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6 Tips To Lessen The Stress Of Buying Your First Home!

6 Tips To Lessen The Stress Of Buying Your First Home!

Buying your first home can be a daunting process. But, there is no need to worry! Luckily, there are a great deal of resources available that make buying a home much easier. Here are a few recommendations for individuals buying a home for the first time:

  1. Compare, compare, compare! You can use online websites like Zillow or Homegain to check out numerous listings at once and find out what the current prices are like.
  2. Use a mortgage calculator to determine how much you can afford.
  3. Determine how much you will be spending each month for housing by adding in homeowners insurance and taxes. You can call a local insurance agent to get an estimated homeowners insurance rate.
  4. Don’t forget about closing costs! Origination fees and settlement fees can add up! Make sure you remember to factor them into your monthly housing costs.
  5. You shouldn’t spend more than 28% of your income on your monthly housing costs. Review your budget, and make sure you have room for an expense like that.
  6. Speak with a trustworthy real estate agent who can provide you with information regarding whether the current market is a buyers’ market or a sellers’ market.

Follow these simple guidelines, and you’ll be able to more accurately decide whether you are ready to purchase your first home.


Jennifer Toyama Team

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