If you find yourself checking Zillow religiously more than checking your Facebook feed, then for sure you are ready to get started. But checking homes on Zillow, Trulia or other websites is just the tip of the iceberg. And before you get tons of calls and your email gets flooded with drip campaigns from all the realtors in your area, we prepared something for you if you're ready to take the first step in owning your first ever home.
Top Tips for First Time Home Buyers
Find a Neighborhood
As they always say in Real Estate, it's all about Location, location, and location! And this is one of the first things that you should consider if you're deciding to set down roots. Whether you're relocating because of a job or moving to a new place, it's important to narrow down the neighborhood or town that you want to move in. Do a drive thru when you can and check the driving distance to your work or school for your kids. Research about the town and the neighborhood, this will give you an idea
Pre-Qualified Vs. Pre-Approved
Sure, pre-qualification is the initial step in getting a home loan. It acts as a dry run for the loan application process. The downside to just getting a pre-qualification is that it is non-binding to the lender as the process does not include a thorough verification of the applicant.
Getting a pre-approval, on the other hand, is taking it one step further in securing the home loan that you need to purchase a house. It means that the buyer has serious intentions in the home loan application process.
Sellers would require that potential buyers have proof that they are capable of buying a home. If you are out looking for homes, talking to a mortgage lender should be at the top of your list.
Check out our blog about 5 Things You Need to Get that Pre-Approval Letter 👇
Here are five things you need to know to get one step closer to owning that dream home. ...
Hiring the Right Agent
If you're looking for your dream home and you want the perfect guy for the job, hiring a buyer's agent are your best bet to get the job done. But with the real estate market in full throttle and realtors are everywhere, how do you find the right guy for you?
Easy. Find someone whit a proven track record of sales and who can help you get the best deals on the market. Social media can be a big help in checking for reviews and feedback about the realtor that you want to work with. The right agent will listen to what you need and want and help you find the right home for you.
Check out our blog about Why Hire Realtors 👇
Say No to Fixer Uppers
Many buyers are attracted to purchasing a fixer upper house as they are relatively cheaper as compared to other homes on the market. The more affordable price tag is appealing to most especially for first time home buyers, and they would often think that the house shows potential and would just need just a li'l bit of loving. But truth be told, fixer uppers requires a lot of time, money and effort but if you're not cut out for the challenge, then it's time to stop looking at fixer uppers.
Get to Know the Process
Buying a home for the first time is not rocket science. But getting to know the process beforehand will save you lots of time and money along the way. Do research on the home buying process and have a sit down with your agent so he can explain to you the aspects of buying your first home. Don't be afraid to ask questions or clarify with your agent about things that you are unfamiliar with.
Buying a home for the first time is no easy feat. It could even be terrifying at times. But having the right people working with you, having the right team can make it as seamless as possible.
If you're looking to buy for the first time and you need professional help, we at Your Premier Home Team and Signature Premier can help you find your dream home.
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