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Tips for First Time Home Buyers

If you are currently in the market for your first home, you probably have lots of questions. You are about to be making an important decision for your future, a great investment of both money and time. I have a wealth of experience helping first time buyers like you make sound, informed decisions. Here are some tips that can help make your home buying process successful:

  • Tip #1: Do Your Homework

  • The perfect home wonít find you by itself. The key step in buying a home is doing the proper research. Educate yourself on local schools, neighborhoods, and the kinds of homes available. By visiting my website and reviewing properties, you can start to put together your idea of the perfect home.
  • Tip #2: Start Planning

  • Most decisions benefit greatly from proper planning, and home buying is certainly no exception. By marking your favorites, you'll start a file that we can review together. My website is a great resource for property information.
  • Tip #3: Get PreQualified

  • Getting prequalified for a loan normally only requires a short phone conversation with a lender, and can greatly help your home search. Prequalification does not guarantee you a loan, but it does provide you with an estimated monthly payment and a price range to use as a guide when shopping for homes. Being prequalified can also often indicate to sellers that you are a serious, prepared buyer.
  • Tip #4: Look for Value

  • When shopping for homes, itís important to consider potential value. Even if youíre not planning to sell the home some time down the line, itís a good idea to consider the future value of the home. You may not think of a new home as a means to make money, but itís an important investment that requires careful consideration.
  • Tip #5: Decide What Youíre Looking For

  • Settle on the home features that are important to you (covered parking, hardwood floors, architectural style, etc.) and make a prioritized list. Having well established guidelines will help narrow down your search and will prevent you from being shown properties that lack your key amenities. It can help you make the decision not to buy an attractive property that doesnít really fit your needs. My website has a search feature that allows you to filter thousands of listings based on attributes that you select. If you know you want a brick house with gas heat and a garage, you can get the results youíre looking for.
  • Tip #6: Relax

  • You donít have to make an offer on the first home you see. Make sure to look at other listings in the area to get a feel for the marketplace. When you decide to make an offer on a house, consult with your real estate professional so that all of your questions are answered.
  • Tip #7: Shop Around for Your Mortgage

  • Deciding on the financing for your home can be as important as choosing a home itself. The first step is deciding what kind of loan best fits you: a fixed rate mortgage, or an adjustable rate mortgage (ARM). There are benefits to each form of loan, and your real estate professional can provide you with more information.
  • Tip #8: Protect Yourself

  • Paying for a quality home inspection is absolutely critical! You can save yourself thousands in repair costs by having a professional evaluate the soundness of the home you are considering.

More information for first time buyers can be found on my website, or by giving me a call. Iím confident that I can provide the kind of exceptional service that will make this process a rewarding one. Donít hesitate to contact me with any questions you may have, I would love to be of assistance to you.

 
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