New Home Buying Steps

Stark / Summit County New Home Buying Steps

Ten Steps to Prepare for Home Ownership

  1. Decide how much home you can afford. Generally, you can afford a home equal in value to between two and three times your gross income.
  2. Develop a wish list of what you would like your home to have. Then prioritize the features on your list.
  3. Select three or four neighborhoods you'd like to live in. Consider items such as schools, recreational facilities, area expansions plans, and safety.
  4. Determine if you have enough saved to cover your down payment and closing costs. Closing costs, including taxes, attorney's fee, and transfer fees average two and seven percent of the home price.
  5. Get your credit in order. Obtain a copy of your credit report.
  6. Determine how large a mortgage you can qualify for. Also explore different loan options and decide what's best for you.
  7. Organize all the documentation a lender will need to pre-approve you for a loan.
  8. Do research to determine if you qualify for any special mortgage or down payment assistance programs.
  9. Calculate the costs of home ownership, including property taxes, insurance, maintenance, and association fees, if applicable.
  10. Find an experienced DeHoff REALTOR® who can help you through the process. Our agents can guide you through these steps to help you make the best and smartest home buying decision.

If you are ready to buy a home in the Stark or Summit County area, contact DeHoff Realtors to get started—we are here to help!

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