Is Homeownership in Your Future for 2025?
February 5, 2025 by agutting@reviewjournal.com
Filed under Community
BY KIMBERLY SMITH
If buying a home is one of your goals for 2025, preparation is key! Here’s a quick checklist to help you get ready:
1. Check Your Credit & Finances
Review your credit score (aim for 620+ for better loan options); pay down debt and avoid new credit inquiries; save for a down payment (3-20% of the home price)
2. Determine Your Budget
Calculate your monthly expenses and ideal mortgage payment; factor in property taxes, insurance, and maintenance costs; get pre-approved to understand your price range
3. Find the Right Loan & Assistance
Research loan options (FHA, VA, conventional); look into first-time buyer or down payment assistance programs; compare lenders for the best rates and terms
4. Work with a Trusted Realtor
Choose an agent who knows your target area; discuss your must-haves and deal breakers; stay informed on market trends and available homes
5. Plan for Closing & Moving
Budget for closing costs (2-5% of the home price); schedule a home inspection before purchasing; prepare for moving expenses, utilities, and home maintenance
Owning a home is a big step — but with the right preparation, you can make it happen in 2025! Ready to get started? Let’s connect!
Questions? Call Kimberly Smith, Broker Salesperson with King Realtor Group at (702) 291-7098 | www.kimberlysmith.realtor | NV.Lic. No. BS.146388
