How To Buy Your First Home As a Couple?

Couples Buying a Home: Century 21 President

Buying your first home can seem overwhelming. It can be hard to narrow down what you want, figure out what neighborhoods are the best and decide how much to spend – let alone do all of that with another person! My wife and I have had our fair share of disagreements while house hunting, so we’ve put together a few tips to help you find your dream home while putting your relationship first and not going crazy!

Priorities: One of the most first things to start with the home buying process as a couple is discussing your wants and priorities. This will help you to understand what each one of you need and can compromise. It is good to understand what is a deal breaker price, location, amenities, renovations, yard and many other factors. 

Pre-approved Mortgage: This is an important step that helps you determine how much house you can afford. Often confused with pre-qualification, which is an optional (and very preliminary) process to estimate the size of mortgage loan you could take out, pre-approval takes a more thorough look at your financial situation and is the first step in obtaining a mortgage. After verifying your income, assets and debt, and running a credit check, the lender will give you a pre-approval letter stating the exact amount their institution would be willing to lend you. This does not obligate you to ultimately use this lender, nor is the lender required to ultimately give you the mortgage. However, having a pre-approval letter in hand lets you move faster when you find the home of your dreams and is a smart first step to take before starting your house hunt in earnest. Looking for the best mortgage solutions we have an in house team of mortgage experts click here to know more 

Buyers Agent: Some people save this step until the last minute, but finding an excellent realtor early in the home-buying process will save you time, energy and help make the entire experience much less stressful. A good buyers agent will take time to listen to what you are looking for in a home, will hand-pick houses you might be interested in, will work with your schedule to make sure you can see them as soon as possible and won’t try to rush you into a purchase. They will explain the whole home-buying process to you, answer your questions, and refer you to other professionals you will need (such as home inspectors and lenders). Having someone working for you early on can help you and your significant other focus on the difficult-enough process of deciding what home you want – your agent will take care of scheduling showings and walking you through next steps. Find local real estate salesprofessionals and brokers in brampton here

Virtual Tours: This is the best tool to start your basic research as all properties have virtual tours to give you a sneak peek inside the house without having to visit the property in person this not only saves time but also helps to look at multiple listings which would be not possible due to time constraints. View some local real estate deals here

Buy Your Dream Home: A little preparation, a lot of communication, and a good attitude can make shopping for your first house together an exciting adventure instead of a stressful experience. So enjoy it! Plan out to view houses after you have shortlisted top five properties after looking at virtual tours and several other handy tools. Walk around prospective neighborhoods together and check out the local parks and restaurants. If you are shopping from out-of-state and only have a short visit to see homes, think about staying at a local bed-and-breakfast instead of a generic hotel to make your trip a little more fun. Buying your first home together is a big milestone! Have fun!

 

 

 

 

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