What Every First-Time Homebuyer Should Know

New Buffini Item of Value.  The information below will help you communicate advice to your first-time buyers:

Buying a home is one of the largest financial commitments a person can make in his or her lifetime. It’s especially critical for first-time buyers to make informed decisions about the investment that they are about to make. 

These tips will help make the process easier. 

Define your wants versus your needs.
Making a list of wants and needs before beginning the search for a home can make the entire process less overwhelming. 

Get pre-approved for a mortgage
It is critical that a buyer be pre-approved for a mortgage before going too far in the home-buying process. This enables the buyer to make a very appealing offer to the seller and increases the buyer’s chances of having his or her offer accepted. 

Investigate the neighborhood.
Where are the schools? How far is the nearest hospital or grocery store? Is commercial garbage collection available, or do homeowners dispose of their own trash? These are basic yet important questions that some first-timers may not think of until after closing on a property. 

Insist on a home inspection.
Atten property inspections.  Be aware of environmental concerns and ask questions.

Get help with the details.
Coordinating these and the many details of a move can be overwhelming for even the most experienced homebuyer. I can help guide you through the process and even coordinate related services.

 

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How To Help Your First-Time Home Buyers

Rent vs Buy. Renters are afraid that they can’t afford to buy a home.  Many renters are making payments that are close to or exceed an average monthly mortgage payment.  Rather than wasting their money on rent, help them see the benefit of building equity in a new home.  

Hire the Right Realtor.  Let them know how important it is to hire the right Real Estate Professional and assure them why they should hire you. 
-You know the market
-You’ll guide them through each step of their real estate experience
-You’ll aid them throughout their decision-making process
-You’ll find the home that meets their needs and aspirations
-You’ll take care of all the details and negotiate on their behalf
-And you can assure that they will have a smooth transaction from contract to closing 

Get Pre-approved. Getting pre-approved will allow both you and your buyer to have a full understanding of what they will be able to afford.  This will enable you to show them houses within their budget and will eliminate the frustration of showing them homes they can’t afford. 

Meet Their Needs. Let your first-time buyers know that this is a big commitment.  Find out what their goals are for the future and help them find a home that will meet both their current and future needs. 

Educate Them. Explain the buying process to them.  They need to be aware of what steps will be taken and their responsibilities throughout the entire process. 

Close.  Guide them through the stack of paperwork that often seems overwhelming and assure that they have a smooth settlement.