A Guide From Leasing to Buying
Updated: Sep 26, 2022
The purpose of this guide is to educate you on important topics that you need to understand and things to take action on if you’re looking to purchase a home in the near future.
Step 1: Upfront Costs & Credit Score
Part 1 of understanding where you are at financially. Learn how much money you will need upfront for a down payment + closing costs and the impact of a credit score.
Step 2: Monthly Costs & Big Financial Events
Understand how much you can afford monthly, this determines the home purchasing budget. What to do if you need to buy a car, lose a job, etc
Step 3: Things to be Careful About
Understand the negative consequences of certain financial decisions or events that may happen and how to handle them.
Step 4: Set Goals to Improve Your Buying Power
Learn what you can do over the next few months to position yourself for a less stressful and more enjoyable purchasing journey.
Step 5: When to Buy to Save the Most Money
We have seasonalities to the housing market. Understanding this could set yourself up to a save a lot of money!!
Step 6: Don't Let Your Lease Determine When to Buy
Most people wait until the end of their lease to buy. Understanding how to exit a lease will allow you not to stress to purchase on a timeline. Remember seasonalities👆
Step 7: A 12 Month Purchasing Journey
We chose 12 months as this is the typical lease term. Reach out to us sooner or later, the earlier you start on these things, the better off you will be! We would love to have a conversation with you at any point of your journey!