First time homebuyers may not know when or if theyshould be moving to purchase a home. Before you eventake the time to place an offer or take tours of homes inyour area, there are five different metrics that you canuse to know when it's time to find homes for sale inPark City Utah.

5 Signs You Should Investin a Home

It's fairly simple—the higher your credit score, the lower yourmonthly payments. If your credit score is as healthy as can be, youwill get much better rates on a loan when purchasing your home. Ifyour credit score needs work, then work on that first. You'll savemoney in the long run if your end game is to purchase a home, andyou will also have more time to consider your full range of options.Never rush in with bad credit.

Your Credit Score is Great

You've Test Run the Debt

If you've found a range of prices and mortgages that you canafford, the next step is to do a “test run” and see if you can livecomfortably with the imagined cost burden of those mortgagepayments in addition to all of your other living expenses. There aregreat calculation tools online that can help you to figure out whatyour monthly obligation will be. Detract it from your monthlyincome, and put it in the bank. At the very least, you'll be savingmoney.

You Can Cover Down Payment and Closing

On average, you should look to have at least 10% prepared fordown payment on a home, but that figure can be up to 20%. It canalso be as low as 4%. 10% is a comfortable medium. For closing,you could pay as much as $4,000.

You Have an Emergency Fund Prepared

Apart from these savings, you also need an emergency fund. Thatamount should be worth anywhere from three, to six months ofyour income. This will cushion any unforeseen events and costs,from medical, to structural repairs.

Windows

As with the roof, the age of the windows will be an indicator as towhen and if they will need to be replaced in the near future. Olderwindows lose energy efficiency, and cost you more every month.

Your Job (and Income) are Secure

Things may be gilded right now, but times change, and so dofinancial opportunities. Only purchase a home if you have financialsecurity that extends within the foreseeable future. Otherwise, youmay find yourself burdened with monthly payments you can'tafford.

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