How to Buy a House Part 1-How Do You Know You're Ready to Buy?

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    bobthebuilder2

    Published on May 11, 2021
    About :

    You think you're ready to buy a house...
    In the last couple months, I have gone through the home buying experience again-not for an investment this time. By doing a series on buying a home, I hope to help anyone, not just investors, on purchasing their first house. It is not a small process-that's why it takes over 30 days for most people. In 2021 and on into the foreseeable future, this will be the process the majority of people will go through in purchasing a home and it is nice to have a guide lead you in the right way.

    I have been investing in real estate since 2003 and was inspired by my parents and grandparents who owned multiple properties before then. I have lived through some doozie markets and am sharing my experience along with inspiration I get from other sites which have already set up the outline. While I did not come up with the 11 steps I'll be preparing videos on, I am giving you my thoughts and inspiration through my personal experiences and education.

    I must give credit to Rocket Mortgage for writing the 11 steps. Their website: https://www.rocketmortgage.com/learn/how-to-buy-a-house

    The 10 signs you're ready to buy a house (the first of the 11 steps):

    1. No More Debt
    2. Higher Credit Score
    3. Steady Income
    4. Recent increase in income/predictable increases in income
    5. Good savings/emergency fund
    6. Healthy Down Payment
    7. No large expenditures in the foreseeable future (starting a family/biz/school)
    8. Staying put for foreseeable future
    9. The house payment won’t make you house poor
    10. When you know what you want and how much of it you can afford
      Credit: CreditSesame:
      https://www.creditsesame.com/blog/mortgage/10-signs-youre-ready-to-buy-a-house/

    Feel free to reach out to me if you have any questions at http://www.WatchBobOnYouTube.com or you can comment below. Thanks for watching and if you subscribed, thank you for that, too.

    Tags :

    real estate buying a home signs you're ready to buy a house am i ready to buy a house how to buy a house

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