Advice for first time homebuyers

If you’re about to embark on home buying for the first time then perhaps you need to read our latest article by our real estate expert, Deb Sarsany of the Deb Sarsany Team at The Real Estate Group, because, with more than 20 years’ experience, she has some top tips for you. 

I’m often asked ‘what is your advice for first-time homebuyers,’ so I thought I’d put pen to paper, so to speak, and tell you. 

•    First of all, you need to make sure you can afford to buy a home and secure that all-important mortgage preapproval. In order to do so, you will need to contact a local lender who will walk you through the very quick and easy process. Most lenders can do this over the phone and in as little as 30 minutes. Be sure to inquire about first-time homebuyer grants that can assist with your closing cost and down payment. 

•    Before you begin the house hunt it’s best if you have a list of things you want versus the list of things you need. Think of what neighborhoods you like, school districts you desire, and your lifestyle.  

•    Be flexible, no house will meet your wish list exactly. You may need to compromise in certain areas to get what you want. Consider what things you can eventually change and what things you can’t.  

•    When it comes to first impressions it only takes a matter of seconds to make up your mind about someone or something. When searching for a home, remember, this house could be a diamond in the rough with plenty of potential.

•    If you’re looking to gain a return on your investment do your research and purchase in an area with a good school district, which is also close to amenities. 

•    If you find a home that you really like, and there’s time to take a second viewing, I’d highly recommend that you do so. This second walkthrough will allow you the opportunity to do a thorough inspection. 

•    Talking about inspections, make sure you talk to your Realtor about which inspections should be done. The inspector will look for any problems with the infrastructure of the home from plumbing to the electrical. You may want, or need, a septic, well, mold or radon inspection. This is especially important if you are looking to purchase an aging or older home. 

•    Try not to get stuck on the list price of a home; most sellers are negotiable. When making the offer consult with your Realtor who will provide you with market reports to help you make a reasonable offer. Your agent will also guide you through the details and complexities of the contract such as; deadlines, inspections, contingencies, title work and closing procedures. 

•    When you find a property you really like take a little time to think about it, but don’t wait too long or you might lose the opportunity to purchase the house of your dreams. Remember the home you want to think about tonight is the same home another buyer saw yesterday. 
For more top tips about buying or selling a home visit Deb’s Facebook page