A home is one of your life’s biggest investments, and nothing can be more fulfilling than buying a new house for the first time. Once you purchase a property, you’ll be able to have a comfortable place to stay, start a family, and carve your future. However, starting your home buying journey is the most crucial part. Before you even take the plunge, you must go through critical thinking, financial planning, and decision-making. That way, you can start on the right footing and steer your real estate journey in the right direction.
In this article, we will share three key factors to consider when kicking off your home buying journey.
1. Your home vision and needs
As with any project, it all starts with a vision, which applies to your home buying journey as well. The chances are that you’ve always dreamed of buying a property that you can call home. You might be checking some properties online or drawing some inspiration from real estate sites, and this is where your home vision begins.
First, you must remember to assess your family needs, where you’ll have to consider several factors, such as the location, neighborhood, accessibility, and proximity to work, school, and groceries. With proper planning and decision-making, you can start your home buying journey.
2. Your mortgage options
Another vital consideration is the mortgage option available in the market for you. In most cases, people will seek a home loan from a bank or lending institution to finance their property purchase. The good news is that various mortgages are available in the market, whether conventional or non-conventional loans. While private lenders back conventional loans, unconventional loans are insured by the government, ideal for individuals with a lower-income or less-than-perfect credit. For this reason, it’s a good idea to get a mortgage pre-approval before you start searching for a real estate property.
Here at Desert Heroes Team, our real estate agents in Arizona help military personnel and their families acquire their dream home. We can assist them in getting a mortgage, such as a Veterans Administration (VA) loan specialized for the military, and other options.
3. Your overall budget
Apart from getting a mortgage pre-approval, you have to come in financially prepared and ready. Although you’ll likely seek funding from a bank or lending institution, you still have to pay several fees, such as down payment (depending on the loan), real estate transactions, and closing costs. While it may be financially challenging at first, know that it will pay off in the end. Just be sure to hire a realtor who can help you every step of the way!
At Desert Heroes Team, our team of real estate agents consists of military spouses and military-affiliated agents. We understand the unique challenges faced by members and families of the military community when buying or selling a home. As such, if you’re looking for the right mortgage, such as a VA loan, we’ve got you covered!
At this point, you now know three factors to consider when kicking off your home buying journey—your home vision and needs, mortgage options, and overall budget. It’s best to work with a real estate agent who can assist you in every stage of your real estate journey. Ultimately, you’ll be surprised at how you’ll have a smoother journey in your home buying process!
Are you a military person looking to buy a Luke AFB home? You’ve come to the right place! We’re a team of experienced, licensed real estate agents that will assist military families through their mortgage journey. Get in touch with us today to see how we can help!