The new year is quickly approaching, and many people are making a resolution to buy a new home in 2018. If you want to close on your dream home by the end of next year, there are a few things you can do now to start preparing. Here’s how to get ready to buy a home on the University Hills real estate market in 2018:
Take Advantage of the Holidays
A lot of people may be asking if there’s anything special that you want for the holidays this year. Instead of asking for new clothes or the latest smartphone, ask your friends and family to contribute to your down payment. Even if you already have enough to make a down payment on your own, you should still take advantage of the holidays and collect as much cash as you can to put towards your new home. If you don’t end up using the extra money for the down payment, save it to cover the cost of new furniture or moving into your new home.
Put the Credit Cards Away
Speaking of the holidays, it’s best to avoid charging a lot on your credit cards as you shop for your loved ones. Increasing the balance on your credit cards could lower your credit score, which could affect your ability to secure a mortgage from lenders. Now is the time to focus on paying off some of your credit card debt instead of adding to it, so create a budget for the holidays and stick to it. See 6 ways to budget for the holiday season
Interview Real Estate Agents
The winter is typically the slowest season for the real estate industry, which means it’s the best time to interview real estate agents. Local agents shouldn’t be as busy during this time of year, so they should be more than willing to get in touch with you to discuss your search for a dream home. Take your time and find a real estate agent that seems to understand exactly what you’re looking for so you can ensure the home buying process goes as smoothly as possible.
Look At the Current Market
Even if you’re not ready to start looking at homes in person, it’s recommended that you take a look online to see the homes that are currently on the market. This will give you a better idea of how much you will need to spend in order to get the type of home that you want for your family. But, keep in mind that prices may be somewhat lower during this time of year since it is the slow season.
Now that you know how to prepare to become a homebuyer in 2018, you’re ready to get in touch with the professionals. Contact Elevation Realty
to be connected to a team of experienced real estate experts ready to help you on your home buying or selling journey. Even if you’re not ready to start your search, we would be happy to answer any questions you have about becoming a homeowner.