| Purchasing your first home is a big step
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| | Consult a Real Estate Professional ASAP
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| that comes with some serious decisions.
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| | The most important person in this
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| When you rent, instead of own, you are
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| | transaction is the Realtor that you use.
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| just buying the home for your landlord.
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| | Be selective on how to choose your
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| Buying a home today is so easy there is
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| | Realtor. Look on the web to find some
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| no reason to wait, especially since home
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| | possibilities. Do not just use the first
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| prices have come down. But, hurry! They
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| | one you come into contact with. Talk to
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| are beginning to increase due to buyers
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| | a few and meet in person with a couple of
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| rushing to get into the market at the
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| | agents before you look at homes. Make
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| lowest prices. Mortgage rates are also
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| | sure your agent sold at least 50 homes in
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| good, so the time is now. Here are some
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| | the last year. Anything less than that
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| tips to get you started.
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| | means you are working with a new agent or
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| Before You Begin, Ask Yourself . . .
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| | one that does not have the experience
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| Will you live in the home for at least 3
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| | that will best serve you. This agent
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| years? If the answer is yes, then buy
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| | represents you, so the agent you choose
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| now. You can break even selling after 2
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| | needs to know the area, have a lot of
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| years the way that homes appreciate in
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| | experience negotiating, and be committed
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| this area, so moving anytime after 2
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| | to finding the best home and neighborhood
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| years is profitable for you. Considering
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| | that will meet your needs.
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| tax advantages, you will more than break
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| | Make a list of "Must Haves" & "Wants"
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| even; and, you can write off real estate
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| | It's very important your Realtor know
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| taxes and the mortgage interest. Rent
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| | your criteria in order to find homes that
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| payments are generally the same as your
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| | meet your needs. You can go to to view
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| mortgage payment, so it really doesn't
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| | homes that fit your specifications. This
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| cost you.
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| | will give you an idea as to what is
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| No Down Payment!
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| | possible in your price range and in the
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| Did you know you can buy a home with no
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| | location you want. Once again, select
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| money down? Mortgage companies are eager
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| | your Realtor right away so if you become
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| to loan you money if you have good credit
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| | interested in new construction your agent
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| and your salary justifies the loan
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| | can negotiate for you. You do not want
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| payment. Don't believe it if you are
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| | to not be represented by a Realtor when
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| told you need a big down payment to buy a
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| | you are purchasing your first home. This
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| home . . . that is yesterday's thinking.
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| | is very risky because this is a
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| Get Pre-Qualified
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| | complicated purchase and no
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| This is an easy process. Just call a
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| | representation puts you at a major
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| mortgage company and discuss your
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| | disadvantage.
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| situation. You can call your present
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| | Make a Decision
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| bank or a mortgage Broker. Ask friends
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| | Once you find the best home that meets
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| or family for a personal referral. Use
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| | your needs, take action. Homebuyers
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| someone with a good reputation.
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| | often hesitate and this could mean you
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| Interviewing lenders can be done over the
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| | miss the best home that meets your needs.
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| phone, so interview a couple to find the
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| | If you have chosen a good mortgage
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| right one for you. Besides asking the
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| | broker and a good Realtor, you should
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| current rate, ask about closing costs.
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| | have the facts to make the right
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| Once you select your lender, meet with
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| | decision.
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| them personally and get a
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| | The time is right to buy your first home,
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| pre-qualification letter that spells out
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| | so do not wait. If you have the right
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| what you can invest, interest rate and
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| | team of professionals assisting you, it
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| closing cost. You will now use this
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| | is an easy, wise and exciting process!
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| letter to shop for a home.
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