Let’s be honest: some of you probably shouldn’t buy a home right now. ![😬](https://static.xx.fbcdn.net/images/emoji.php/v9/tbf/1/16/1f62c.png)
![😬](https://static.xx.fbcdn.net/images/emoji.php/v9/tbf/1/16/1f62c.png)
But that doesn’t mean that you should NEVER buy a home.
Here’s what you can do to prepare to buy a home so you can jump into real estate
when you’re ready!
![🏡](https://static.xx.fbcdn.net/images/emoji.php/v9/t77/1/16/1f3e1.png)
1. Increase your credit score: Your credit score is a big component of your eventual mortgage approval and interest rate. The higher, the better! Start checking your credit score monthly to make sure it’s on the right track.
2. Build your down payment fund: While you only need 3.5% (or less) to buy a home, having some extra funds for furniture and repairs can make the transition to being a homeowner easier.
3. Pay off debts: Not only will this boost your credit score, but it will also decrease your debt-to-income ratio, which means you may get approved for a larger mortgage.
4. Decide what you want from a home and where you want to live: If you’re not ready to settle down yet, don’t sweat it. Instead, use this time to figure out what you want in a home and which neighborhoods you’re interested in.
5. Get educated about real estate and the homebuying process: Your agent will guide you every step of the way, but knowing more about the process will make you feel more at ease and confident as you buy a home.
We know the importance of understanding the process and buying when the time is RIGHT FOR YOU!!