Many people move to Jackson Hole for the outdoor lifestyle and take jobs to support that lifestyle.  Eventually they get a permanent job and want to stay in Jackson.  The prices in Jackson Hole and the surrounding communities have come down substantially.  People that have been renting in the area are finding home ownership has again become a possibility.

A good way to start the process is to go see houses.  Besides seeing what is on the market, take some time to chat with the agents.  Finding an agent that is interested in helping you with the home buying process is very helpful.  Find someone that seems interested in your needs and your situation, instead of just trying to convince you that the house they have listed is your best choice.

Another important person in the home buying process is someone who will help you understand the loan process and is willing to help you get a loan that suits your circumstances.  I have found that a good mortgage broker is key to making this process work.  Take the time to have a mortgage broker review your finances and help you prepare for home ownership.  Many of the criteria lenders use to decide what loans to make are not obvious to the first time home buyer.

When you look at houses, make notes about what you like and what is important.  See yourself living there and think about how your day will go in that house.  Do you need storage space and a garage?  Are you willing to deal with a yard and landscaping?  Do you need space for pets?  What is a “must have” and what is a positive but not critical?

Many first time home buyers want to stay in Jackson Hole.  Others see an opportunity to get more for their money in neighboring areas such as Teton Valley and Star Valley.  Buyers need to weigh the commuting time with the chance of getting more space and better quality for less money.  Everyone has their own priorities, so take some time and pencil out your plan.