Owning a Home: Tips for First Time Home Buyers
Buying your first home can be confusing and overwhelming, but it doesn’t need to be. Educating yourself about the real estate market and staying informed on the latest trends and tips for buying a home can make the process smooth and seamless.
Before you embark on your home search, remember that a little research can go a long way toward getting you in your new front door — and with minimal stress.
Have your finances in order
Before you start searching for a home, check your credit score. Make sure the facts are correct and fix any problems you discover. Be sure to determine your budget — and take into consideration hidden fees like special assessments and any home repairs or renovations you need to make once you move in. Even when you’re eager to move toward a sale, shop around to make sure you’re getting the best deals on your loan/mortgage rates.
Seek help from a real estate agent
Find an agent you can trust to help you throughout the whole home buying process, from searching for a home in the neighborhood you desire to placing an offer that will stand out and even navigating a successful close. You don’t want to make an offer in haste before you’ve thoroughly researched the market’s availability, and your real estate broker will know
the market better than anyone.
Some of the most common mistakes homebuyers make occur because there’s little awareness of the common pitfalls. Your real estate broker already knows what is necessary to prevent potential negative situations, so utilize your resources.
Get a home inspection
Faults in your home may not catch your attention at first glance. When deciding to not invest in a home inspection, you’re risking incurring extra expenses and discovering hidden defects in your house. Being educated about the current condition of your home is worth the low up-front fees and will lessen the likelihood of incurring pricy home repairs when you move in.
Be careful when examining homes that need to be fixed up. You might end up pouring more money and time into it in the long run than you think.
For more tips visit: Six tips for first time home buyers
WRITTEN BY @PROPERTIES
“This post originally appeared on the @properties blog"