home buyersNew residents who are buying homes in San Diego probably have various reasons for doing so. However, if you’re considering a move to this part of California, you need to make sure your finances are in order first.

To make sure your loan application goes through and the sale of the real estate moves forward easily, you should put your financial house in order. To do that, evaluate the reasons why you want to purchase a home in the first place.

Put Down Roots in a Permanent Location

Moving is not fun. It might sound exciting or thrilling, but the reality is that you’re surrounded by boxes for at least a few months. In order to get through it with your sanity intact, make sure you’re going to land for a while. Putting down roots through buying a home should mean you can stay for at least a few years. True, things happen, but the original intention should be to stay as long as possible.

Check Your Own Credit

Before you ask anyone else to look at your credit, pull your own credit report. Make sure there aren’t any mistakes or items being reported that have already been resolved. By looking into this first, you’ll have the best success possible when you’re dealing with the financial institutions. It will also help you see where you’re really at with your credit score, instead of just guessing.

Choose a House in Your Price Range

It’s tempting to go out there and get the biggest house you can find. The rooms are bigger, there is more land and much more potential. However, if you’re not able to make the payments consistently, it’s going to turn into an even bigger headache. Shop objectively and figure out what your current budget can handle realistically.

If you have money left over at the end of the month, you might be able to reinvest it back into the home with improvements. However, if you’re struggling to pay your bills, you may not keep it at all. Don’t get lost in the wonder of a great-looking home–look at the maintenance and regular payments as well.

If you start out like this, then purchasing a house will be more fun than hassle.

Tags: , , ,

This is filed under Home Buying.

     Twitter It!