For many, springtime means a new beginning and a time to start house hunting. Whether you’re planning to buy a home for the first time or looking for a home that fits your family better, buying a home is a big decision. It’s a balance between finding the home of your dreams and not spending more than you can afford. Here are some tips for you to consider when starting the process.

Get pre-approved for a mortgage.  
Getting pre-approved for a mortgage will help you understand how much house you can afford and establish a price range to stay within. 

Work with an expert.
Do your research to find an experienced realtor or ask your friends, family and coworkers for referrals. An experienced realtor can offer you in-depth knowledge about an area, provide a comparative market analysis and offer connections for any renovations that might need to be done.

Look at homes only within your budget.
It might be tempting to purchase a home over your budget, but the last thing you want to be is “house poor.” Prevent this trap by avoiding homes outside your budget.

Choose an experienced inspector.
Again, do your research to find an inspector who is knowledgeable and can bring to light issues in a home. It’s important to know all potential issues - big and small. Some issues can be fixed by the seller before the purchase, while other issues can be used as leverage in negotiating a final offer.

Take your time.
Buying a new home is a big financial investment. You’ll need to be realistic, take your time, do not act on impulse, and make a decision that's good for your future, family and finances.
If you’re planning to start the home buying process in this spring, Sikorsky Credit Union is here to answer your questions and partner with you on your homebuying journey. Learn more.