Real estate agents say starting early is key when it comes to buying a first home.

For those looking to buy a home in 2020, it’s time to start planning. As a look ahead in the New Year, real estate agents say making and keeping these resolutions will help set homebuyers up for success.

RESOLUTION 1: START PLANNING EARLY.

Planning early to purchase a home for you and your family is quite paramount because it starts with a mindset. Get to know the location you would love to live and where you can afford to, make the necessary enquiries to ascertain the cost of owning a house there. Then budget your income to be able to meet up. Real estate companies like Aroseglinks service limited offers the option of paying with a spreadsheet of as long as a year and that will help you be able to pay in a particular amount monthly till the year runs out.

Resolution 2: Build a real estate dream team
Buying a first home is exciting and maybe a little intimidating. Working with the right real estate agent and mortgage broker can make life a lot easier – and more fun. An agent can help a homebuyer zero in on the right property during the search process and also advocate for homebuyers at the closing table.
“Looking for the house is just one step,” Jenkins says. “Once you find a house you like, who’s helping you after that? A real estate agent is there to help you negotiate the best terms in purchasing a home that benefits you.”
Jenkins says buying a home is not a simple project – it’s important for homebuyers to work with a trusted advisor. In addition to helping buyers in the real estate process, an agent can recommend home inspectors, repair services, home warranties and other important services.
“This is the biggest financial transaction of your life, why would you want to do it on your own?” says Jenkins “You need to find somebody you trust.”
Resolution 3: Plan for more than the down payment
In addition to the down payment, homebuyers will also need to pay thousands of naira in closings costs before the deal is final. They also may have one final year of rent due at their current apartment, need to hire movers, or have to pay for temporary housing while waiting to move into the new home.
The more money buyers have in their pocket when making an offer, the better shape they’ll be in. A buyer’s mortgage advisor or real estate agent can help buyers plan how much their savings goal should be.
Resolution 4: Create a (realistic) monthly budget
Once homebuyers have a feel for how much they are able to afford each month, they should work with a mortgage advisor to get pre-qualified for a loan that meets their needs and works with what they can afford monthly.
“It’s always good to know how much money you have in your pocket to spend.”
“A lot of times, people qualify for more than they can afford,” “You need to look at your finances and determine, ‘What do I feel comfortable with?’”
A rule of thumb is that housing costs shouldn’t exceed more than one-third of a homebuyer’s monthly income

The start of a new year is always an exciting time. Staying focused on the goals above will help make the homebuying process exciting, too!
Always remember “For your best real estate deals, AROSEGLINKS SERVICE LIMITED got you covered”