Buying a home is not always an easy process for everyone. We’ve gathered the best tips and information you will need to be a home buyer in 2019.

2019 is the Year

According to data from various sources, 2019 is a great year for first-time buyers. This is due to the mean condominiums being built and being listed on the market this year. In addition, plenty of single-family and multi-family homes are being constructed, meaning there are plenty of options opening up regardless of your needs.

Finding Affordability

A big question for first time home buyers if often how much should they invest in a home and what can they truly afford. A great rule of thumb is to take the household income and multiply it by three. If you’re buying a home by yourself and make $50k a year, consider spending around $150k on a home. If you and your spouse make a combined $150k, consider a home for $450k.

Get Pre-Approved

Before purchasing a home, you will need to get a pre-approval letter from a mortgage lender. What this means is that your credit report, your income, and down payment all qualify you for a loan up to a certain amount. Once you do receive this letter from your mortgage lender, you are able to start home hunting.

Find a Great Realtor

Finding a realtor who is knowledgeable about the area you are looking into is imperative. A realtor who knows the ins-and-outs of the area will help you find the best home and particular community that fits your needs, and those of your family. The cost for the agent is already placed in the cost of the home, so it is not a factor you need to consider. Your job is to truly find the community expert. With a great realtor who knows the area, they will help you lead you to your dream home at a great price.