Okay, the time has finally come for you to upgrade your living space. You have been actively thinking about taking the first steps towards owning your first home–congratulations! But where do you start, what can you afford, what’s a good interest rate and what’s the difference between a 10, 15, and 30-year mortgage?
You’ve got all these questions swirling in your head and it’s keeping you up at night. Buying a home can be very overwhelming for anyone, not to mention first-time buyers. There are so many steps in the process that most people aren’t educated on when embarking on this arduous journey.
By your 3rd or 4th open house, you might be feeling completely drained. In many cities like the San Francisco Bay Area, the process of house hunting can take up to 2 years, and housing typically sells for well over asking price.
You can avoid those overwhelming moments of absolute frustration with these expert tips on home buying. Take a deep breathe, go at your own pace, and speak to a financial advisor about what you can actually afford.
Be prepared going into your first bid and it will make finding a home for you and your growing family that much more successful. Happy house hunting!