Are you considering buying a home for the first time? If so, congratulations! This is an exciting time! It's also overwhelming, but don't worry, our North Hills Raleigh real estate agent is here to offer you a few tips that will help the process along!
First Time Home Buying Tips | North Hills Raleigh Real Estate Agent
Buying a home for the first time can be quite a financial shocker. You're expected to repay the loan you took out in monthly installments. With that in mind, it's important to make sure you choose a home within your budget. Your monthly payment shouldn't exceed more than one third of your net income. If it does, you might be putting yourself at a financial disadvantage. It's likely you have a car payment or two and also have regular expenses like groceries, power bills and more. Consider all of this before making an offer on a home you may not be able to afford.
Choosing a home within your budget doesn't mean settling, either. You have all the time in the world to find the best home. Don't rush! Take your time and work with a North Hills Raleigh real estate agent to find your perfect house.
First Time Home Buyer Subsidy
Did you know that there is a way to make home loans more affordable as a first time buyer? Apply for grants that are available for first time home buyers. Talking with your real estate agent will help you learn more about these programs.
Don't forget to look at various homes in different neighborhoods. You don't want to choose a house without considering its surroundings. There are several developments in and around the Triangle that you'll want to check out! Also, remember the budget we talked about above, as well. Some homes are priced higher, according to the area they're located in.
We hope these tips help you with your search when buying a home for the first time! For more tips, visit back with our next blog, soon!
With the lower interest rates and increased sales, it's a great time for buyers to really consider purchasing a home before the end of this year. With time left to search, as well as sell current homes, now's a great time to contact our North Hills Raleigh real estate agent!
Also, if you’re considering selling your home, it's time to act now! Contact Roark Premier Team today and get started with the process of listing your home on the market! We guarantee to sell your home in 59 days or less! If we don’t, the listing fee is waived! So what are you waiting for? Call now! Our North Hills Raleigh real estate agent is standing by to help you get your home sold during one of the busiest times of the year for real estate!
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