Ready to Buy a House?
Buying a new home can be an extremely satisfying experience when you plan ahead. If you wait until the last minute to review your resources, you may run into an unpleasant surprise. The excitement builds as the countdown to closing day commences, and Live Love Louisville Homes wants you to have everything in place for the celebration. We thought it might be helpful to share with you three signs that indicate when you’re ready to buy a home. Enjoy!
Stability – You’re ready if you are planning to live here for the next three to five years, unless of course you win the lotto, amazing job offer, become the star of your own reality show, YouTube/Internet sensation, (insert yours here). If you DO become an internet celebrity, please give Live Love Louisville Homes a shout out as one of your favs!
Credit Score – You’re ready if your credit score is around 620 or higher. Generally speaking, the lower the credit score the more cash you may have to come up with. Even if your credit score isn’t up to par, there are programs and/or companies like National Credit Federation that can help you get your score where it needs to be. Make sure to ask a reputable Realtor or lender for their recommendations.
Cash Money $– You’re ready if you can afford the out of pocket expense. There is no such thing as a free lunch. Buying a home will cost money. Yes, it is true that ‘no money down’ loans do exist, and there are also different ways to help offset the costs, but there will be items that you will have to come out of pocket and pay. Some of these expenses will be covered in a future post, so stay tuned!
Until then …
For all of your real estate needs,
Call Live Love Louisville Homes at 502-819-2211 !!
If you’ve read the signs and you are ready, we’re here to be your guide.