How Do I Know If I’m Ready to Buy a Home?
Buying a Home: More Than a Financial Decision
Purchasing a home isn’t something you wake up and decide to do overnight. It’s a milestone - one that requires a balance of financial stability, personal readiness, and long-term vision. So how do you know if you’re truly ready to take that step?
Let’s break it down.
1. You Have a Steady Income and Manageable Debt
A consistent income is one of the strongest indicators you’re ready to buy. Lenders look for employment stability and a healthy debt-to-income ratio - ideally, your total monthly debts (including a future mortgage) should be under 43% of your gross income.
If you’re already budgeting comfortably, paying down debts, and have extra each month to save, you’re setting yourself up for success.
2. You Have Savings Beyond the Down Payment
While the down payment gets most of the attention, homeownership comes with closing costs, inspections, moving expenses, and maintenance. You’ll also want an emergency fund for unexpected repairs or changes in income.
A good rule of thumb: have at least 3–6 months of living expenses saved in addition to your home purchase budget.
3. You Know Your Credit Score (and It’s in Good Shape)
Your credit score affects your interest rate, loan options, and overall affordability. Before house hunting, check your credit score and review your report for errors.
A score of 620 or higher generally qualifies for most loans, but a 700+ score can unlock lower rates and better terms - saving you thousands over time.
4. You’re Ready to Put Down Roots
Buying a home is a long-term commitment. Ask yourself:
Am I planning to stay in this area for at least 3–5 years?
Does this community fit my lifestyle or career goals?
Am I ready to take on the responsibilities that come with owning, not renting?
If your answers lean “yes,” it might be the perfect time to invest in your future rather than pay rent to someone else.
5. You Understand (and Are Excited About) the Process
From pre-approval to closing, there are several steps in buying a home - and having a trusted real estate partner makes all the difference.
Working with a local expert like Eterno Realty Group means having a team that walks you through financing, inspections, and negotiations with confidence. Our goal is to make the process feel less stressful, and more empowering.
6. You’re Thinking Long-Term
A home isn’t just where you live - it’s where you build equity, stability, and memories. If you’re focused on long-term goals like financial growth, community involvement, or creating a space that’s truly yours, that’s a clear sign you’re ready to buy.
The Bottom Line
You don’t need to have every box perfectly checked to buy a home - you just need a clear picture of your goals and a team to help you get there.
At Eterno Realty Group, we’re here to help you figure out what “ready” looks like for you - whether that’s now or six months from now.
Ready to talk about your next move? Let’s schedule a no-pressure conversation to see if buying makes sense for you.
📞 Call or text us at (678) 932-1230 or send us a DM to connect with one of our local agents today.