First-Time Home Buying In Boise & Southwest Idaho
Buying your first home is a huge milestone and we know it's something worth getting excited about! If you're at the point in your life where you may be ready to buy, take a moment to congratulate yourself, and then read on.
A lot of first-time buyers think home ownership is similar to renting but with extra perks, like being able to own a dog and paint the wall any color of the rainbow. While these bonuses are possible in the majority of homes, there is a price attached: mortgage, taxes and home maintenance.
It's important that first-time home buyers in Boise and Southwest Idaho are prepared for the less glamorous side of home ownership before they make a purchase.
Questions For Prospective First Time Buyers
Are you mentally ready?
Buying a home is a long-term commitment with long-term consequences. Home owners need to be prepared to look after their home for decades, understanding that it's an investment of both income and time. It's also important to recognize that there are risks with home ownership and to have realistic expectations.
What can you afford?
Many first-time home buyers are shocked to discover how little they can actually afford, as mortgage lenders try to only give you what you can afford. Sacrificing significant portions of your income would quickly become tiresome and make home ownership a burden. Instead, be prepared to purchase a modest home now and plan to upgrade to your dream home in the future.
What's your debt to income ratio?
Your overall debt should never exceed more than 40% of your income, and your home payments should be less than 32%. This will determine your price range and may affect your neighborhood choices as well. Take a hard look at your existing debts and try to minimize them prior to jumping into home ownership.
What are you looking for?
Are you willing to mow the lawn every week? Do you like getting on the roof to clean the gutters? Would it bother you to follow a curbside garbage schedule? Are you able to follow strict landscaping and maintenance rules? Honestly answering these types of questions and reflecting on what you're looking for in a home will help you narrow down real estate options and find the home that's right for you.
We'll Help You Buy Your First Home!
The savvy real estate agents at The Mike Brown Group know exactly how to help first-time buyers. Our REALTORS® are good people with a strong work ethic, and we're willing to go the extra mile to ensure your first-time home buying experience is a positive one.
There are a lot of things we'll do for you, which include helping you:
- Keep priorities & objectives in mind when viewing homes
- Engage the services of trusted professionals, like real estate lawyers, mortgage brokers and home inspectors
- Write & revise all the necessary paperwork
- Make offers on homes that are fair yet competitive
- Inspect the home & follow up on agreed-upon repairs
- Complete a final walkthrough of your home
From the day we meet to discuss what you want in a home to the moment you hold the keys, we'll help you through the entire process of buying your first home. We're here to answer any questions, ensure you receive exemplary service and help you meet your goals.
Contact the Mike Brown Group today to learn more about buying your first home in Boise or Idaho!