Planning to Buy a Home in 2025? Start Preparing Now

If buying a home is on your 2025 goal list, it’s never too early to start preparing. A little planning now can make the process smoother and help you get closer to your dream home. Here’s what to focus on:

Check Your Credit Score

Your credit score plays a big role in the mortgage process. Check your score early and address any errors or outstanding debts. Aim to improve your score by paying down credit card balances and avoiding new debt.

Prep Your Budget

Most loans require a down payment, ranging from 3% to 20% of the home price. Start building your savings now to lighten the financial load later in 2025. Don’t forget to budget for closing costs, which typically add 2-5% of the home's price.

Research the Market

Keep an eye on the Bear Lake real estate market to understand pricing trends. Reach out to me and I can set you up with custom email alerts so you stay on top of what available and what’s happening in the market!

Get Pre-Approved for a Mortgage

Even if you’re planning ahead for late 2025, it’s worth exploring mortgage options now. Meet with lenders to discuss your financial situation and learn what you might qualify for when the time comes.

Create a Wish List

Take time to define what you want in a home: size, location, style, and must-have features. This will save time when you’re ready to start touring homes. Think about long-term goals—do you want a vacation rental, a year-round home, or a place to grow into?

Connect with a Real Estate Agent (Me!)

Working with a knowledgeable agent early on can make a huge difference. I’m happy to answer your questions, offer personalized advice, and keep you updated on opportunities in the Bear Lake area.