Preparing For Homeownership




Looking to buy your first home can be overwhelming!  With so many questions, purchasing a home can feel like an unrealistic goal.  I know firsthand how overwhelming it can feel!  When I was starting to study for my real estate license, I myself thought I would never own a home.  I understand the uncertainty.  What if the process of buying a home was not “scary”?  This is why I found it to be important to start a blog about what are the steps to buying!


I am excited to be working with the best Real Estate Company in Salina, Kansas – NextHome Pro Realty.  At NextHome, we know how important resources are and we want to share those resources with you!  Let’s start by having you ask yourself three questions.



Is owning my own home a goal?

Are my finances were they need to be in order to buy a home?

How much home can I afford?



As we all know, one question can lead to many others.  Maybe these questions do not seem so simple, but don’t worry,  I am here to assist!  Let’s take a closer look at these three questions.  

Do you see yourself owning your own home someday?  Is that part of your American Dream?  This can be reached by having realistic goals, receiving sound advice, careful planning and understanding the costs involving in purchasing your home.

Are your finances where they need to be?  I know, getting your finances in order sounds yucky!  Yes, I know I said yucky, but knowing your financial status is a must!  Have you checked your credit reports?  I cannot stress enough how important your credit is when trying to finance a home.

Finally, how much home can you afford?  This is where an experienced housing counselor plays such an important role!  Making sure your credit report is accurate and removing any out-of-date or inaccurate information can help increase your credit score and you qualify for a lower interest rate.  Reaching out to a housing counselor is a great way to start your journey to homeownership.  Below are some resources to start you off on the right foot!

The Consumer Financial Protection Bureau is a government agency that focuses on giving consumers the information, steps, and tools that they need to make smart financial decisions.  They have several resources available to help you with the homebuying process.

Consumer Credit Counseling Service, Inc. – a non-profit HUD Approved Housing Counseling Agency.

Federal Trade Commission – a federal agency offering brochures and handouts to help with the homebuying process.



Credit: Does it matter?

The first question that simply has to be addressed is: “How good is your credit?”  Everyone has a different answer about this; the importance of credit is unique to each individual.  Some are defined by their number, while others have a more “elastic” point of view.  And some see absolutely no purpose for its existence.  None-the-less, credit-worthiness is important to the home buying process.


That being said, it’s not elemental or vital, it’s just important.

Wondering if you have the credit to “fit the bill?”  We can help
you.   There are different strokes for different folks.  Some people can utilize superior credit-worthiness to propel themselves to very low interest rates, low mortgage loan interest amounts, or top-notch lender offers.  The rest of us must be prepared to bargain — and bargain hard.  Everything is negotiable; the price you pay for your home and the amount of monthly interest you pay!

NextHome Pro Realty is ready to offer you the latest and most up-to-date news regarding loan rates, special financing incentives, and creative loan packaging.  We give you the information you need and we put you in touch with the people who will help you realize your dream.   You expect expert guidance; we deliver with a flourish.

We are the Next generation in progressive & proactive real estate partnering and we want and need you to be successful and satisfied.  Stop worrying about your credit score and talk to us about your options!

Foreclosures: 101

Are foreclosures for you?

Have you been thinking about buying foreclosures?  Even if you are a seasoned pro, it is always best to have the assistance of a licensed real estate broker who has the experience and knowledge to see that you are not only the winning bidder, but also the happy owner of a property that will yield you maximum equity and profits.

Buying foreclosures can be a way to successfully build a portfolio of cash flow properties but the potential exists for multiple headaches and problems during the process.  Also known as HUD homes, bank owned properties, distressed homes and short sales, foreclosures are available to qualified buyers in most towns and cities of all sizes and even in rural areas far from larger communities.  Knowledge about the area and market valuations is of utmost importance when considering the purchase of a foreclosure.  Your broker can give you the necessary information to make wise decisions during the bid process.  Choose someone who has a great deal of experience in successfully closing similar transactions. Continue reading

Savvy Real Estate Investment

Should you hold a real estate property long-term?
For a savvy investor in residential or commercial real estate, it’s important to understand market cycles and the risks and returns associated with owning real property.  Many investors who purchase single and multifamily residential properties believe that buying and holding the property is the key to success.  It certainly can be for some, but for those with typical life changes, pexels-photo (4)unexpected trans-formative life events and family transitions, a better way to wealth could be an annual reassessment of property inventory along with an examination of present returns and future values.

Many factors can drastically change the value of a property over the long-term:  income tax restructuring, neighborhood decline, zoning changes, community development, economic change, and local government planning – to name a few.  Assuming that a property will hold its value long term and continue to accelerate in rental income is probably not the best approach.  An annual review with a real estate broker can target properties that may be in the danger zone and would be better sold and replaced with something else. Continue reading