Deciding to be a first-time homebuyer can be a huge decision. Don’t worry, that wasn’t meant to freak you out — there are many resources to help guide you in your journey. If you partner with a trusted real estate advisor (hello there!) and we hone your strategy, you can successfully navigate today’s market and find the home you’re looking for. Virtual high five!
Let’s revisit the decision you have made to become a homebuyer. Congrats by the way! If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold (we’re in this together, remember?). Here are some of the best options for first-time homebuyers to get you started!
Work with a Professional To Prioritize Your Wish List
I’ve made it clear before that I love lists! When looking for a home wish lists in particular are wonderful — be sure to download my checklist for homebuyers to get you started. If you have completed your wish list and are still having trouble finding a home in your budget, it may be worth taking another look at what you want and what you really need. Yes, separating the want from the need can be difficult, but I promise it will be worth it!
When it comes down to it, It’s all about prioritization. Being flexible in what you’re looking for can open up your options. When you partner with someone like moi you can better understand what’s available in today’s market and re-prioritize your wish list. There may be a few things that you can add to your home in the future — like that fantastic enclosed porch you have always dreamed of. Remember, making a concession now doesn’t mean you’ll never have everything on your list.
Increase Your Search Radius To Consider More Locations
Location, location, location. While this used to be an absolute, with changes in metro areas and in the way we work, you may find you have more options than you originally thought. Awesome, right? Some areas may have more homes within your target price range than others, but it may require you to be flexible on your location. Remote worker? Depending on connectability (internet access is a need in this case), you may be able to live farther out in a more affordable area.
The decision to search in places with a lower cost of living could help you find a home that fits your budget and checks the most boxes off your wish list. And we know how satisfying it is to check those boxes!
The best options for first-time homebuyers may require you to revisit your wish list and expand your desired location. Let’s connect to explore all the options in our local market – and beyond – so you can achieve your homeownership dreams.