First Time Home Buyer

5 Things First - Time Home Buyers Must Know

  • How much Home Can I afford?
    You will need a professional and trusted mortgage professional to determine this. They are also many mortgage calculators online, but they simply do not have the ability to consider all aspects of your individual financial profile. Your Real Estate Agent should have several mortgage professionals for to interview and to help you find one that is right for you.
  • How to choose the right real estate agent.
    There is a great deal of unfamiliar paperwork that you will encounter during your home buying journey. You will need an agent who is able to explain what it all means and how to correctly fill it out. Find an agent who listens to you, and understands your individual needs, wants, and abilities. They should have a proven track record and should besomeone that you click with. You will be spending a fair amount of time with them over the next couple of months.
  • There is no such thing as the perfect home.
    You’ve dreamed about your ideal first home forever, and don’t want to settle for anything less. More times than not waiting around for the “perfect home” you might just end up empty handed, and possibly paying more than you would have if you had bought earlier. Real Estate is all about compromise.
  • Do your Homework.
    Never buy a home or make any payments without researching it’s condition or any other consideration, like a homeowners association. Make sure you add contingencies to your contract like home inspection, appraisal, and financing. These safeguard contingencies will give you the legal right to back out of the deal if something is not right, or something goes wrong.
  • Know Your Tax Credit options.
    There are several tax breaks new homeowners may not be aware of. The right agent will be able to point out many of these benefits along with the lender, and your tax prepare.

These are the very basic things that you need to know. Choosing the right real estate agent can make all the difference in the world.  An experienced agent knows everything you need to know and can anticipate every aspect you will deal with from start to finish.

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