If You're Planning on Buying Next Year Email

That Marketing Blueprint: November

H.O.M.E.S. Marketing: Email

5 Things to Do Now if you plan on Buying Next Year

If you’re planning on buying a home next year, now is the perfect time to start preparing. By taking the right steps now, you can put yourself in a better position to find the perfect home and secure financing when the time comes. Here are five things you should do if you plan on buying next year:

  1. Check Your Credit Score

Your credit score plays a critical role in your ability to secure financing for a home purchase. Before you start looking at homes, check your credit score and report. If your score is low, take steps to improve it. This could include paying off outstanding debts, disputing errors on your report, or even seeking professional credit counseling.

  1. Save for a Down Payment

While it’s possible to get financing with a small down payment, having more money upfront can give you a better interest rate and lower your monthly mortgage payments. Start saving for a down payment as early as possible. Set a goal and create a budget to help you save enough money.

  1. Make a list of needs and wants. 

Before you start looking at homes, make a list of the features you absolutely need in a home (e.g. number of bedrooms, location, yard) and the features you would like to have but aren’t essential (e.g. a swimming pool, a large garage, a fireplace). This can help you prioritize your search and ensure that you find a home that meets your needs without overspending on unnecessary features.

  1. Find a Real Estate Agent

A good real estate agent can be a valuable asset when buying a home. They can help you find properties that meet your needs and budget, negotiate with sellers, and guide you through the entire buying process. Start looking for an agent now so you have time to find the right fit.

  1. Talk with a Lender 

Talking with a lender before you start looking at homes can give you a better idea of how much house you can afford and what your financing options are. A lender can help you understand the different types of mortgages available, as well as their requirements and benefits. They can also give you an estimate of how much you could be approved for based on your income, credit score, and other factors. By talking with a lender early on, you can avoid falling in love with a home that is outside of your budget, and can also make a stronger offer when you do find the right home.

Regardless of your timeline, if you plan on buying a home next year, it’s important to start preparing now. By preparing now, you can put yourself in a better position to find and buy your dream home when it is time to start your search.