Buying a home is an exciting but often overwhelming experience, particularly if you are buying your first home. As your REALTOR, I can help you through the home buying process and assure that you find the right home for you, at the right price for you.

Here are some common concerns many buyers often have:

What time frame should I expect?
There are a lot of variables in the home-buying process, which means the time it takes to find and buy your new home varies too. A typical home search process may take one to three months, including the mortgage approval process, comparing and evaluating properties, making an offer and the closing process. The loan process typically takes 30-45 days.

What should I expect during the mortgage approval process?
This is perhaps the most intimidating aspect of buying a home. I'll be here to help guide you through this, but there are many ways you can prepare early to make the process smoother. Start by making sure your budget is under control - make a list of all your monthly expenses, compare it with your income, and see if adjustments need to be made. You should also try to pay off small credit card balances. Start gathering documents you may need, such as W-2 forms, income tax returns for the past few years, pay stubs, records of child support or alimony, bank statements for the past several months, and your credit report. Also, be sure to allow for closing costs. Getting several offers will allow you to compare loans and get the best deal. Also See: "Why Pre-Qualify For A Loan?"

How can I determine how much I can afford?
A general guideline to consider is that most buyers purchase a home that costs about one and a half to two and half times their current annual income. For example, someone earning $50,000 a year might purchase a home for $75,000 to $125,000. Mortgage payments should be about 26-28 percent of your gross monthly income. Existing debt is also considered in the mortgage process, and total debt payments (car payments, credit cards, student loans, etc.) should not exceed 40 percent of your gross monthly income. Be sure to check out our free Mortgage Calculators!

With so many homes for sale, what can I do to find the right one?
Before we start looking at properties, make a list of "must-have" features along with optional features you'd like to have. "Must-have" features may include the number of bedrooms and bathrooms you'll need to accommodate your family, location, lot size and special needs (handicapped access, etc.). Optional features may include the architectural styling, bay windows, landscaping, etc. Having a clear idea of what you want in a home will help in finding the perfect property for you.

Educating yourself about the Home-Buying Process is key to getting a home you will love and can afford. As your REALTOR, I am here to answer any questions you might have and guide you through this process. Please feel free to contact me any time by clicking here.