First Time Buyer Advice
Meet with a mortgage specialist and see if you can get pre-qualified for a loan. Sellers will be much more responsive to serious buyers who are pre-qualified and do not require a financing condition.
- Know What you Want
Make a list of what you need and want in a home. Once you know exactly what you are looking for in a home, your real estate agent will be able to begin searching for your dream home.
- Get Professional Representation
Hiring a real estate professional will ensure that each step in the home buying process is as stress-free as possible. Your representative will be able to provide you with essential market information and recommendations on ideal properties that fit your criteria.
- Be Objective
Often enough, first time buyers get emotional when purchasing their first home. It is important to keep an objective state of mind and think with your head, rather than your heart. Does this home really meet your requirements? With so many homes on the market, there is no need to make a hurried decision that you will regret in the future.
- Home Inspection
Acquiring the services of a professional home inspector can save you thousands of dollars in the long-run. A home inspector will evaluate the home and reveal any repairs or damages that need to be fixed. Being aware of any structural damage to the home before closing will prevent you from being liable for any repairs in the future.
Your Home Buying Plan
- Choose Your Representative
Even if you’re just thinking of buying a home, contacting a real estate agent can provide a wealth of valuable resources. You can get access to a wide range of information that will allow you to be prepared when you are ready to make the next step.
- Find Your Price Range
The best way to find out your price range is to speak to your lender. A mortgage pre-approval will assure that you are ready to purchase a home. It will also allow you to develop a budget and know exactly what to look for when searching for a home.
- Know What you Want
Develop clear specifications on the type of home you want. This includes: price, neighborhood, accessibility, distance to work, schools, etc. Knowing what you want will put you one step closer to finding the home of your dreams!
- Find your Dream Home!
Once you know exactly what you want and your price range, you will be surprised how much your buying representative will be able to assist you. Before you know it, you will be waking up in the home you’ve always dreamed of!
Why a Home Inspection?
Whether you are looking to buy or sell a home, you should have a professional home inspection conducted. If you are buying a home, a home inspector will ensure the systems and foundation of the home are free from severe damages that may increase your liability in the future. Likewise, if you are selling a home, failing to receive a satisfactory home inspection will make it very difficult to sell your property.
General home inspection items include:
- Structural elements of the home (walls, ceilings, floors, roof, foundation etc)
- Exterior (landscaping, grading, elevation, drainage, windows, trim etc)
- Roofing (ventilation, framing, gutters etc)
- Plumbing (drain, waste, pipes, toilets, showers, sinks etc)
- Electrical (circuit breakers, main panel, wiring, grounding, exhaust fans, light fixtures etc)
- Appliances (dishwasher, oven, garbage disposal etc)
If you are purchasing a home, you need to know any underlying issues with the home before you close the deal. A professional home inspector will disclose any known problems with the home that may affect your buying decision.
If you are selling a home, you should know about any hidden problems before your home goes on the market. Usually, any buyers will require a professional home inspection as one of the contingencies before they decide to purchase. If the inspector addresses any serious problems, the buyer will likely back away from the deal. Any issues with the home should be fixed before your home is put on the market. This will make selling your home a lot easier.