04/17/2024
So, youāre ready to buy a home together.
Exciting!
Buying a home with a spouse, partner, friend or relative can be a great option. But before you hit the open house circuit, there are a few things you should knowā¦.
Hereās what I tell my clients ā¬ļø
1. Start by sitting down and listing out your non-negotiables (like location, number of bedrooms, yard), and any ānice-to-havesā (like a fireplace in the primary suite or a large pantry). This will help you both to align your expectations.
2. Not married? Compare credit scores! Lenders use the median credit score of the lower score holder, so it might take some creativity to get the best rate.
3. Keep your āI love it!ā expressions under wraps until youāre out of earshot of the home. Sellers might have hidden cameras, and you donāt want to tip your hand!
4. Be real about your finances. Talk budget, down payments, and potential renovationsā¦and assume nothing! Transparency is key to building your dream home together.
5. Find a realtor who gets your vibe. Iāll navigate the market, handle negotiations, and be your cheerleader along the way.
6. Have fun! This is a big step so you should enjoy the process and celebrate each milestone.