If you are a first time home buyer in Las Vegas. Then you need to know these 5 essential things to consider when you decide to purchase your first home. I know buying your very first home can be a little bit intimidation, and overwhelming, but if you are on this blog. Then you can rest assured you have found the right place.
1. Start Saving:
There are a bunch of cost when it comes to buying your first home, and some of these things you might of never considered. So I recommend that you start saving as soon as you can.
Two obvious reason to save is the fact that you usually will need to pay for down payment, and closing cost. Of course this varies in every situation, and in some cases you can qualify for a first time home buyer program. But more on that later
Another reason you may should start saving is you will need furniture for your home. Some people forget that once they purchase a home they need to purchase furniture for it. This may seem like common sense, but you would be surprised at the amount of people who forget, and I don't want you to be one of them.
2. Determine How Much Home You Can Afford:
When choosing the right home. It is easy to become blinded by the beauty of a home, and get into a home that is more than you can afford. This is why I recommend finding out how much home you can afford, and how much you can comfortably afford to spend each month.
This is something I can easily help you figure out during our first no obligation meeting. My goal is to get you into your dream home while being able to live a comfortable lifestyle as well!
3. Check Your Credit:
Having a good credit score will help you easily get approved for the mortgage loan when we are at that step of the process. So it's important to check your credit score, and be aware of where you are currently sitting. This will allow you to have minimal issues, and speed bumps during the purchasing process.
Also don't be scared if your credit is far from perfect. I am able to help you even if you do have challenged credit.
4. Avoid Any New Lines Of Credit:
You will also want to avoid opening any new lines of credit when buying your first home. Any time you open a new credit account the lender usually runs a hard inquiry, and this can temporary ding your credit score. So it is wise to stay away from opening any new credit lines during the home buying process.
5. Explore Down Payment Options:
As a first time home buyer in las vegas. You have different options available when it comes to first time home buyer programs. So of these programs can assist you with your down payment. It is wise to find all the options, and programs you qualify for. This can easily be done when we get together. I work with very experience lenders, and they will be more than happy to find what programs you qualify for, and answer any questions you may have.
Once again my name is Chris Quiazon, and If you are ready to purchase your first home. I recommend clicking the link below to get my first time home buyers handbook. This handbook will walk you through the 7 simple steps of the home buying process
Or if you are in a hurry. You can always give me a call or text at 702-235-7413