🏡 What You Need to Know About Real Estate Before Buying a House

What do you really need to know before buying a house?

Buying a home involves more than finding a beautiful property—it starts with understanding your finances, the process, and what truly matters most in your area.
Whether it’s your first home or an investment, preparation turns the experience from stressful to successful.

1. Understand How Much You Can Afford

A general guideline: keep your mortgage payment under 28 % of your gross income and total debt below 36 %.
These ratios help ensure long-term comfort and financial security.

(Sources: NerdWallet, Farm Bureau Financial Services, Real Simple)

2. Factor in Costs Beyond the Purchase Price

Your down payment is just the beginning. Plan ahead for:

• Closing costs: typically 2–6 % of the purchase price

• Property taxes and homeowners insurance

• Private mortgage insurance (PMI) if your down payment is under 20 %

• Utilities, HOA dues, and routine maintenance

Understanding these helps you avoid unpleasant surprises down the road.
(Sources: NerdWallet, Reddit)

3. Clarify Your Priorities

Before you start viewing homes, define your must-haves and deal-breakers. Consider:

• Location and neighborhood

• Lot size and outdoor space

• Proximity to schools, work, and amenities

• Age and structure versus cosmetic appeal

Focus on what can’t easily be changed—layout, foundation, or location—rather than décor.

(Sources: Bankrate, California Department of Real Estate, New York Post)

4. Get Pre-Approved and Work with a REALTOR®

A mortgage pre-approval strengthens your position with sellers. Pair it with a trusted REALTOR® who understands the market, negotiates skillfully, and guides you through each stage—from offers and inspections to closing.

(Sources: Real Simple, National Association of REALTORS®, NerdWallet)

Final Takeaway

Preparation—financial, logistical, and strategic—is the key to avoiding surprises and confidently finding your dream home.

Ready to take the next step?

Contact Marie Clevenger, DRE #02229018, at Coldwell Banker Realty – Carlsbad Office to explore your options in San Diego or internationally. Together, we’ll create a tailored homebuying plan that fits your goals, timeline, and lifestyle.