So you and your partner just get married. You would like to have a better and happy future with your special one and your kids in the future. Buying a home should be your next move. Purchasing your first home will be the happiest events in the life of a person. It could also be among the most overwhelming. The following are things you should keep in mind:

Choose the Real Estate Agent Who Specializes in Guiding First Time Home Buyers 

It might go against traditional wisdom, but is clever to work with a real estate agent who works routinely with first time home buyers. Their experience and expertise enables them to provide direction on navigating the whole purchase process.

Find Out How Much You Could Afford

Online calculators could give you a rough idea of your cost range, yet it also assists to obtain an official approximation. To become pre-qualified, you should set a schedule to meet a mortgage broker or a representative from a bank.

Get Educated on Home Buying Programs within Your Area

Every state provides different assistance programs for the first time home buyer within your area. The buyer programs may different from one state to another. The right real estate agent to work with could be a big help in finding out whether there’s a good homebuyer program for you.

Go and Shop for Home Loans Online

You may talk to different lenders and then, you start comparing the interest rates, but also, the costs included in getting home loans.

Start Looking for the House of Your Dreams

It is where you should consider hiring a real estate agent. This professional would direct you to houses for sale that are within your price range. When you choose a real estate agent who is familiar with different first time home buyers’ programs inside your state, you will be directed to houses which meet your required criteria.

Make an offer. After you have found a house and are qualified for a loan, it is time to negotiate. Make that offer and counter offer when needed and realize how close you’re to owning your brand new home.

Get Insured and Inspected

Getting a home inspection & purchasing homeowners’ insurance are the final steps before closing.

Sign Papers

Closing a house is when you and the home seller signs seemingly endless papers that result to your last goal, being a homeowner. When it is your first time, you should congratulate yourself.

Once a person marries and lives with his or her partner, they should start thinking of the future. If you are about to marry your partner, you must think of buying a home instead of renting one. Renting may be expensive and buying a house is a better alternative. You should stand up today and start looking for a house of your dreams. You will be happy with what you can find in the real estate market today. Having a house of your dreams is one way to secure your family’s need. Can you imagine how happy to see your children playing in the

BUYING A HOME IS LESS EXPENSIVE THAN RENTING!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States.

Understanding why the house prices increasing today.

Earlier this week, the National Association of Realtors (NAR) released their latest quarterly report. The report covered three important aspects of the housing market:

1. Buyer Demand
2. Supply of Housing Inventory
3. Single Family Residential Prices

Today, we want to break down the highlights of the report along with several quotes from Lawrence Yun, the Chief Economist at NAR.

Buyer Demand

Total existing-home sales (which include single family and condo) were at an annual rate of 4.97 million in the first quarter of 2015. This represents a number which is 6.2 percent higher than the pace during the first quarter of 2014.

Yun: “Sales activity to start the year was notably higher than a year ago, as steady hiring and low interest rates encouraged more buyers to enter the market.”

Supply of Housing Inventory

There were 2 million existing homes available for sale at the end of the first quarter of 2015 which represents a 4.6 months’ supply of inventory which is down from 4.9 months a year ago. A healthy balance of supply between buyers and sellers is 6 to 7 months.

Yun: “With supply remaining tight—especially at the entry-level price range—buyers will need the expertise and local market insight of a Realtor® to help them through each intricate step of the buying process.”

Single Family Residential Prices

Home prices accelerated in 148 out of 174 metro areas (85%) during the first quarter of 2015 and the number of areas experiencing double-digit price appreciation doubled compared to last quarter. Compared to last quarter, the number of regions experiencing double-digit price appreciation doubled.

The national median existing single-family home price in the first quarter was $205,200, compared to $191,100 in first quarter of 2014. This represents a 7.4% increase year-over-year.

Yun: “…stronger demand without increasing supply led to faster price growth in many markets…Homeowners throughout the country have enjoyed accumulating household wealth through the steady rise in home values in the past few years.”

Bottom Line

Whether you are thinking about buying your first home or selling your current residence to buy the home of your dreams, meet with a professional in your market to discuss how the numbers above have affected your neighborhood’s prices.