Louisville Real Estate Blog

In my 16 years of working in this business, I find that a lot of first-time homebuyers all seem to have the same fears: commitment, qualification, and process. Today I’ll discuss these fears and how we can help you as a homebuyer become confident in your transaction.

Commitment

Buyers tend to have a fear of financial commitment. This fear is about the long-term; yes, your mortgage is a 30-year mortgage, but guess what? You can move anytime, unlike in an apartment, where you have to give a 30- to 90-day notice.

Buyers also have fears about the commitment to owning and managing a property. Yes, you’ll have to take responsibility for the maintenance of your property, meaning you’ll also have to budget. But that’s something that everyone needs to learn, and homeownership is just one way of cementing that skill in your mind.

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Qualification

Many are afraid of being told they don’t qualify for a mortgage. In reality, most loan officers will tell you one of three things when it comes to qualifying:

You’re qualified and ready to go look at houses. You have a little bit of work to do before you qualify. Let’s take a step back and figure out whether now is the appropriate time to buy a home.

Also, understand that when you’re qualifying for a mortgage, your credit will come into play. If your credit isn’t where it needs to be, the loan officer can give you advice about how to improve it so you can qualify. It’s a learning process that everyone goes through, but trust me: You’ll be glad you own your own home later down the line.

Process

People often don’t fully understand the process of buying a home. When you work with me, I’ll help you break down all the steps from qualifying for a home loan to the eventual close. A lot goes into the process of buying a home, but we’ll be there to help you be confident, qualified, and prepared.

If you have any questions about buying a home or real estate in general, don’t hesitate to reach out to me. I’d love to hear from you.