The two questions that many first-time buyers have are: "Is it the right time for me to buy?" and "how do I get started?" The answer to the first question is not always simple and straightforward. In general, it’s the right time for someone to buy when they can afford to own a home (financially equipped to make the downpayment, cover closing costs and afford the monthly payment), have a lifestyle change (e.g. getting married) and/or are going to stay in the area for a few years (in order to build equity).

 

STEP TWO:  Secure Financing - There’s more information in our “Learn the Facts” section on mortgages and mortgage trends, but for first time buyers a great place to start is the Washington State Housing Finance Commission.  Read more...

 

STEP THREE:  “Find a Home” - As a first-time buyer, you’ll need guidance, advice and help several times during this process. A good real estate agent is a seasoned professional who can help every step of the way.  Read more...