Pre-Approval
Many buyers start looking for a house online, going to open houses, calling agents when they see “for sale” signs on the lawn, and even scouring newspapers. However, it’s not the best thing to do. It’s like putting the cart before the horse.
Get Pre-approved for a mortgage before even starting to look for a house at all!
Down Payment
One of the biggest concerns and hurdles many first time home buyers have about becoming homeowners is the need for a downpayment.
You do not need to put 20% down, there are different type of loan programs available for 1st time home buyers.
Credit
How is your credit looking?
It doesn’t need to be perfect. But the better it is, the better your mortgage interest rate will be and the more mortgage products you’ll be able to choose from.
The Influence
It's awesome to have parents and friends who want to look out for you in life! It's great to have their input with one of the biggest purchase of your life, BUT!
Here is some advice...
Open House
Going to open houses seems like an obvious and good way to start looking for a house to most people. But in a nutshell, going to open houses causes many buyers to make poor decisions, rash decisions, and costly mistakes that most buyers don’t even realize were caused by going to open houses
Realtor
Many buyers are more concerned about finding the perfect house than finding the best real estate agent to work with. They figure they know what they’re looking for and that they’ll know it when they find it. BUT!
Location
You’ve probably heard the old real estate adage “location, location, location.”
You can have three exactly similar houses, all in entirely different locations, and the location will be what makes one worth more or less than the others.
Warranty
A huge concern for any home buyer is, that they’ll buy a house and something will go wrong with the house after they buy it.
You know, like the roof leaks, the furnace or air conditioning stops running, a pipe bursts, or appliances break.
Budget
There’s nothing better than a good stretch after sitting for a few hours straight, right?
But stretching your budget when buying a house?
Not so much!
Commitment
One of the most common hang-ups first-time buyers deal with is fear of commitment.
Buying a home is a commitment, no doubt, and it’s a serious commitment that you need to be ready and prepared for.
The Right Time
A pretty common question people have is whether it’s a good time to buy a house.
”If you’re around enough of these conversations, it can sound like it’s always the perfect time to buy a house!
So when is really the right time to buy?
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