Tips for Buying Your First Home

There’s no better time than National Homeownership Month to buy your first home, so let’s make sure you’re ready!  Buying a home can be challenging for a first-timer, especially in this market. There are so many tasks and requirements that might make you anxious to take the first step. So, we’ve compiled a list of everything you need to know to make that first big purchase easier. Here is a rundown of what you need to consider before buying.   Things to Consider Before Buying Your Financial Health - You need to be prepared for both the purchase and the ongoing expenses of a home. The outcome of this audit will tell you whether you're ready to take this big step, or if you need to do more to prepare. How Much You Have Saved - You’ll want at least three to six months of living expenses after your down-payment still in your savings account. There will be considerable upfront costs including the down payment and closing costs. You need money put away not only for those costs but also for your emergency fund. Lenders will require it. Your Spending Habits - You need to know exactly how much you're spending every month—and where it's going. This calculation will tell you how much you can allocate to a mortgage payment. Your Credit - Generally, to qualify for a home loan, you'll need good credit, a history of paying your bills on time, and a maximum debt-to-income ratio of 43%. What Type of Home You Need/Want - You have a number of options when purchasing a residential property: a traditional single-family home, a duplex, a townhouse, a condo, a co-operative, or a multi-family building with two to four units. Each option has its pros and cons, depending on your homeownership goals, so you need to decide which type of property will help you reach those goals. How Much Mortgage You Qualify for - Before you start shopping, it's important to get an idea of how much a lender will give you to purchase your first home. Lenders will look at factors like how much other debt you have, your monthly income, and how long you've been at your current job. What Realtor You’re Going to Work With - Who you work with is super important when buying a home which is why we, Bob Lucido Team, Lucido Global, and Lucido Agency, make it our mission to deliver the Ultimate Real Estate Experience™ by providing incredible value and exceptional service. You need a team you can trust. When you buy or sell with us you don’t get just one agent, you get an entire team of real estate professionals working to serve and guide you through every step of the process.  

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REDDAY

On May 13th, 2021, Lucido Teams all across the country and in Canada celebrated KW REDDAY by participating in local charities and organizations! WHAT IS RED DAY? At the heart of Keller Williams’ culture is our shared commitment to philanthropy. The immeasurable generosity of our team enables us to care for our own, as well as, our communities no matter the magnitude of what is needed.Since May of 2009 all of Keller Williams – from the U.S. and Canada to our family abroad – sets aside the second Thursday of every May to Renew, Energize, and Donate within the communities we serve.     Maryland agents and residents contributed by donating a variety of canned food, boxed goods, and toiletries to the Maryland Food Bank. We also partnered with Legacy Settlement Services in Canton to bring in as many donations as possible!Our Expansion teams participated as well, offering their services and donations to a variety of organizations across the globe. REDDAY snapshots! Scroll to the bottom for more pictures from KW REDDAY!   ORGANIZATIONS SUPPORTED: -Maryland | Bob Lucido Team of Keller Williams Lucido AgencyMD Food Bank-San Diego, California | Lucido Global Youth in Transition-Toronto, Canada | Lucido Global Daily Bread Food Bank-Sarasota, Florida | Lucido Global Girls Inc. -Coral Gables, Florida | Lucido Global Redland Dog Sanctuary-Orlando, Florida | Lucido Global Second Harvest Food Bank of Orlando-DEMD Coastal | Lucido Global TeamLocal High Schools- providing items needed for graduating seniors that cannot afford the essentials when leaving for college or a job ( i.e. water bottles, towels, hangers, power strips, cleaning supplies, batteries, first aid kits, and more).-Tri-Cities/Kennewick, Washington | Lucido GlobalMy Friend’s Place-Pembroke Pines/Miramar, Florida | Lucido GlobalHabitat for Humanity-Plantation, Florida | Lucido GlobalPlantation Hospital-Phoenix, Arizona | Lucido AgencyAgents Benefiting Children-Tampa, Florida | Lucido GlobalCarrollwood Community Food Pantry-Atlanta, Georgia | Lucido GlobalNorth Fulton Communities CharitiesMSG Foundation-DCMetro, Washington DC | Lucido AgencyMartha’s Table Food Shelf-Austin, Texas | Lucido Global TeamPark Cleanup at Givens District Park-Northern Virginia | Lucido AgencyPlanted Native Maryland Bushes in Edmonston, MDPrince William County Food Rescue-Ontario, Canada | Diane Price TeamGood Shepherd Community Food Bank-Miami Beach, Florida | Lucido GlobalFavela Miami-Boca, Florida | Lucido GlobalBoynton Beach Soup Kitchen-Portland/Vancouver | Lucido Global TeamCamp Hope

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