First Time Home Buyer Advice

 

Mortgage Pre-Approval

Your agent can put you in touch with various mortgage lenders to determine if you can get pre-approved for a mortgage loan, as well as determining how much you can afford to pay for a home. Sellers will be much more responsive to serious buyers who are pre-approved.

 

Know What You Are Looking For

Make a complete list of what you need and want in a home. This takes some careful thinking and planning, and sometimes requires you to be able to separate your wants from your needs. Once you know what you are looking for in a home, your real estate agent will be able to begin searching for your dream home.

 

Find a Real Estate Professional

Utilizing a real estate professional will ensure that each step in the home buying process is as stress-free as possible. Your representative will be able to provide you with essential market information and recommendations on the properties that fit your criteria. They will also be able to help you with every step of the process from finding your dream home, to negotiating an offer, to finalizing the deal.

 

Be Objective

Often enough, first time buyers, as well as all buyers, get emotional when purchasing a home. It is important to keep an objective state of mind and think with your head, rather than your heart. Does this home really meet your requirements? With so many homes on the market, there is no need to make a decision that you may regret in the future. Your agent can help keep you calm through the process and ensure you know what is available on the market.

 

Home Inspection

Using the services of a professional home inspector can potentially save you thousands of dollars in the long-run. A home inspector will evaluate the home and note any repairs or damages that need to be fixed or corrected. Being aware of any structural damage to the home before closing will prevent you from being liable for any repairs in the future.