As a first time home buyer there are questions that must be asked.
You are beginning the process of buying your first home and you will
have questions. That is perfectly normal and we are here to answer any
first time home buyer questions you may have.
- Buy or Rent? Which is right for me?
That will depend on many things – how long do you plan to live
in your current area? How stable is the company you work for? Do you
want to have the option to make decorative or structural changes to your
home? Once you determine that you are in a location where you want to
live for at least several years and have the financial ability to
qualify and comfortably pay a monthly mortgage payment, in most cases
the answer should be to buy.In addition to the freedom to
do what you want with your home, you will be building equity in what is
typically a person’s largest financial asset. You should also benefit
from deductions on both your state and federal income tax returns.
- Should I use a Real Estate agent?
You
don’t have to use a real estate agent, however there are many reasons
why you should. Many first home buyer questions can be answered by their
real estate buyer focused agent. When calling the name on the sign (the
listing agent) at best, the agent is neither fully representing either
the buyer or the seller. And worst case, a buyer is not represented at
all. Especially first time home buyers should be represented by a real
estate agent. And the best part is that in almost every case, the fee is
paid for by the seller. Isn’t that great? You are represented by a
professional real estate agent – and the seller pays for it? Why
wouldn’t you be represented in the purchase of any home, but especially
with the purchase of your first home.
- How Much Home Can I afford? And How Much Money Will I Need?Your
lender will be able to help you determine what price range you should
be looking in based on your income, expenses and credit history. The
lender will also go over all of the closing costs. If you would like to
have the names of some great loan officers, just let us know.
- How Do I Find The Right House For Me? Your
real estate agent will have an in-depth conversation with you – asking
you questions such as location, style of home, size of yard, what
features and amenities you are looking for, are you looking for a home
that you can move right in or do you want a home that might need some
work. Only by talking with you about what is important in your new home,
will your agent know what you are looking for. And will only be showing
the homes that are the best match for you.
We have a special gift for our first time home buyers, just Fill out my online form.