TruCommunity Blog

Warmer temps and greener grass means Spring is here! It is also the busiest time for the real estate market. This can be exciting but also a little scary when looking to purchase your first home.

If you’re considering buying a home this spring, it’s essential to be prepared for a competitive market. With more buyers entering the market, there may be increased competition for desirable properties. Home prices are typically at their highest in the spring. However, don’t let that deter you! With the right approach and a little patience, you can find your dream home.

Tips for Spring Home Buyers:

1. Get Pre-Qualified: Before you start your home search, get pre-qualified for a mortgage. This will give you a clear idea of your budget and show sellers that you’re a serious buyer. Your pre-qualified amount will depend upon your income, outstanding debt, and down payment.
2. Stay Flexible: In a competitive market, you may need to be flexible with your preferences. Consider expanding your search criteria or being open to properties that need a little TLC.
3. Act Quickly: When you find a home you love, don’t hesitate to make an offer. In a hot market, desirable properties can sell fast, so be prepared to act quickly.
4. Work with a Trusted Real Estate Agent: A knowledgeable real estate agent can help you find listings, negotiate offers, and guide you through the entire home buying process.
5. Do Your Research: Take the time to research neighborhoods, schools, and amenities in areas you’re interested in. This will help you make an informed decision and ensure you’re investing in a home that meets your needs.
6. Don't Skip the Home Inspection: A home inspection reviews the structure and mechanical systems to identify for potential problems. Be sure to understand the type of inspection you are getting and they will investigate every part of the house. 
7. Start Saving Early: Not only do you need to consider your down payment but don't forget about any closing costs and other related expenses such as moving costs. Start depositing money into your savings account to be ready for that new home purchase. 

Remember - you can’t time the market. Buying now might make sense if you find a house you like and your finances are in order. Decide what is most important to you such as proximity to schools, restaurants, shopping or area lifestyle, culture or atmosphere while also staying within your price range.

Spring is a fantastic time to buy a home, with new inventory hitting the market, and favorable weather for house hunting. By being prepared, staying flexible, and working with a trusted real estate professional & your TruBank loan officer, you can find the perfect home to start your next chapter.

Happy house hunting!