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How do I go from renting to owning?

I'm hoping to buy a place in a couple years. Currently I rent. How do I go from renting to owning?
Asked By Damien | i don't know, FL | 794 views | Buying | Updated 2 years ago
Answers (6)
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Expert
360 Answers
Amanda Courtney

REP Realty Group

(13)

It is just a matter of taking it one step at a time:

Check your credit: You don't need a perfect score, but you need to know where you stand so there are no surprises.

Save for a down payment: You might not need 20%. Many loan programs allow you to buy with as little as 3.5% down.

Get Pre-Approved: Talk to a lender to find out exactly what you can afford.

Find an Agent: Work with a pro who can guide you through the contracts and negotiations so you are protected.
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Semi-Pro
47 Answers
Lynne Pruell

Realty 100 LLC

(16)

Start saving a down payment
Check your credit score
Get pre-approved for a mortgage
Find a real estate agent
Go shop for a home!

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Rising Star
17 Answers
Nicole Parker

Dennis Realty & Investment Corporation

(17)

Definitely speak with a Realtor in your area. They will be able to advise you on the steps towards home ownership including recommendations for lenders you could work with. Then speak with a lender to see where you are at as far as credit score, and buying power. They can tell you what steps you will need to take to get to a position to buy, how much you should have in savings for a down payment and closing costs, and any other issues you may have to work through on your credit. Once you have taken care of all of that, and you are ready to go call your Realtor and they will help you find the perfect home for you! Good luck!
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Novice
6 Answers
Gitta Urbainczyk PA

Gitta Sells & Associates Keller Wiliams Heritage Realty

(148)

The first step is to speak to a mortgage professional. They will analyze your situation and give you advice on what you should do to get to home ownership.
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Novice
3 Answers
Debra Stack

Jones & Co. Realty

(12)

Hi Damien, what you can be doing during your renting years is save money for your down payment and closing costs, and get pre approval ready by working on your credit score if needed.
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Novice
1 Answer
Brianna Alfaro

Dalton Wade Inc

Damien! Step 1: Find an Florida Realtor
Step 2: Have that Realtor direct you to a lender that can fit your needs
Step 3: That Lender will either give you a pre-approval OR guide you on what you need to do to obtain a preapproval
Step 4: SHOPPING!

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