Regardless of what the market says, you need to determine if now is the right time for YOU to buy a home. Know what you can afford – this is much more than just the home’s asking price. Consult a professional to get a complete picture of the expected expenses, how much you should borrow, and how much cash you should have upfront. While there are loans available for less than 20% down payment, it is advisable to save that amount first. Consult your agent for referrals on financial planning professionals who can help you get into prime position for buying a home.

Obtaining a copy of your credit report, ensuring there are no errors, and applying for mortgage pre-approval is one of the smartest early steps you can take as a home buyer. Be sure to ask potential lenders about total costs to you at closing. The mortgage process can be slow and full of frustrating surprises. Arm yourself early. This process will also ensure that you don’t end up looking at homes outside your price range.

Buying a home is not the time to put on your DIY hat and play expert. The real estate market is fraught with confusing legalities, regulations, and negotiations. Hiring a qualified real estate agent should be step one on your list. You may also want to hire a real estate attorney. Joseph can arrange for professionals to conduct home appraisals and home inspections.