Millennials: there are six steps you need to think about before you start the process to purchase a home. Learn more here.

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As a millennial homebuyer, here are the six steps you need to consider before you begin the home buying process:

1. Commitment. Commit to the fact that you’ll no longer be a renter—you will not throw away your money by giving it to a landlord so they can profit while you get nothing in return. This mindset will better prepare you for the homeowner mentality.

2. Finances. Consult with a professional to help you better understand your finances. What does it mean to buy a house? How much will you need to put down? What will that look like, tax-wise? What will your monthly payment be like? And how does that all help you grow your home’s equity?

3. Credit score. Similarly to the above point, figure out your credit situation. Make sure you understand what credit really means, how important it is in terms of your loan payment, and how it will affect your down payment.

“COMMIT TO THE FACT THAT YOU’LL NO LONGER BE A RENTER—YOU WILL NOT THROW AWAY YOUR MONEY BY GIVING IT TO A LANDLORD SO THEY CAN PROFIT WHILE YOU GET NOTHING IN RETURN.”

4. Lender. Should you just go with your bank, your friend who’s been in the lending business for a year, or someone your Realtor recommends? Do your research to find a skilled lender you can trust to help you.

5. Real estate agent. Finding the right agent to help you in the process of purchasing a home is vital. Consider the value of a real estate agent by assessing how much you personally know about the process.

6. Interview potential agents. It may take interviewing multiple agents before you settle on the one, but it’s worth it if you find someone who understands you, listens to you, and really cares about your wants and needs. A great agent should take the time to teach you about the market and negotiate on your behalf once you go under contract on a home.

If you think you’re ready to begin the process of becoming a homeowner or are even thinking about making this transition, reach out to me. I want to be one of the agents you interview, and I can show you what we’ll do to cover you during the process and to make your life better because of real estate. I hope to hear from you soon!