CHRISTINA LAVOIE's Blog
Figure out your financesYou should be an expert at you and your significant other's personal finances if you are thinking about buying a home. The first thing to look at is your income and expenditures. Put the following information in a spreadsheet:
- Total monthly income
- Total monthly expenditures (bills, gas, food, etc.)
- Total monthly savings
- Total savings and assets
- Credit and FICO score (request both of these online)
Lock Down Your FinancingThere are several types of mortgages that you'll need to choose from, and you'll want to learn about fixed and adjustable mortgage rates. This information should be informed by your long-term plans. Are you looking for your first home or your forever home? If you don't plan on fully paying off the home you might look for a low, adjustable rate while you earn money. But if you want to stay in your home until it's paid off, a fixed rate might be better for you.
Finding and buying your homeOnce you've determined your price range, start thinking about things like location and the kind of home you can afford. If you're handy with tools and have the time, it might be in your best interest to buy a home than needs some work at a lower cost. If you'd rather put in more hours at work, go with the home that needs less work and save money that way. Depending on whether or not you're in a buyer's market or a seller's market, the ball can be in your court or the seller's. In a seller's market, which is more likely today in many parts of the country, the seller will have more leverage in negotiations, including closing dates and move-out dates. Due to high competition, you should also be prepared to miss out on some offers. But be patient, and you should find the home you're looking for.
Millennials, i.e. individuals between the ages of 18 and 29 years old, often grab life by the horns. However, when it comes to getting ready for a move, Millennials often encounter problems along the way.
Fortunately, we're here to help Millennials who recently bought or sold a house discover what it takes to complete a successful move.
Let's take a look at three moving tips that every Millennial needs to know.
1. Get a Head Start on Your Move
Let's face it – the stress associated with moving can be overwhelming. And in some cases, it may lead Millennials to wait until the last minute to start packing.
Procrastination is never a good idea, particularly when it comes to moving. If you get an early start on your move, you can enjoy a seamless transition from one address to the next.
2. Pick Up Plenty of Packing Supplies
If you own a wide range of books, clothing and DVDs, there is no need to worry. Pick up plenty of packing supplies prior to moving day, and you can safeguard your belongings during your move.
Moving boxes are essential and come in a variety of sizes. You can always purchase moving boxes; or, you may be able to pick up boxes for free from a local grocery store or retailer.
In addition, be sure to pick up packing tape, bubble wrap and other packing supplies. With the right packing supplies at your disposal, you'll have no trouble getting your belongings ready for moving day.
3. Hire a Professional Moving Company
When it comes to moving, there is no need to work alone. Luckily, many moving companies are available to help Millennials complete a successful relocation.
Reach out to a variety of moving companies in your area – you'll be glad you did. If you discuss your moving budget and requirements with several moving companies, you should be able to find a professional mover that meets or exceeds your expectations.
Of course, if you need assistance as you search for a moving company, you may want to discuss your options with a real estate agent as well.
A real estate agent can put a Millennial in touch with the best moving companies in any city or town. By doing so, this housing market professional will make it simple for you to get the help that you need for your move.
Lastly, any time you need to buy or sell a house, it pays to hire a real estate agent. This housing market professional will learn about your homebuying or home selling goals and ensure you can achieve your desired results. Plus, if you ever have homebuying or home selling questions, a real estate agent is happy to respond to them.
Ready to relocate to a new address? Use the aforementioned moving tips, and any Millennial can pack up his or her belongings and enjoy a quick, easy move.
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