If you're in the military, you face many unique challenges when looking for your forever home. That shouldn't prevent you from pursuing your dream of homeownership though! Here are five tips to help you get started.
1. Know Your Budget First
Before you start searching for a home, get pre-qualified and understand your options when it comes to the type of loan you can use. For many military members, a VA Loan is your best bet because there is no down payment (if you are eligible). To get a better idea of what to expect when it comes to monthly payment, check out our Mortgage Calculator.
2. Have a Plan in Mind
Chances are you will receive new orders in the future. Before buying a house, have a plan in mind to use your new house as an investment property or sell it if that makes more sense financially. Buying your home with that in mind will pay off in the end and make life a whole lot easier for you and your family.
3. Make a List of Must-haves
Decide what matters most. A big yard for your dogs? A short commute to work? A great school district? Searching for a home can be overwhelming. By making a list before you start, you'll keep yourself on track and get what you want.
4. Use Technology to Your Advantage
Overseas or several states away? No problem! Through virtual tours and electronic signatures, the entire home buying process can be done through your phone and computer. Don't let distance keep you from finding your dream home.
5. Work With a Realtor Who Understands Your Situation
An agent that has experience with military home buyers can save you a lot of time and money. You and your family will be more comfortable working with someone who is familiar with the PCS process as well as the VA loan application and VA home requirements.
Earl, a Navy veteran, has been living in the Hampton Roads area for nearly 40 years. He loves to help military families find a place to call "Home." Call him at (757) 329-9854 today if you have any questions about the home-buying process.