SEO Key word: Homes for Sale in Killeen
Buying a home for the first time is definitely an exciting experience. It’s one of those life milestones that you spend a lot of time looking forward to and planning for.
But – make no mistake – buying a home can also be incredibly stressful if you’re unprepared. Whether you’re buying your first home or buying your fifth home, there’s a lot of planning involved that can make the whole process seem a bit daunting.
Not to worry – I’ve come up with this handy list of 5 things you should do before you buy a home in Killeen so you can keep stress to a minimum! Check it out:
- Get your ﬁnances in order.
There’s no doubt about it – getting your finances in order will make the process of buying a home much easier. Here’s what you need to do:
- Check your credit.
- Good credit will help you qualify to get the loan you need to buy a house. In fact, you’ll typically need a credit score of 660 or more to get a mortgage.
- And your credit score doesn’t just affect your ability to get a mortgage – it also has an impact on your interest rate. If your credit score is pretty low, you can expect a higher interest rate. On the other hand, if you’ve got great credit, you’ll likely have a lower interest rate.
- Pay off debts.
- It’s a good idea to pay off your debts before you apply for a mortgage because doing so will give you more buying power. However, keep in mind that paying off a lot of debt at once typically reduces your credit score (seems counterintuitive, but it’s true!), so be strategic about your timing.
- If you can’t pay off all of your debts, don’t worry – you’ll still be able to buy a home. You just need to make sure you’re regularly paying your bills on time.
- Save for a down payment.
- When you start looking at homes for sale in Killeen, you’ll need to start saving money so you can afford the down payment for the one you choose. If you have a hard time saving money, try opening a savings account and depositing a percentage of each paycheck into it every month.
- You can also try creating a budget using a simple Excel spreadsheet to keep closer tabs on your personal finances. That way, you can see where you’re spending too much and save that money for your down payment instead!
2. Make sure you want to live in the home for a long time.
- A home is definitely a long-term investment, so when you buy one, you should make sure you’re ready to stay there a long time.
- Think about it – if you want to get a dog, have children, or make another major life change, is the house still an attractive choice that will meet your needs for years to come? If not, you may want to keep looking.
3. Look beyond the listing price of the home.
- Think about it like this: if you buy a house with a pool, you’re going to have to pay someone to maintain that pool regularly. Similarly, if you choose a home with vaulted ceilings, you’ll end up paying more for heating and cooling costs. Consider your home’s features and make sure you are financially able to maintain them.
4. Choose the right home for your family and situation.
There’s a big difference between your dream home and the right home. Yes – it’s easy to get swept up in the emotions of buying your ideal home, but it’s important for you to remain realistic so you don’t end up in a home that isn’t right for you. Here’s how you can make sure the home you’re planning to buy is a good fit:
- Check out the neighborhood.
- When you’re looking at homes for sale in Killeen, scope out the surrounding areas to makes sure they offer everything you need. For example, if you need to be able to go to the grocery store pretty often, you’ll want to make sure you live within a few minutes of one. On the other hand, if you’re a fan of live music and nightlife, you’ll want to make sure you have easy access to those things.
- Don’t forget – if you have kids, you’ll also want to check out the schools in your district to make sure they meet your standards.
- Be realistic about your budget.
- It’s easy to get excited about a home that is too expensive, but try to be realistic and make sure you can easily afford whatever home you choose. Think about it this way – if you live under your means, you’ll have more money to save and/or spend on fun experiences!
- Focus on features.
- Your dream home might be everything you’ve ever wanted, but take the time to consider whether or not it will work for your specific needs. For example, if you have a toddler, you might want to think twice about buying a home with a staircase. While it would still be doable, it would be quite a hassle keeping safety gates at the top and bottom of the stairs at all times. Choose the features that best complement your lifestyle and financial situation.
5. Find a good agent. Partnering with a good agent definitely has its benefits. Here are a few of them:
- Expertise – A good Killeen real estate agent has in-depth knowledge of the area and will understand the local real estate market so you can get the best deal possible.
- Convenience – With a real estate agent, it’s much easier to gain access to view the home you want. Plus, the agent handles all of the tedious phone-calling and appointment-setting for you so you don’t have to!
- Advice – Good real estate agents understand that buying a home can be an emotional experience, so they make sure to offer rational advice whenever possible. This helps their clients avoid making rash, regrettable decisions.
Have you been looking at homes for sale in Killeen and considering working with an experienced real estate agent? If so, I can help! I serve the Killeen and the surrounding areas including Austin, Temple, Copperas Cove, and more.
I’d love to chat about what you’re looking for in a new home. Contact me today by texting or calling 254-258-0777!