August Financial Newsletter

Buying your first home

Buying your first home can be a daunting process with many deciding factors and little experience guiding the way. Fortunately, you can buy with confidence after planning for what to expect. In this article, we will provide you with a list of steps to follow when making a decision on a new home.

Assessing your needs

Before diving into the research, you should consider what you need in a home. Think of factors such as location, community, size, and price range.  Generally, the median home prices are two to three times the area’s median annual income, so if an area’s median annual income is $100,000, the median home price would fall between $200,000 and $300,000.

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