If you are looking to purchase a home, chances are you have a million (or more) thoughts running through your head.  After all, it is one of the biggest financial decisions you will make in your lifetime.  With all of the information you have to decipher, it can be easy for first-time homebuyers to overlook certain things when trying to find the perfect home.  Lucky for you, you aren’t the first person to be going through the home buying process.  Countless first-time home buyers have finished the home buying experience and said to themselves, “I wish I would have known…” or “I wish someone would have told me…”  So to save you a bit of stress, take some time and make sure you take into account the following before signing those papers!

  1. Set your priorities

It is important to make sure you are going to be happy with the home, obviously.   But, there are going to be some compromises you will have to make along the way.  Making a list of what is most important in a house is imperative.  Qualities may include; location, space, commute, etc. Once you know what is most important, you can begin searching for a home that best suits your individual needs.

  1. Do your homework

Knowing what to expect during the home buying process is a good idea.  This way you will have limited surprises and unexpected occurrences to throw you off track.  There is plenty of literature available to help first-time home buyers to guide you along your journey.

  1. Down Payments can help A LOT

It is possible to buy a home with no down payment required, but there are key advantages that can come with putting money down up front.  You can get better overall rates and have smaller mortgage payments that will help in the long run. 

  1. There is no rush

Taking your time with the whole home buying process is important.  You should never settle for a house that isn’t going to make you happy.  It is going to be the place you come home to every day, so don’t feel pressured into making hasty decisions.  When you find that perfect house you will know it’s the time to take action!