Are you wanting to buy a home in 2017? Is it one of your goals for the coming year? Here are a few ways you can prepare to reach this goal.
Decide now what you want and what you need to do to get there.
What do you want with your new home? Where do you want it to be, and how much can you afford? You’ll want to look through these things now before you jump into house hunting. Decide how much of a down payment you want to have ready (20% is ideal) and how long it’s going to take to get there. Click here to see some tips on figuring out how much home you can afford. Thinking about finances ahead of time will save you a lot of time and stress later.
Make a basic list of what you’re wanting in a home so that you can be ready to look at homes A.S.A.P. Click here to see some house hunting tips.
Check out these homes for sale in Gilbert and Mesa listed under $175,000!
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Redo your budget.
As you start saving for a home, remember that you won’t just have the down payment. You’ll also have closing costs, fees, moving costs, and other miscellaneous expenses. Start a tight budget to save up for all of these costs. Live a little leaner now so that you can enjoy your new home without all the extra financial stress. It will be worth it!
Click here to see some of Trulia’s tips on finances with buying a home.
Housing market in 2017.
The housing market is looking up for 2017, especially in Phoenix. Although mortgage rates are slowly rising, the housing market is still growing. Realtor.com forecasts the Phoenix area to be one of the top markets in the U.S. this coming year.
Thanks to the relatively low-cost of living and the numerous suburban communities, the Phoenix Valley is likely to see a growth.
Because of this, if possible, you’ll want to get into the housing market early on to lock in a better rate and get a good chance at the inventory. When you’re ready to buy a home in 2017, CALL/TEXT us. We’ll help you find the home of your dreams in your ideal price range! 480-373-8755.
If you want to learn about some financing options, or if you’re looking to get pre-qualified, contact Parker Turk at Sun American Mortgage Company: 602-616-3774.