Looking ahead and planning to buy a home in 2025? Here’s the good news: you don’t have to do everything at once. Taking a few simple steps now can set you up for success when it’s time to start house hunting in the new year! Whether you’re looking to hit the ground running in January or begin your search in summer, here are three smart moves to take before the end of the year.
Assess Your Financial Health
Before you dive into the home-buying process, take a good look at your finances. Start by creating a budget to see how much home you can realistically afford without stretching yourself too thin. Think beyond just the mortgage payment—factor in property taxes, insurance, and maintenance costs. You’ll also want to look at your credit and take steps to make any improvements you can. A better credit score can help net you the most competitive rate on your home loan. Finally, don’t forget to keep saving! Even if you already have a healthy down payment, you’ll want as much cash reserves as possible to demonstrate your full financial capability to take on a home loan.
Do Your Research on Home Loans
Not all home loan programs are created equal. Start researching the different types of mortgages available, like FHA loans for first-time home buyers, VA loans for military, or conventional loans, to see which might fit your situation best. Each program has its own benefits and requirements, so understanding your options now can help you plan. Connect with us at the Potempa Team to get personalized guidance and see what programs you may qualify for. We’re here to help you every step of the way! Click here to get started.
Assemble Your Real Estate Dream Team
Having the right people in your corner can make all the difference. Connect with a trusted mortgage advisor—like the experts here at The Potempa Team! We’ll help you understand your financing options, get prepped for pre-approval, and set you up with a solid plan for your home loan. We’ll also connect you with the Jason Mitchell Group, an incredible national real estate team. We work with them to ensure a smooth purchase process from start to finish, no matter where you’re buying. They have agents all over the country with the local expertise and skills to support you in success. With the right team on your side, you can buy a home in 2025 with confidence!
At The Potempa Team, we’re here to make the process as easy and stress-free as possible. If you haven’t checked out our resource guide to navigating the home purchase process, click here to find information about every step you’ll encounter between starting your search and getting the keys on closing day. Ready to start the pre-approval process to buy a home in 2025? Click here to apply easily and quickly online.
