2018 can be the year of realizing your family’s dream of purchasing the home you’ve always envisioned. With a little bit of planning, you can make your dreams a reality, and you will be ready when it comes time to find the perfect home this year. 

Keep up with your credit score

Knowing and tracking your credit score ensures you’re ready to secure a home loan when the time comes. Keep an eye on potential frauds and research ways you can improve your current score in the upcoming year. Awareness is the key to managing any unforeseen credit issues that may affect your ability to purchase the home you want. 

Find the lender that fits and secure a loan

Do your research to find a lender before you start your home search. Ask friends, talk with your bank,  ask your real estate agent, and read reviews online. Once you find a lender, determine just how much money you’ll have to work with when embarking on a home search. By securing a home loan, you can confidently begin your search. 

Know interest rates

Don’t let interest rates be a mystery. Keep an eye on interest rates and arm yourself with knowledge before starting the home buying process.  Mortgage interest rates are predicted to increase in 2018, as the Federal Reserve is expected to increase rates four times in the coming year. Buying sooner than later may be in your favor. It doesn’t hurt to mention again that your credit score will affect your interest rates. So, keep an eye on your credit in the upcoming year as you prepare to buy. 

Become acquainted with your ideal neighborhood

Get to know the areas you’re interested in. Research local schools if applicable and amenities you’ll need. Get a feel for the area by visiting local restaurants and shops to see if you’ll love the area before taking the plunge. You might even discover a hidden gem neighborhood that you’ve never considered by doing a bit of research.  Work with a real estate agent who is an expert in the area to become better acquainted with the ins and outs of each neighborhood.

Start saving for incidentals

There are lots of expenses involved in purchasing a new home. You can be proactive by saving more money than you think you’ll need now. Start setting aside extra money in a special savings account specifically for your upcoming home purchase. You can also reevaluate your family’s spending habits to cut back in areas that cost you too much money. By putting those saved dollars directly into savings, you’ll be able to save without skipping a beat. 

Find the perfect agent for your needs

The best preparation for home buying is finding the perfect agent. Here at The BCHome Team we know we can pair you with the home you’ve always wanted. Having a great agent is the most important component of your home search. By finding an experienced and knowledgeable agent, you are more likely to find the right home. An outstanding agent will help you navigate the ins and outs of home buying. Call us today to see if we can help you buy the home of your family’s dreams!