Stuart Real Estate First Time Home Buyers

You’ve decided to buy your own piece of Stuart real estate. This year is the year and you’ve set your sights on one of those homes for sale in Stuart. If this is where you find yourself, then get a jumpstart with these 4 steps that will you prepare for your next big adventure – homeownership!

  1. Get your Financials in Order

Before you start searching Stuart real estate, you need to know what you can reasonably afford. Too many home buyers start their search for a home by looking through internet listings and walking through open houses before they even know if they can afford these homes.

Knowing your financial standing is truly the first step. You will need to know for certain how much you earn and spend every month. Do not estimate. Get a real number by going over your statements and bank accounts so you have a realistic number on just how much money you can invest.

You also need to know how much money you have to use as a down payment. Again, not an estimate but the actual amount of money you are ready to sign over for the perfect Stuart real estate.

Other important financials you will need to get on paper are:

  • Assets and liabilities
  • Amount of debt (credit cards, car payments, student loans, etc.)
  • How much you can afford for a monthly house payment

As you are going through this process, set up a folder or notebook where you can store all this information that your mortgage lender will need when they actually put pen to paper in getting you a loan. Some items you will need to have on hand are:

  • 2 years of tax returns
  • 3 months of pay stubs
  • 3 months of statements on your checking, savings, investment and retirement accounts
  1. Get Preapproved
    Now that you’ve got your numbers in order, why not take the next step and get yourself preapproved for a mortgage? This will work to your benefit if a home seller has multiple offers on the table. With your financials already to go, it shows them you are serious and the deal will not fall through.

Preapproval essential tells sellers that the bank has assessed your credit, examined your financial records, and is ready to offer you a loan for the outlined amount.

  1. Learn the Port St. Lucie Real Estate Market
    Now that you know how much you can afford to buy, start looking! The Internet is a great starting place. You will see just how much and where you can buy Port St. Lucie homes for sale.

Berkshire Hathaway HomeServices Florida Realty will let you put in the amount of money and other specifics you may want to search the area for properties that meet your criteria. Read through listings, look through photographs, and even take virtual tours of homes. This will give you an idea of what is out there and in which communities and neighborhoods.

  1. Find a Port St. Lucie Real Estate Professional

You may have heard that you don’t need a realtor to buy Stuart real estate and that is true. But if you want to find a property that suits your needs at the best price and location, then enlisting the help of a real estate professional is worth your time and money. Real estate is their profession and if you engage with a Berkshire Hathaway HomeServices Florida Realty realtor, you are sure to have an experienced and knowledgeable realtor on your side.

Florida Realty News
Florida Realty News
Berkshire Hathaway HomeServices Florida Realty, a wholly-owned subsidiary of WCI Communities, has over 39 locations and more than 1,650 real estate sales professionals and team members serving 17 counties throughout Florida.
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