How Early Should Muslim First-Time Homebuyers Prepare? The Answer May Shock You 

Planning to transition from a renter to a full-pledged homeowner can be exciting for most people, especially when you’re a young couple starting out in life. As a Muslim first-time homebuyer, you might be wondering how soon you should start planning for this life-changing move. After all, buying a home is basically just browsing listings, saving for a down payment, and moving in… right? 

Well, it involves a lot more than just that. But don’t worry, your friends at ijaraCDC are here to get you started on the right foot. Grab your pen and paper, and let’s talk about this topic, shall we? 

Experts Weigh In on Muslim First-Time Homebuyers’ Dilemma

According to some of our preferred real estate professionals, Muslim first-time homebuyers should begin their homebuying journey at least six months ahead. If possible, you can even go as far as a year in advance if you’re buying a home for the first time. 

“Why six months?” I hear you asking through the screen. 

See, buying a home isn’t just about taking note of what you’re looking for in your first home and scrolling through the listings on websites. The time allotment is primarily intended to ensure your finances are ready, as the process from your initial offer to closing can be completed relatively quickly. 

Additionally, this also gives you the opportunity to secure a pre-approval, which can help you purchase the home. Investors that ijaraCDC works with may require some documents to process your pre-approval, which could take time if you don’t have them on hand at the moment.  

One important note: pre-approvals don’t last forever. They’re more like yogurt than canned food. So make sure to confirm timelines with your ijaraCDC expert. 

Ready to start your pre-approval? Talk to us today to begin. 

More Room for Muslim First-Time Homebuyers to Deliberate 

Another advantage of preparing early is that it gives Muslim first-time homebuyers time to consider more things before signing on the dotted line. This includes the proximity of the home to important establishments, the neighborhood they want to move into, and other non-negotiables, among others. 

Then there’s the economics of homeownership to look into. Remember that your expenses don’t end once you grab the keys – in fact, that’s just the beginning. After moving in, you’ll have ongoing costs to factor in, like power bills, home insurance, and monthly home payments. You also need to save up for potential repairs and maintenance, as they’ll be dropping by sooner than you think. 

Proper Planning for Clear Decision-Making 

Homeownership isn’t a race—it’s a long-term commitment. As a company with over 20 years of experience, ijaraCDC always encourages Muslim first-time homebuyers to slow down, plan properly, and enjoy the journey. 

When your finances are in order and your options are clear, the move from renting to owning feels a lot less stressful—and a lot more exciting. 

And trust us: future-you will be very thankful you started early.