Regardless of age, deciding to buy your first home is a huge step! Setting down roots here in Albuquerque is a great start! Here are a few steps to guide you in the process of finding your perfect New Mexico home.
First, one of the most important things you can do is pre-qualifying with a lender. This will help you know exactly the amount of home you can afford. One of the best reasons to pre-qualify with a lender is it tells the buyers you offer is serious. This will put YOU at an advantage if there is multiple offers on a home.
This one seems like a no brainer, but know what is on your credit report. Accuracy is key when applying for a home loan. If there are any disputes, a good starting place is on the Federal Trade Commission Web site.
Finally, picking a realtor. Interview them, ask questions about their knowledge of the area, ask your friends for referrals, whatever you do don’t pick at random!
The most important part of home buying is remaining calm, being well advised from your lender and realtor, and enjoying the process of your home purchase!