Is Now the Right Time to Buy a Home?

Deciding to purchase a home can be very exciting but can also be stressful. Before you start searching for the perfect home, you need to make sure that now is the right time to make a purchase in Lakewood, CO. Use this checklist from Colling Insurance Services, Inc. to ensure that you are ready to buy a home right now. 

• Take a look at your debts. You should list out all of your debts as well as how much you have to pay for them every month. Factor this into your budget to ensure that you have enough to cover everything. 
• Make sure you have enough saved. You already know that you will need to save for a down payment on a home but you also need to account for closing costs. On average, this can cost up to 3% of the mortgage amount so you need to make sure you can cover that as well. 
• Get preapproved. Before you start looking at homes, you should get preapproved to see exactly how much you can afford to buy. You do not want to start looking outside of your price range only to find you cannot afford that dream home you found. This can also help because many real estate agents will not even show you a home without showing your preapproval. Take this step so that when you do find the perfect house, you are ready to make the purchase.

Buying a home is a big decision so before you jump in, it is important to ensure you are ready. Once you do buy your home, you will need a great home insurance policy to protect your investment. Reach out to Colling Insurance Services, Inc. serving Lakewood, CO to get some quotes that will work with your new budget.