A new year often inspires change—whether it’s setting personal goals, embracing new opportunities, or planning for the future. If one of your goals includes finding a new home, whether it’s your very first or you’re ready to move up into something bigger, The Schrader Group is here to guide you. As real estate experts, we understand the steps required to prepare for homeownership in 2025 and will ensure you’re in the best position to succeed. Here’s how you can start preparing now:
1. Evaluate Your Current Financial Position
Whether you’re a first-time buyer or a current homeowner, understanding your financial health is the first step. For first-time buyers, this means reviewing your credit, creating a budget, and saving for upfront costs like a down payment. For those planning a move-up, it’s also important to assess the equity in your current home and how it can help fund your next one.
2. Get Pre-Approved and Explore Mortgage Options
Getting pre-approved for a mortgage is crucial for both first-time buyers and move-up buyers. If you’re selling your current home to fund your next purchase, we can help coordinate timelines and introduce programs that ensure a seamless transition. Some loan options offer flexibility with lower down payments, while others cater to buyers using equity from their existing homes.
3. Save Strategically
While first-time buyers may focus on saving for a down payment, move-up buyers should also plan for potential upgrades or customization in a new home. Start setting aside funds now for expenses like moving costs, new furniture, or renovations in your future home. While traditional loans often require 20% down, many options allow for much lower down payments—some as low as 3%.
4. Plan for Timing
For current homeowners, timing is everything. Do you need to sell your current home before buying a new one? Programs like our Guaranteed Sale Program or Move-Up Program help bridge the gap, so you don’t feel rushed during the process. For first-time buyers, timing may involve preparing your finances early and watching the market to find the right opportunity.
5. Work with a Trusted Real Estate Partner
Whether you’re a first-timer or a seasoned buyer, having an experienced real estate agent makes all the difference. At The Schrader Group, we guide buyers and sellers through every step of the process. We can help you find the best options for your needs—whether it’s a new-build home, rural land, or a pre-owned property.
What Makes The Schrader Group Different?
We offer unique programs tailored to buyers at every stage of life:
• Buyer Assistance Programs: Financial support to make your dream of homeownership a reality.
• Move-Up and Guaranteed Sale Programs: Ideal for homeowners transitioning into their next home without the stress of overlapping timelines.
• Lease Buy-Out Assistance: Helping renters step into homeownership sooner by easing the transition from lease to purchase.
The New Year is a perfect time to take stock of your goals and create a plan for the future. Whether you’re buying your first home, moving up, or downsizing to fit your needs, The Schrader Group is here to help you every step of the way.
Let’s make 2025 the year you achieve your dream home. Reach out to us today to start the conversation!