Tracye Thompson | Triangle Real Estate, Stafford Real Estate, Dumfries Real Estate


Let's face it – the mere thought of informing family members about your decision to pursue a new home may cause your blood pressure to rise. However, there are many reasons why it often is beneficial to notify family members about your decision to kick off a search for a new residence. These reasons include:

1. You can identify and address potential homebuying hurdles.

Your family typically has your best interests in mind. As such, family members can help you plan ahead for the homebuying journey and resolve any potential conflicts.

For example, family members can help you analyze prospective home financing options. They may even be able to put you in touch with local banks and credit unions that can help you get pre-approved for a mortgage. Then, once you have home financing in hand, you can enter the real estate market with a homebuying budget at your disposal.

2. You can gain homebuying insights that you may struggle to obtain elsewhere.

Family members who previously bought homes may be able to provide you with property buying insights that you probably won't receive elsewhere. With these insights, you'll be better equipped than ever before to understand the housing market and make the best-possible homebuying decision based on your individual needs.

Of course, family members may be able to keep you informed about new houses that become available in your preferred cities and towns too. Because if family members know where you want to find a home, they can help you accelerate your property search.

3. You can receive plenty of support throughout the homebuying journey.

Your family is there for you during good times and bad. If you inform family members about your decision to pursue a new home, they can provide you with comprehensive support throughout the property buying journey. As a result, family members can work with you to help you achieve your desired homebuying results in no time at all.

When it comes to getting help in your quest to discover your dream house, you may want to hire a real estate agent as well. If you have a real estate agent at your side, you can receive expert assistance as you proceed along the homebuying journey.

A real estate agent is committed to helping you find a great home at a budget-friendly price. First, he or she will meet with you and learn about your homebuying criteria. A real estate agent next will craft a personalized homebuying strategy and notify you about new homes that become available that match your property buying criteria. And once you discover your dream residence, a real estate agent will help you put together a competitive offer to purchase this house. Lastly, if your homebuying proposal is accepted, a real estate agent will help you finalize your home purchase so you close on this residence and move into your new house.

Take the guesswork out of buying a house – hire a real estate agent today, and you can seamlessly navigate the homebuying journey.


Ultimately, there is no surefire amount that you should spend on a house. The real estate market varies in cities and towns nationwide, and as such, the prices of houses fall across a broad range. Also, the condition and age of a house – as well as a homebuyer's budget – may dictate how much an individual is willing to spend on a particular residence.

As you search for your dream house, it helps to plan ahead as much as you can. Because if you have a homebuying strategy in place, you can determine exactly how much you can spend to acquire your ideal residence.

Now, let's take a look at three tips to help you get your finances in order before you kick off a house search.

1. Check Your Credit Score

Believe it or not, your credit score may have far-flung effects on your homebuying budget. And if you fail to review your credit score before you embark on a house search, you may miss out on an opportunity to purchase your dream house.

A low credit score may make it tough to get the mortgage you need to acquire your ideal residence. Thus, you may want to check your credit score and find ways to improve it before you begin a house search.

You won't have to break your budget to get a copy of your credit report from the three credit bureaus (Equifax, Experian and TransUnion). In fact, you are entitled to a free copy of your credit report annually from each of the aforementioned credit bureaus. Request a copy of your credit report, and you can learn your credit score.

Of course, if your credit score is low, you can always improve it by paying off outstanding debt. Or, if you find errors on your credit report, contact the credit bureau that provided the report so that you can get these issues corrected.

2. Get Pre-Approved for a Mortgage

Pre-approval for a mortgage makes it easy to enter the housing market with a budget at your disposal. If you meet with a variety of banks and credit unions, you can get pre-approved for a mortgage sooner rather than later.

Remember, banks and credit unions employ friendly, knowledgeable mortgage specialists. Don't hesitate to ask these specialists about assorted mortgage options, and you can select a mortgage that perfectly matches your finances.

3. Consult with a Real Estate Agent

A real estate agent can make it simple to pursue your dream house. This housing market professional will help you narrow the price range for your dream house and ensure you can discover the perfect house without delay. Perhaps most important, a real estate agent is happy to negotiate with a seller's agent on your behalf, ensuring you can get the best price on any home.

Ready to start a home search? Use the aforementioned tips, and you can simultaneously look for your dream house and avoid the risk of paying too much to purchase your dream residence.


The homebuying journey may prove to be difficult, and assorted challenges may arise that make it tough to quickly find and buy your dream house. Whether it's encountering problems during a home inspection or negotiating a house price with a property seller, there is no telling what may happen during your pursuit of your dream home. However, if you know how to handle homebuying challenges that come your way, you'll be better equipped than ever before to enjoy a seamless homebuying experience.

Now, let's take a look at three tips to help you tackle various homebuying challenges.

1. Stay Patient

When you are faced with a homebuying hurdle, it is important to remember that every problem has a solution. Thus, if you take a calm, cool and collected approach to a homebuying issue, you can find the best way to alleviate this problem.

A patient homebuyer usually is a successful homebuyer, and for good reason. If you maintain patience as you navigate the homebuying journey, you can analyze problems that come your way and allocate the necessary time and resources to solve them. And as a result, you may be able to speed up the homebuying journey and acquire your dream residence in no time at all.

2. Consider Your Options Closely

As you encounter homebuying hurdles, you should consider your options closely. That way, you can weigh the pros and cons of potential homebuying decisions and make informed choices as you try to buy your ideal residence.

Sometimes, it may be beneficial to consult with family members and friends too. If you reach out to loved ones for support, they may be able to help you make the best-possible decisions throughout the homebuying journey.

3. Collaborate with a Real Estate Agent

When it comes to purchasing a home, you may require expert assistance. Lucky for you, real estate agents are available in cities and towns nationwide, and these housing market professionals can help you overcome property buying issues.

A real estate agent is committed to your homebuying success, and as such, will work with you to make your homeownership dream come true. Therefore, if you want to acquire a city residence as quickly as possible, a real estate agent can help you do just that. On the other hand, if you want to purchase a small town home at an affordable price, a real estate agent will help you accomplish your desired result.

Let's not forget about the comprehensive guidance a real estate agent can provide as you search for your dream residence, either. A real estate agent can teach you everything you need to know about the housing market. By doing so, he or she can help you identify and resolve homebuying problems before they escalate.

For those who want to streamline the homebuying journey, it helps to prepare. Thanks to the aforementioned tips, you can reduce or eliminate homebuying hurdles and purchase your dream house without delay.


If you discover a house that you want to buy, it generally is a good idea to submit a competitive offer. That way, you can move one step closer to acquiring your ideal residence.

However, the hours after you submit a home offer can be stressful, particularly for a buyer who fails to plan accordingly. Lucky for you, we're here to help you stay calm, cool and collected as you wait to receive a seller's response to your offer.

Let's take a look at three tips to help you get ready to handle a seller's response to your homebuying proposal.

1. Plan for the Worst-Case Scenario

Even the worst-case scenario is not the end of the world for a buyer who is awaiting a seller's response to a home offer. In fact, if a seller rejects your proposal, you can always reenter the housing market and continue your pursuit of your dream home.

As you await a seller's response to your home offer, you should not stop searching for available houses. Because if you continue your home search, you'll have no trouble moving forward in the homebuying journey if a seller rejects your home offer.

2. Consider All of Your Options

If you submit a home offer and a seller says "Yes," what should you do next? Consider how you'll proceed if a seller accepts your proposal, and you'll be better equipped than ever before to enjoy a seamless homebuying experience.

On the other hand, it helps to prepare for a potential counter-offer from a home seller as well. If you are open to negotiating with a seller, you may be able to find common ground with him or her and finalize a home purchase.

3. Consult with a Real Estate Agent

A real estate agent knows all about the stress that is commonly associated with submitting a homebuying proposal. He or she can help you minimize this stress and ensure you can achieve the best-possible results throughout the homebuying journey.

Typically, a real estate agent will work with you to submit a homebuying proposal. This housing market professional then will keep you up to date as you await a seller's response to your offer. And if you have any concerns or questions during this time, a real estate agent is happy to respond to them.

A real estate agent will make it simple to streamline the homebuying journey too. For instance, if a home seller accepts your offer, a real estate agent will be ready to help you move forward with a property inspection and appraisal. Conversely, if a home seller rejects your proposal, a real estate agent will be prepared to work with you to help you discover another house that matches or exceeds your expectations.

The waiting period after you submit an offer on a house may prove to be a challenging time. Fortunately, if you plan ahead for this period, you can maintain your confidence and continue to move forward in the homebuying journey.


Once you move in with a partner, you know you have reached an important milestone in your relationship. For the first time, you could be talking about money with your partner. Whether you’re moving into an apartment or buying a home together, it’s important to break down how you’ll merge your finances together. 


While it’s one of the least romantic conversations that you’ll probably have as a couple, sharing your financial situation is one of the most vital. Below you’ll find some tips on starting that conversation and making it a smooth one.


Be Honest


In any relationship, honesty and communication are key. This is especially true when it comes to finances. There’s a lot that goes into your own financial picture, and it’s important that you share that with your partner. This is important for everything that will happen in the future including purchasing a home. Some things that your partner should know:


  • How much loan debt you have
  • A rough idea of your credit score and history
  • Your income
  • Your spending habits
  • Your saving habits

It’s important to know how another person’s habits will affect you as a whole when you’re thinking of making an investment together like a piece of property. Everyone handles money differently, and you should know how someone’s spending habits meshes with yours. Do they live paycheck to paycheck? Do they save money regularly? Are they financially strained? All of these questions help you to understand where you are similar and where you are different when it comes to money.



Have A Plan For How You’ll Divide Expenses


It may seem like a 50/50 split on expenses makes the most sense. For many couples it does. In other situations, if one person makes more money, they may need to pay a bit more of the costs. Some couples have one person pay the rent while the other takes the utilities on as an expense. Take amounts and percentages that you feel comfortable with and do what wrks best for the both of you. 


Remember that chores count too when it comes to dividing up the “expenses.” This is just an extra tip that will help you to build a stronger relationship in the long term and help to save arguments.


Use A Joint Account For Expenses


You should still keep your own bank accounts when you move in with a significant other.  All of your money shouldn’t be funneled into one singular account. Create a separate bank account for your expenses like rent or mortgage and utilities. All of your personal expenses should come out of your own respective accounts. 


Make Contracts


No matter how much you feel that you can trust a person, it’s always good to put everything in writing. This way, if there are any disputes in the future, you’ll always have a contract that you can refer back to. It’s also important to have these documents for things like security deposits or down payments. If the relationship ends at any point, it’s important for the person who paid for certain things to get their money back.     


Planning and tracking your finances when you move in with a significant other is important. It will certainly make your life easier if you have these conversations beforehand.




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