Keys to Success for First-Time Homebuyers

Buying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it’s a vision you can bring to life, but, as the National Association of Realtors (NAR) shares, you’ll have to overcome some factors that have made it more challenging in recent years:

 

“Since 2011, the share of first-time home buyers has been under the historical norm of 40% as buyers face tight invento...

You're finally buying a house! You've been saving up for years, and nothing could be more
exciting than the prospect of buying your own home. However, purchasing a new home can be overwhelming. There's so much to do you may not know where to start. Here are some of the things first-time homebuyers make mistakes on so you can avoid them.

• Emptying your savings account. If you have an emergency fund for yourself, then great!

But if not… well… don't spend it all on a down payment for your new home...