Buying a house can seem like a daunting task, but it doesn’t have to be. The key is to be equipped with knowledge and be readily prepared. First-time buyers might not realize the scope of the home buying process, but at Stanley Martin Homes, we want to assist our customers in any way we can. Here are a few tips to help you begin your journey to owning a home:
The best place to start is by doing the research. Any question you could have, another first-time buyer has most likely already asked. Search through real estate and finance blogs to find some of the answers you are looking for and get more comfortable with real estate terminology before you officially begin.
Next, you need to know your budget. This is such an important concept that many buyers fail to acknowledge when first starting. It is much more beneficial to know what price range you qualify for at the beginning of your journey. Being comfortable with your monthly investment will be much more enjoyable and stress-free!
The best way to know how much you can afford is to get a pre-qualification for a mortgage loan. Begin this process by contacting a loan officer at First Heritage Mortgage, the preferred lender of Stanley Martin Homes. They will ask a series of questions that will help determine the best mortgage program for you. This process includes completing an application and supplying the necessary documents such as bank statements and work documents, so make sure to have those handy.
Once you are pre-qualified, you will have a better understanding of the homes available for you. Preparation is key when you are buying your new home! The expert team at Stanley Martin Homes is here to assist you every step of the way, from construction to lending to closing. Before you know it, you will be relaxing in your brand new home!