Smart Homebuying: Nick Statman’s Essential Tips for First-Time Buyers
Taking the leap into homeownership can be both exciting and overwhelming—especially in today’s competitive market. Maybe it’s that cozy bungalow or the perfect townhouse that caught your attention, but navigating rising prices and fast-moving listings can feel daunting. Fortunately, with guidance from property expert Nick Statman , you can enter the market with confidence and clarity. Here are his top tips for first-time homebuyers. Start With a Clear Financial Picture Before you begin scrolling through listings or visiting open houses, it's essential to assess your financial readiness. Review your income, savings, and debts to determine how much you can realistically afford—not just for a mortgage, but also for closing costs, property taxes, homeowners’ insurance, and long-term maintenance. Nick Statman recommends getting pre-approved for a mortgage early in the process. Pre-approval not only gives you a realistic budget to work with but also shows sellers that you're a s...