Many brides who are busy planning their weddings, are also taking on the task of house hunting! This is an exciting time as you’re preparing for two major life changes! If you and your soon to be spouse are first time home buyers; it can seem as though you’re taking on an overwhelming task.You’re finding yourself amidst a sea of details and your head is swimming with choices. From your premiere Salt Lake City wedding venue and food choices, to how many bedrooms you want in your home and what Salt Lake City neighborhood to choose, and it feels like you can’t keep it all organized! The best thing to do when you begin to feel the pressure of the time crunch, is to take a deep breath and trust that it will all come together.
Being in the wedding business, we want to provide you with, not only one of the premiere venues in Salt Lake City, but tips that will help make the entire wedding, and life change, go as smoothly as possible! To make your task a little easier; we’ve pulled together the top ten tips for first time home buyers.
1. Check Your Credit Score- Lenders will put a lot of weight on your credit score, so you want to make sure to have your credit in order. They will determine how much you qualify for in a mortgage based heavily on your credit.
2. Set Your Housing Budget- Have a clear understanding of your budget each month, and do not spend more than 30% of your gross monthly income on your Salt Lake City home. This includes your interest, principal, homeowners insurance and taxes. You don’t want to put yourself in a financial bind that you are constantly struggling to maintain each month.
3. Start Saving and Stop Spending- Begin to save the difference between your monthly rent now and what you plan on your monthly mortgage being. This will prepare you for what the monthly payments will look like once you move into your home and help you make any needed lifestyle adjustments now.
4. Narrow Your Priorities- You’ll want to make two separate lists based on your needs and wants. Your needs should be those things you absolutely need in your home. Your wants will be those items that you would prefer, but are willing to compromise on. Narrowing down and sorting out your needs and wants will help immensely when searching for a home. You’ll have a clear picture on what you are willing to compromise on, since you will most likely not find a home that has absolutely everything you would like. Know when to give and when to stand firm. You’ll quickly narrow down your home search this way!
5. Find a Reputable Salt Lake City Real Estate Agent- You’ll want to find a real estate agent who has experience in Salt Lake City’s Real Estate market. An agent who has years of experience in the area will be a great asset in helping you find a neighborhood and home that best fits your needs and lifestyle.
6. Meet with a Lender- It is easy to want to begin searching online for your home, but without a sense of how much you qualify for; it’s easy to waste time looking at homes you might not be able to afford. Meet with a lender before you begin looking at homes and get pre-qualified. You’ll be able to search more effectively online and when you begin working with a Salt Lake City Real Estate agent to find a home.7. Choose a Neighborhood- We feel that any you can’t go wrong in any Salt Lake City neighborhood that you choose! However, we also understand that each neighborhood does have a unique atmosphere and things to offer, so you’ll want to find the neighborhood that suits you the best.
8. Make a Reasonable Offer- Your Salt Lake City Real Estate agent will be able to give you a list of comparable homes in the area, and can help you determine an offer that is fair for the market. They will also make sure that you are being dealt with fairly as a first time home buyer.
9. Have a Home Inspection- This is very important! Even if the home looks perfect inside and out; there is no way of knowing what issues there may be without a home inspection. You don’t want to buy a home only to find that it needs the roof replaced or there is water damage. Having the home thoroughly inspected allows you to know exactly what you can expect in the home you buy.
10. Finalize the Details- Once the contract is signed; you’ll still want to stay in touch with your agent and lender. There are always last minute finalizations that need to be made.
We hope these tips help you prepare for the home buying process! If you are searching for a Salt Lake City Real Estate agent; we recommend local agent Cindy Wood. View her website, www.CindyWoodRealty.com for more information or to get started with your Salt Lake City home search!
If you have not yet found a venue for your special day; we’d love for you to consider The Woods on Ninth! Our venue offers a beautiful setting, excellent menu and personalized attention. We would be happy to help you create the custom wedding that you desire! Please feel free to contact us today to get started!
The Woods on Ninth
Premier Wedding Reception Venue in Salt Lake City
Visit Our Website
View Our Pictures
Find Us on Facebook
Follow Us on Twitter
No comments:
Post a Comment