Buying a home can be a really fun process, but it can also be overwhelming. After all, there are a lot of different options for physicians when it comes to home loans. Plus, let’s be honest, after spending so much time in school and in training, it’s really important that you find a house you love – something you enjoy coming home to after a long day taking care of patients.

So, in order to ensure you do actually get the perfect house at the right price, it’s very important to follow the five tips below.

 

  1. GET A WRITTEN MORTGAGE PRE-APPROVAL LETTER
  2. KNOW YOUR PRIORITIES WHEN IT COMES TO YOUR FUTURE HOME
  3. TAKE YOUR TIME
  4. WORK WITH A HIGHLY EXPERIENCED AGENT
  5. LOCATION, LOCATION, LOCATION

 

Ultimately, if you take your time when selecting a lender, your real estate agent, and choosing a home to buy, you’re less likely to make mistakes that could cost you in the long run. Just remember not to rush the process as this is a huge investment, probably only second to the investment you made in your medical education.

If you want more details about the five tips listed above including some important words of caution when selecting your real estate agent, check out the full post on the Physician Wealth Services blog.

Also, check out the discussion in the DMD FaceBook group surrounding installing a pool. Pools are expensive! Buy a home with a pool installed and put those saved $$ towards your man cave.

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Ryan Inman is a fee-only financial planner who specializes in helping physicians and their families build a solid financial future through his firm, Physician Wealth Services. As the husband of a pediatric pulmonologist and member of DMD, Ryan has a unique insight into what it’s like to be a part of a physician family and thoroughly enjoys helping his clients. To schedule a free 30 minute consultation, feel free to contact Ryan at any time.