Purchasing a home is one of the best things you can ever do to yourself, especially when making investments. It can be an exciting process yet emotional too. However, you need to be fully committed once you decide to buy a home. Before you decide on whether you should buy a home or not, you need to explore the process of buying a home and understand the ins and outs.

Is now a good time to purchase a home?
Buying a home is all the rage this year. More and more people are purchasing homes because mortgage rates are lower than ever. The demands in the housing market aren’t slowing down at all despite the situation the world is facing right now. In fact, many people are leaving the urban cities to have cheaper homes in the suburbs – affordable, spacious and a great place to live.

So, the question remains, “Is it a good time to purchase a home now”? Yes and no. While there are many reasons to purchase a home now due to lower mortgage rates above all things, it still depends on you and your financial status.

When considering buying a home, make sure you consider your financial situation by assessing if your job is secure, budget for home repairs and maintenance aside from the monthly home payment. Before anything else, here is a how-to guide for you when buying a home in 2021:

  • Check your credit score
  • Make sure you are not tied to a lease
  • Figure out how much you can afford
  • Save for the down payment
  • Have a consistent stream of income
  • Shop for a mortgage
  • Hire a real estate agent
  • See multiple homes
  • Make an offer
  • Get an Inspection and Appraisal
  • Secure your Financing first
  • Do a final walkthrough

Once everything is set up, close on your house. This is the final step where the lender will issue a “clear to close” status on your loan. Once all the paper works are done, the house is now yours – time to move in and start making your home.

Buying a home in 2021 involves many complex processes, but this how-to do guide will help you navigate the whole process smoothly. When you do your homework in advance, you will feel confident about your decision and get your dream house earlier! Just remember we are here for you at Michael Gailliot Homes. If you’re interested in buying a home in the Northern Virginia area, contact us!

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©2019 BRIGHT, All Right Reserved. Information deemed rele but not guaranteed. The data relating to real estate for sale o this website appears in part through the BRIGHT internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokage firms in which Century 21 New Millennium participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Century 21 New Millennium are marked with the IDX logo and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties wich appear for sale on this website may no longer be available becuase they are under contract, have Close or are no longer beingt offered for sale. Some real estate firms do not participate in IDX and thier listings do not appear on this website.Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated on 2019-06-07.