First-Time Home Buyers


First-Time Home Buyers

Congratulations on taking the first step towards buying your first home! It’s an exciting time, but it can also be overwhelming. Here are some tips to help you avoid common mistakes and make the process smoother:

Pre-Qualification: Meet with a mortgage broker to determine how much you can afford to pay for a home.

Pre-Approval: Getting pre-approved will make you a more attractive buyer to sellers and help you avoid disappointment by looking at homes outside of your budget. With pre-approval, the buyer applies for a mortgage and receives a commitment in writing from a lender. The costs are nominal and can be paid at closing.

List of Needs & Wants: Make two lists – one for must-haves and another for wishes. Be realistic, and keep in mind that you may not get everything on your wish list.

Representation by a Professional: Consider hiring a real estate agent who works for you, the buyer, not the seller.

Focus & Organization: Keep handy the items that will assist you in maximizing your home search efforts. These may include maps, lists of properties, paper, pen, and a camera.

Visualize the house empty & with your decor: Does the layout fit your needs? Is there enough light?

Be Objective: Don’t make a hurried decision based on emotions. Does the home really meet your needs?

Be Thorough: Spend a few extra dollars now to avoid big expenses later. Don’t forget essentials like inspection and mortgage contingencies, and request a second walk-through to ensure no changes have been made without your agreement.

All of this may seem overwhelming, but that’s why having a professional represent you and keep track of all the details is highly recommended. Contact us directly to discuss any of these matters in further detail. As your trusted real estate partner, we’re here to help you every step of the way.