Important Tips for First Time Buyers

Buying a home for the first time can be daunting, but I’ve had plenty of experience with helping first time buyers find their new home. Check out some of my favorite tips for first time home buyers below!

Common First-Time Home Buyer Tips

1. Ask questions of your lender. Don’t miss out on the best deals. Such as:

  • “what is my best down payment strategy?”
  • “How can I maximize my current financial status?”
  • “Does my payment include taxes, insurance?”
  • “Can I pay these separately, does it make sense to pay these separately?”

2. Be ready to act quickly if necessary. It’s important to ask yourself some questions to be prepared, like:

  • Do you have your pre-approval ready?
  • Do you know that this is an affordable move for you?
  • Do you know how the buying process works?

It’s also important to know your financial position, talk to a mortgage lender at the beginning of your search, and discuss the timing of when you would actually move.

3. Find the right agent who’s willing to help you through the home buying process.

4. Discuss options to make their offer look appealing to a seller. This can include dollar price, possession period, payments, and inspection results.

5. Discuss resale before making your offer. The average first-time buyer only stays in a home for four years.

Source: Real Estate Checklists and Systems, www.realestatechecklists.com.