If you have a goal of purchasing a home in 2019, what are the three things you can start doing right now to get ready to purchase that new home? Do you have a goal of purchasing your first home, upgrading your current home, buying a second home or an investment property? These tips will help you turn your goal of purchasing a new home into a reality.
Tip 1: Start Working With Your Lender Early
The sooner you start working with a lender, the sooner you’ll know. If there are any issues that may pop up.
You may be thinking right now you don’t have money for the down payment or that you have issues with your credit or you may be thinking, “I’m self- employed and I don’t have enough income right now.”
Whatever your personal situation may be information gives you power and choices. There may be down payment assistance programs available or bank statement loan programs if you’re self-employed. Start working with a lender early in the process to find out the facts are regarding your personal situation.
Tip 2: Strategize With Your REALTOR©
Your realtor can show you how to leverage your existing property to buy a second home or to buy an investment property.
Depending on your personal goals turning your current home into a rental and upgrading your primary residence might make the most sense or leveraging the equity in your current home to purchase a second home or an investment property might be an option for you.
There are lots of options and strategizing with your realtor will help you make that dream of purchasing a new home or reality.
Tip 3: Do Your Research
Do your research. Whether it’s watching our monthly real estate market trends videos or setting up a free home search and listing alerts, you can start to see the price points and types of homes available to get acquainted with different neighborhoods.
Begin to determine your needs versus wants for example:
- Improvements vs. Need For Improvements
- Style & Design
- Bedrooms & Bathrooms
- Schools, Parks & Playgrounds
- Walkability & Public Transit
Start your research today with our free home search tool.
As you’re a real estate consultant and concierge, I’m happy to answer any questions that you have there. No question is too big or too small.
If you’re interested in leveraging your current home to purchase your next home or curious which neighborhoods in the Greater Denver Area might best fit your budget then give us a call at 720.819.6289.