3 Steps To Finding Your Dream Home - Money Tip Tuesday

Finding the right home can be a challenge. If you’re preparing to embark on the homebuyers’ journey, there are three things you can do to give yourself the best chance of finding and buying the home of your dreams.  

Links:

• View our current mortgage rates
• Get in touch with one of our Mortgage Originators
• Learn more with our Securing Financing for Your New Home article 
• Listen to our other conversations with industry professionals about closing costs and home inspections
• Sign to attend one of our upcoming homebuying webinars or watch on our YouTube channel
• Follow our Facebook, Instagram and Twitter pages!
• Learn more about Triangle Credit Union

Transcript:

Welcome to Money Tip Tuesday from the Making Money Personal podcast.  

When it comes to your first home search, if you have the right plan in place, there’s no reason that you shouldn’t be able to enjoy the home buying process with all the excitements and challenges it can bring.  

With these three steps, you’ll have a great strategy and plan for when you’re ready to make your move.  

Follow these three steps to find your dream home. 

1. The first one is to Form Your Team  

Deciding who is on your team goes deeper than just your lender and your real estate agent. When forming your team, you need to consider everything that is part of the home-owning process that might be more than just who ends up on the deed.   

This could be a family member who is involved in construction that will end up helping you with tasks around the house. This could also be someone nearby who you will use for childcare occasionally. It’s important to bring these people into the conversations around the home you’re buying as they will be involved in certain aspects of the house.   

Having meaningful conversations with your team allows you to gain a new perspective about the location and condition of the homes you’re looking at so you can make an informed decision on such a huge purchase. If you choose to purchase a fixer-upper, you will need to make sure you have the expertise to DIY the updates or have the funds to pay someone to help. These conversations will get everyone involved on the same page moving forward.   

1. The second is to Secure your Financing  

Looking at homes before you’ve secured financing is a dangerous game because you wouldn’t want to fall in love with a house you can’t afford.   

Securing financing can be as simple as walking into your nearest Triangle Credit Union branch and sitting down with one of our mortgage originators to discuss your options.   

Triangle’s Mortgage Originators will walk you through the process and connect with your realtor, or work with your existing realtor, to make sure you can get financing to purchase your dream home.   

For more information, read our blog post Securing Financing for Your New Home where we discuss the process and list the documents you will need to get pre-approved.   

1. The third is to Find Your Realtor, Find Your Home  

We’ve all been on various real estate websites searching for our dream homes. We flip through photo after photo and imagine what our lives would look like if we purchased that home, but did you know that there is an easier way to find a home?   

Realtors have direct access to listings before houses even hit the market so when you work with a realtor, they will be able to filter through properties you will be interested in and have you tour the home before those who use the apps even see it.   

This can take some of the stress of home-buying off you and allow you to enjoy the home-buying process, especially if you are a first-time homebuyer.   

Finding your dream home should be an exciting experience, not a stressful one. We hope these steps will put you at ease if you are in the home-buying process or getting ready to start. Do you have other first-time home buying questions? Attend one of our First Time Homebuyer Webinars to learn more information and to have your questions answered by the experts or watch one of our recorded webinars on our YouTube channel.  

If there are any other tips or topics, you’d like us to cover, let us know at tcupodcast@trianglecu.org.  Like and follow our Making Money Personal FB and IG page and look for our sponsor, Triangle Credit Union on social media to share your thoughts.  

Thanks for listening to today’s Money Tip Tuesday and be sure to check out our other tips and episodes on the Making Money Personal podcast.  

Have a great day!