different we are… from text messaging services for late payments to educational insurance concepts on Facebook. We will prove our innovative approaches to obtain the proper coverage’s for you, your family, your business. Insurance is likely not the most interesting affair for everyone, but it is most certainly ours! Yes, we are insurance geeks!

Posted on December 4, 2014, in Agency and tagged , , , , . Bookmark the permalink. Leave a comment.

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