Dear First Time Buyer,

Buying a home should be more exciting and less scary!


If you are currently in the market for your first home, you probably have lots of questions. You are about to be making an important decision for your future, a great investment of both money and time. I have a wealth of experience helping first time buyers like you make sound, informed decisions. Here are some tips that can help make your home buying process successful:


  • Tip #1: Do Your Homework

     The perfect home won't find you by itself. The key step in buying a home is doing the proper research. Educate yourself on local schools, neighborhoods, and the kinds of homes available. By reading available materials and talking with experts, you can start to put together your idea of the perfect home.


  • Tip #2: Start Planning

      Most decisions benefit greatly from proper planning, and home buying is certainly no exception. Start a filing system with sections such as home buying, home financing, and service providers. By forming a home buying plan, you can more easily focus on the most important factors and help give structure to the entire process. 


  • Tip #3: Get PreQualified

      Getting prequalified for a loan normally only requires a short phone conversation with a lender, and can greatly help your home search. Prequalification does not guarantee you a loan, but it does provide you with an estimated monthly payment and price range to use as a guide when shopping for homes. Being prequalified can also often indicate to sellers that you are a serious, prepared buyer.


  • Tip #4: Look for Value

      When Shopping for homes, it's important to consider potential value. Even if you're not planning to sell the home sometime down the line, it's a good idea to consider the future value of the home. Protect yourself against things like falling prices and gradual shifts in the nature of the neighborhood. You may not think of a new home as a means to make money, but it's an important investment that requires caution.


  • Tip #5: Decide What You're Looking For

      Settle on the home features that are important to you (covered parking, hardwood floors, architectural style, etc.) and make an ordered list. Having well established guidelines will help narrow down your search and will prevent you from being shown properties that lack your key amenities. It can help you make the decision not to buy and attractive property that doesn't really fit your needs. 


  • Tip #6: Relax

     You don't have to make an offer on the first home you see. Make sure to look at other listings in the area to get a feel for the marketplace. When you decide to make an offer on a house, consult with your real estate professional so that all of your questions are answered. 


  • Tip #7: Shop Around for Your Mortgage

     Deciding on the financing for your home can be as important as choosing a home itself. The first step is deciding what kind of loan best fits you: a fixed rate mortgage, or and adjustable rate mortgage (ARM). There are benefits to each form of loan, and your real estate professional can provide you with a list of excellent loan officers that will discuss every option.


  • Tip #8: Protect Yourself

     Be careful when signing a contract on a home that allows you to find financing, have the home inspected, and work through any problem areas that may arise. Paying for a quality home inspection is absolutely crucial! You can save yourself thousands in repair costs by being sure of what you are getting into.


Call me and don't be afraid to ask all of your questions! (719) 237-0633