First-Time Home Buyers
If you are a first-time home buyer, follow these steps to avoid common mistakes when buying your first home.
- Representation by a Professional: Hire your own real estate agent. Look for an advisor, teacher & advocate, not just a salesperson. Prepare a separate wants & leads list for your agent to begin the hunt.
- Pre-Qualification & Pre-Approval: Meet with a mortgage broker and find out how much you can afford to pay for a home. This allows a seller to know that you are a serious buyer.
- Be Thorough: A few extra dollars well spent now may save you big expenses in the long run. Ask your agent about contingencies, inspections and a final walkthrough.
With the right real estate agent, the above steps should not be overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended.