Are thinking about buying a home in York? If so, now is the time to prepare.  Sure there’s a lot of things to consider. But if you keep these few tips in mind, it can help your buying process go smoother and help you buy the home that’s right for you.

Don’t Make Big Purchases

At least 3 – 6 months before you buy a home, it’s not a good idea to make big purchase or move your money around. This could affect your credit profile. Lenders want to see that your spending habits are stable and want to see a paper trail to get you’re the best loan possible.

Get Pre-Approved

Do you know the difference between being pre-qualified and pre-approved? It’s easy to get pre-qualified. But pre-approved means that the lender has reviewed all of your financial information and can inform you on how much you can afford. This is a huge help, as it saves you time in looking at houses you can’t afford.  But it also helps you decide the best house you can afford.

Budget

Make sure to set a budget right away.  And don’t just figure in the Home Financing payment.  Owning a home incurs costs such as maintenance, utilities, renovation, etc.  And don’t forget closing costs, as many people do.  Some people are surprised by how much the closing costs are, so work with your agent to figure out how much that will be.