6 Things to Do Before Buying a House

Purchasing a home is exciting. It is a big undertaking and shouldn’t be entered into lightly. It should be smooth and stress free from start to finish. It is wise to do some homework beforehand and prepare for the big purchase.

Before you start your home search, you’ll need to get a few things in order

  1. Review your credit report to make sure there is no errors.
  2. Make sure you have at least three trade-lines and make payment on time to bring the credit score up. A good credit score makes it easier to qualify for a mortgage and get the lowest rates
    Leave old trade-lines open and avoid opening new trade-lines. Opening new trade-lines six months away from applying for mortgage can temporarily lower the credit score.
  3. Write down “Must Have” and “Deal Breaker” checklistFor example: 2 ½ bathroom and a garage can be on the “Must Have” check list. A home in a high-risk flood zone can be on the “Deal Breaker” checklist
  4. Buy less than what you can afford.
  5. It would be wise to have 20% down payment and a 10% buffer in savings. The mortgage amount should be less than 30 percent of your total household gross income.
  6. Take your time
    Take your time shopping around for this major purchase until you find the home that you’ll love living in for years to come.


7 thoughts on “6 Things to Do Before Buying a House

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  2. I agree with you in that it is always a good idea to take your time shopping around when trying to buy a house. It is important to remember that doing this can help o compare several properties and look for one that can suit your needs properly. Personally, I would want to find a good agent who can help me with this search and find a house that is conveniently located for my needs.

  3. My husband and I want to buy our first house. I’ll have to get everything in order so that we’ll be ready to go. Then we will have to find a realtor in our area. Thanks for the tips.

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