Princeton Town Topics – Let’s Talk Real Estate – January 25, 2023
TIPS FOR FIRST TIME BUYERS IN 2023
First time home buyers continue to drive real estate markets both nationally and locally in New Jersey. Mortgage rates are starting to drift lower, which is also helping to build more buyer interest.
If you’re planning to buy a home this year, here are 3 tips to keep in mind:
—–> Determine how much house you can afford and what type of house you want to consider. Do you want a turnkey house that’s in move in condition? Or do you want a house that needs cosmetic work or some renovation. You should have an idea of what makes sense for you when you begin looking.
—–> Have a mortgage pre-approval in hand before you start the buying process. Pre-approval will give you an accurate estimate of what you can borrow and afford. It is also a clear sign to sellers that you are a serious buyer.
—–> Look for a Realtor® with expertise in the areas you’re considering. An experienced Realtor® can make the entire process less overwhelming and also has connections to valuable resources to help you through the entire home buying process.