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Buying a new home can be a lot of fun and also challenging, especially if you have a short time frame to purchase or if you’re buying in another city or another country. We are here to make the process easier and put your needs first.

Follow these tips to help ease the home buying experience and get you into your new home, faster.

Know Your Budget:

If you’re moving to another town, city, or country, create a new budget that takes into account your new wage and the cost of living in your new location. Think about how much your current home will sell for and whether you can afford to take on a larger loan.Things to consider in your budget:

  • Mortgage payment
  • Insurance
  • Taxes
  • Utilities
  • Moving costs
  • Relocation expenses

Secure a Mortgage Lender BEFORE You Start Looking:

While this may be considered common sense, some people get excited about looking for a new home and forget the first step which is to get pre-qualified for a mortgage. Once you have your pre-qualification letter completed, then you will know your budget. This letter shows the realtor and the seller that you are serious about purchasing a home and are qualified to do so. First Option can provide you with a pre-qualification letter that outlines the amount of the home you can afford, and it’s free! Get started today on your pre-approval process.

Make a List of Features:

Have everyone in your family make a list of the features they would love in their new home, and then have each person rank their priorities highest to lowest. This will give you a better idea of your needs and will involve everyone in the decision making process. Give this list to your real estate agent so they can find the perfect home for you and your family.

Know the Neighborhood:

Once you’ve got your budget and the type of house you’re looking for, study the neighborhoods in the local area where you are moving. Identify what is important to your family: a quiet street, close to public transportation, the school districts, large plots, etc. This is where you may have to compromise some of your wish list in order to get in the right neighborhood for your family. Something to consider: you can always make modifications to the house, you can’t change where it’s located.

Secure a Real Estate Agent:

Having a local represent your interests is critical and helps to narrow down possibilities. They will also handle all the paperwork and maximize your investment. First Option Mortgage can help connect you with preferred Realtor partners in our local markets to ease the decision making process.

Create a List of Questions:

Before checking out properties, make a list of key questions you need answers to, including both features and information about the house. It’s easy to get excited about the home search process and forget the important things to ask:

  • Type of heating and cooling
  • Age of furnace
  • How old is the roof and what type is it
  • Type of pipes
  • Has there been any infestations
  • Cost of utilities, ask for actual bills from the utility companies

It’s also a good idea to view the property at different times of the day and evening.

Your willingness to accommodate our schedules and continuously keeping us informed of where we were in the process was outstanding.
The Patenas