10 Steps to Buying a Home
Step 1 | Figure Out What You Can Afford
Determine what you'll be able to afford in mortgage payments each month, as well as what you can invest initially as a down payment. This handy mortgage calculator can help you estimate your monthly payments.
Keep in mind additional costs like closing costs, fees, homeowners insurance, and taxes will all add to the overall costs. Be sure to check your credit score, and remember that just because you don't have a traditional 20% down payment doesn't mean you can't buy a home!
Step 2 | Shop for a Loan and Get Preapproved
Finding a trustworthy lender and determining what type of loan you'll qualify for will help you figure out how much home you can actually afford. Get recommendations, check with the Better Business Bureau, and be sure to talk to at least three or four lenders before making a decision.
Need recommendations for lenders in Kitsap?Just ask us!
Step 3 | Determine the Selling Price of Homes in Your Location
Step 4 | Find an Agent
You don’t have to work with an agent—but it is extremely recommended unless you are a highly experienced buyer or lawyer. Your agent should be someone you know you can trust, an expert on real estate in your area and neighborhood, and very proficient in working with buyers of your experience.
Looking for an agent in Kitsap? Find out more about our experience and how we can help you buy a home!