Tips to Buy a Home

Buying a home is one of the biggest decisions you’ll ever make — and it doesn’t have to be overwhelming. Whether you’re a first-time buyer or you’ve purchased before, the right plan can save you time, money, and stress.

At Vorland Land Company, we help buyers navigate the process with confidence from start to finish.

1) Get Pre-Approved Before You Start Shopping

Before you fall in love with a home, talk to a lender and get pre-approved.

Why this matters:

• You’ll know your realistic price range
• Sellers take your offer more seriously
• You can move faster when the right property hits the market

Common items lenders may ask for:

• Pay stubs
• W-2s / tax returns
• Bank statements
• ID
• Employment information

Tip: A pre-approval is stronger than a pre-qualification and helps you shop smarter.

2) Set a Budget You’re Comfortable With

Just because you’re approved for a certain amount doesn’t mean you should spend it all.

Think beyond the mortgage payment and consider:

• Property taxes
• Homeowners insurance
• Utilities
• Maintenance and repairs
• HOA fees (if applicable)
• Internet / trash / snow removal / lawn care

Tip: Choose a monthly payment that still leaves room for savings and everyday life.

3) Check Your Credit and Avoid Big Financial Changes

Your credit score can affect your loan options and interest rate.

Before and during the home-buying process:

• Pay bills on time
• Avoid opening new credit cards
• Avoid financing vehicles or furniture
• Don’t make large unexplained deposits or withdrawals
• Don’t change jobs without talking to your lender first

Tip: Even small financial changes can delay or impact final loan approval.

4) Understand Your Upfront Costs

Many buyers focus only on the down payment, but there are other costs to plan for too.

Possible upfront costs include:

• Earnest money deposit
• Down payment
• Home inspection
• Appraisal
• Closing costs
• Moving expenses
• Immediate repairs or upgrades

Tip: Ask your lender and agent for a full estimate early so there are no surprises.

5) Make a Must-Have vs. Nice-to-Have List

Before touring homes, make a list of what matters most.

Must-Haves (Examples)

• Number of bedrooms/bathrooms
• Garage
• Main-floor laundry
• Acreage / lot size
• Specific location or school district
• Accessibility features

Nice-to-Haves (Examples)

• Finished basement
• New appliances
• Updated kitchen
• Shop building
• Large deck/patio
• Extra storage

Tip: Knowing your priorities helps you make faster, better decisions when the right home comes along.

6) Research the Area and Think Long-Term

A house is important — but so is the location.

Look at:

• Commute time
• Nearby schools, parks, and services
• Road access and winter travel conditions
• Neighborhood feel
• Future resale potential
• Local property values and trends

If you’re buying in a rural area, also consider:

• Well/septic systems
• Propane or electric heat costs
• Outbuildings and land use
• Gravel road access / snow removal

Tip: A local agent can help you understand details buyers from out of town may miss.

7) Don’t Skip the Home Inspection

A home can look great on the surface and still have hidden issues.

A professional home inspection can help identify:

• Roofing problems
• Foundation concerns
• Plumbing/electrical issues
• HVAC issues
• Moisture or drainage problems
• Safety concerns

Tip: An inspection can save you thousands and gives you better information before closing.

8) Be Ready to Move Quickly (When Needed)

In some markets, good homes don’t stay available long.

To be ready:

• Have your pre-approval letter in hand
• Know your budget and priorities
• Respond quickly to showing opportunities
• Ask questions early
• Be prepared to make a strong, clean offer if it’s the right fit

Tip: Speed matters — but don’t rush so much that you skip your due diligence.

9) Think About Resale Value Even If This Is Your “Forever Home”

Life changes. A smart purchase today can protect you later.

Features that often help resale value:

• Good location
• Functional layout
• Solid structural condition
• Garage/shop space
• Updated mechanical systems
• Well-maintained exterior

Tip: Buy with both your current needs and future flexibility in mind.

10) Work With a Local Real Estate Professional

Buying a home involves more than finding a listing online.

A good local agent can help with:

• Pricing guidance
• Offer strategy
• Negotiations
• Inspections and repair requests
• Deadlines and paperwork
• Local lender/title/contractor referrals

Tip: Having the right team around you can make the process smoother and less stressful.

Common Mistakes to Avoid

• Shopping before getting pre-approved
• Falling in love with a home outside your budget
• Skipping the inspection
• Making large purchases before closing
• Waiting too long to make a decision in a competitive market
• Not asking questions

First-Time Buyer Quick Reminder

You do not always need 20% down to buy a home. There may be loan options available with lower down payment requirements depending on your situation.

The best first step is a quick conversation with a lender and an agent who understands your local market.

Ready to Start Your Home Search?

We’re here to help make the process simple.

• Call or Text:
  Call: 701-947-5626
  Text: 701-789-1768
• Contact Us: Contact Vorland Land Company
• Service Area: Communities We Serve — We proudly serve North Dakota buyers across our regional communities and surrounding areas.