Summary
Discover how assembling a "Kitchen Cabinet of Advisors" to help you navigate the home buying process can help you make smart decisions at every step.
Whether you’re on a mission to find your first home or looking to upgrade, assembling a “Kitchen Cabinet of Advisors” takes home hunting to a whole new level. Just as a President relies on their Cabinet, you’ll want a team of trusted advisors to help you navigate the home buying process.
Navigating the real estate market and interest rate changes requires a solid strategy and trusted guidance, and having the right mix of experts and familiar faces can help you master the complexities of buying a home and navigate family dynamics, partnerships, and the unexpected.
Let’s introduce you to your Kitchen Cabinet of 5!
Older Relative: The Voice of Expertise
Start by seeking advice from a seasoned veteran: your parent(s), relatives, family friends, or a trusted mentor. People who have gone through the home buying process before can tell you what they wish they knew from the jump.
Ask them about their first home purchase, the mistakes they wish they had avoided, and how they managed unexpected challenges. Their experience will help you avoid common pitfalls and make smarter financial choices.
Significant Other: Your Dream Collaborator
Making smart financial decisions requires you and your partner to be in sync. Sit down together and create a checklist of must-haves and deal breakers. Ease your anxieties and build excitement for your future plans together so you can best pursue your goals.
As you set your couple expectations, regularly revise your vision board and take a hard look at updating your budget. Together, you are each other’s greatest financial champions!
Friend With Kids: The Family Planner
If you are planning to start or grow your family, take some time to sit down with someone who has walked the parent path. They can tell you what to expect from a major investment like buying a home. A home is more than four walls; it includes a broader neighborhood community and school district. This cabinet member can help you think more broadly and make sure you are aware of how the home helps the family thrive.
A Realtor Friend: Subject Matter Expert
Having a subject matter expert in your corner can make all the difference. Whether it’s a real estate pro you know personally or your trusted realtor, their expertise on market conditions, neighborhoods, and the finer details is invaluable. If you have questions on the nuances of the home buying process, make sure you schedule time with them to go through your concerns in detail. Remember, real estate is about location, location, location…so focusing on the neighborhood, and even the street of a new home, is important.
OneUnited Bank Representative
Upgrade your Kitchen Cabinet of Advisors with a OneUnited Bank representative who can guide you on building generational wealth through homeownership. It doesn’t stop with simply purchasing your home, it extends to how you plan to pass down wealth and build a money mindset for the next generation.
We offer some of the best mortgage loan programs for single-family or multifamily property in Boston, Los Angeles, and Miami, and our programs aim to make homeownership more accessible in the communities we serve. Connect with our loan consultants to learn more about our first-time home-buying program, which includes down payment and closing cost assistance.
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Your Kitchen Cabinet of Advisors is ready! From navigating interest rates and school districts to family planning and financing, your cabinet has you covered.
As you work towards buying your first home or as you look to make your next upgrade, tap into their expertise to make the smart money moves that build generational wealth.
