Buying a home for the first time can be both exciting and intimidating. If you are looking for St. Johns County real estate for sale, your search will be an easy one. St. Johns County property has a lot to offer first time home buyer. Thus, the only problem you may have is deciding which house to buy because there are so many great ones available!
First time home buyers should keep several things in mind however, before going through with the purchase of a home. Below are some tips to help you along the way:
Tip # 1 – Make Sure You Are Financially Ready To Buy And Own A Home
Owning a home comes with a lot of responsibility. It is very important that you have steady income and employment and that you have not been stretching to live beyond your means. You should ensure that you have enough money saved up for a down payment and closing costs, and also enough money set aside as an emergency fund. As far as a down payment goes, many banks are asking for twenty percent of the sale price.
Tip # 2 – Work With A Lender To Find Out What You Can Afford
This is also called getting “pre-qualified”. You will want to talk to a lender about your income and a few other details to determine how much house you can afford to purchase. Only after you have done this should you begin looking at homes for sale in St. Johns County.
Tip # 3 – Find Your Perfect Home
Begin looking at homes for sale within your price range and in neighborhoods that you would want to live in. Do your research on demographics, crime statistics, area schools, and community news. Try not to make a decision in a hurry, it is important that you are happy with your choice in the end.