What Can Newlyweds Expect When Buying A New Home?
As newlyweds, you have many decisions and adjustments to make. These changes take place as part of becoming a legally identified couple, being married. Most changes prove so exciting and enriching. But should newlyweds wait awhile to buy their new home, due to the added stress this process brings?
Get Expert Help Early to Buy Your New Home
As you prepare to walk down the aisle, you want to live the newlyweds’ dream. That dream typically involves a wedding and celebrating the start of your lives together. But does it involve a new home right away? Can you continue renting and still “live the dream?” Or is renting only throwing your money away?
Besides these questions, other important ones also come to mind. For example, can you afford both a wedding and your dream home? How can you structure your home buying process to make all of these transitions easier?
By talking to experts in residential real estate and mortgage lending, you can get the answers you need. Find a realtor and mortgage banker who understand the stress of wedding planning and know how to make home buying easier.
Gain Understanding of What Home Buying Involves
In many ways, planning a big wedding and buying a home at the same time prove to be opposing forces. You spend a significant amount of money on your big day. But you also need as much money as possible for your big purchase, that home you truly want. How can these opposing forces fit together to form your best newlywed life?
Talk to your experienced real estate agent and mortgage banker about how you can time your home purchase to suit the wedding plans and vice versa.
Also ask about other major factors you must consider during the process, such as:
How much money you have to put down
Both of your credit scores
Whether student debt causes issues
If the marriage affects your mortgage rates
Which state laws apply to your home ownership
Do you qualify for a home loan?
Your real estate agent and mortgage expert can help you decide how you should time the two biggest steps in your life as a newly married couple.
Prepare to Communicate Openly Each Step of the Way
Most newly married couples are just learning how to communicate with each other. You are learning how to argue and maintain individuality as part of a healthy relationship. But home buying is one of your biggest life decisions. It is one that any couple can affirm brings its own batch of potential communication problems.
By meeting with a real estate agent and mortgage banker early in your home buying process, you learn more about what to expect from your search. These experts help you prepare for the big decisions you must make along the way, as you narrow your field of real estate options. This can help you avoid major tension as a couple. By following their lead and leaning on their experience, you avoid arguments and frustration.
Newlywed Home Buying Experts in Raleigh, NC
In the Raleigh, NC area, you can rely on the highly qualified team of Tracey Watson and Diane Kinlaw to help you through your home buying process.
Tracey Watson of Go Watson Realty brings her own brand of real estate experience, helping new couples and families find their new homes. Diane Kinlaw, Mortgage Loan Officer with GoPrime Mortgage, Inc. helps you meet your mortgage loan needs.Together, this team understands your timing and position in the market as an engaged or newly married couple.