Start Saving For Your New Stephenville Home

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If buying a home is something on your radar lately, now is probably the perfect time. Affordability is extremely high, which makes many renters ready to take the leap into home ownership. The key to buying the smart way in today’s market is having the proper funds and financial stability in place. Here are some general rules to follow.

Practice saving for large investments. In order to get to this point you need to commit 100% to the goal of home ownership. Don’t spend all of your income every month. Start getting in the habit of saving 10% to 30% of your income. Don’t go into the process if you’re already in a large amount of debt.

Create a budget. Put down on paper exactly what you are making, what you are spending, and on what. It will probably surprise you. Save receipts and put together the facts. From this point you can start cutting out the unnecessary items. Maybe step down on your cable package, or limit how often you eat out.

Once you have decided what you are able to cut out, set up a savings account. Figure out where the savings is coming from and funnel that money into a savings account immediately. A great idea is to just schedule automatic transfers into your savings account so you don’t even see the money in the first place.

Making these little changes to your life will build up that savings and have you in the market to buy your dream home. We are local real estate agents and experts on Erath County. If you would like to learn more about buying or selling a home here we would love to help.

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“Eric & Jamie Hayden were great to work with. They are very responsive and know the area well. They have a great team around them that made the process of selling very easy. We were out of state during the sale and they went above and beyond to assist in coordinating with us. Definitely recommend!”