Fall in Love on Valentine’s Day


Valentine’s Day is a time for love and embarking on firsts. First dates, first kisses and sometimes, first homes. While many newlyweds and first time home buyers can get caught up in the emotion of buying a home, it’s important to not let emotion guide you completely. Here are some great tips that every newlywed and first time home buyer should know. 

1. Know your credit score.  There are plenty of free ways to find your credit score like CreditKarma.com. You can also get one free copy per year from the three credit bureaus – Experian, Equifax and TransUnion. Take advantage of this so there are no surprises when you start your lender search.

2. Save for a down payment and closing costs. Consider the price range that you are looking at and save for both the down payment and closing costs. Down payments usually range from 3% – 20% depending on the type of mortgage loan you apply for. 

3. Get Prequalified. A prequalification indicates that you are a serious buyer and that you have the ability to obtain the necessary financing to purchase the home. This will also help you navigate what you can afford. 

4. Make a list of what you need in a home. It helps to create a list of what your future home must have. Many families need to be in a certain school district, some need a first floor master, everyone’s needs differ. Make sure you and your partner are on the same page when it comes to must-haves for your future home. However, make sure to only list what is absolutely essential. It’s important to differentiate what you need and what you want in a home. 

5. Hire an agent. A good agent will help you with every aspect of the transaction. From searching the MLS to negotiating an offer, they are there to help guide you through the entire process. 

  • Feel the love this season! Fall in love with a home! These tips will make your romance with real estate thrive. Need a matchmaker, call the team who loves putting people together with the perfect home, The Jennifer Hollister Group!