Cherry Creek Mortgage
First Time Homebuyer 01 August 2018

First-Time Home Buyer

When it comes to home buying, first timers may think that the process is harder to achieve than it really is. In reality, and with the right team, the process is fairly simple. To reinforce this simplicity, we’re offering home buying tips for first-time home buyers and millennials!

To understand and have a comprehensive grasp on your finances should be your initial focus. Although if you find this to be difficult to do on your own, your realtor and loan officer can assist you and help you to understand in a way that makes you feel confident in your financial standing. Therefore, our first tip would be to find a team whom you feel you can trust.

Following this, don’t allow the finances to intimidate you. Buying a home can be made very doable. If you have challenged in the past whether or not owning a home is feasible for you, your loan officer is likely able to find a route available which you did not previously recognize. While there are costs upfront, the homes appreciation over time will significantly increase your equity making it pay off in the long run. Educating yourself and defining your goals will help to establish what you are wanting to achieve through owning a home not only to your team, but to yourself as well.

Our last two pieces of advice to offer are to practice your poker face and be proactive with home repairs. If you show up and are too excited or uneducated in the market, this could be a costly disadvantage. Additionally, not being proactive with damage in the home could wind up costing you far more in the future if it worsens.

Your home will prove it’s worth to you as it appreciates and as you are able to enjoy it more and more, so get in touch with a trusted loan officer and realtor today to make it possible.