First-Time Home Buyers

If you're a first-time home buyer, this guide offers valuable advice and insights to help you avoid common pitfalls during your home-buying journey.

Pre-Qualification: Start by scheduling a meeting with a mortgage broker to determine your affordable home purchase price. This is the most important step in purchasing a home.

Our preferred lender Kasey Home Loans would be happy to speak with you. Not only are they patient but the availability of options and pricing is unmatched.

Pre-Approval: While knowing your budget is crucial, sellers will require buyers that are pre-approved for a mortgage. Pre-approval involves formally applying for a mortgage and receiving a written commitment from a lender. This demonstrates your seriousness as a buyer and prevents disappointments due to unrealistic price expectations. Pre-approval's are free and reduce common probelms caught much later.

Lists of Needs & Wants: Create two lists – one for essential requirements (e.g., the number of bedrooms necessary for your family's size, single-story homes for accessibility) and another for desirable features (e.g., a pool, a den). While it may be challenging to fulfill every wish, these lists help focus your search.

Professional Representation: Having a real estate agent who works exclusively for your benefit as the buyer is a huge advantage. We're able to negotiate the best price along with terms such as seller concessions that can greatly benefit you.

Stay Organized: Keep essential tools close at hand to streamline your home search. These tools may include detailed maps highlighting preferred areas, records of properties your agent has shown you, notepads for taking notes during visits, and a camera to capture images of homes you've toured for reference.

Visualize Your Space: Envision the house both empty and with your decor. Assess whether the layout and lighting meet your requirements.

Stay Objective: Rather than being swayed solely by emotions, approach each home with a critical eye. Ask yourself if it genuinely fulfills your needs, considering that numerous options are available in the market. The right home can pop up on the market at any time.

Be Thorough: Invest wisely to potentially save substantial expenses down the line. Consider including inspection and mortgage contingencies in your written offer, hiring a professional inspector to assess the property, and scheduling a second walk-through within 24 hours of closing to verify that agreed-upon changes have been implemented as expected.

While these steps may appear overwhelming, having a dedicated professional by your side to manage these details is highly recommended. Please feel free to reach out to us directly to delve deeper into any of these topics or discuss your specific needs further. We are here to support you in your home-buying journey.