5 Tips For The First Time Homebuyer

by Cecilia Kleiner 07/18/2023

 

If you're buying your first home, it can be overwhelming. We are here for you every step of the way. Here are some tips that may help you.

 

Be Ready to Adjust Your Search

You may realize that the range of options in your budget is limited. Make a list of 'must-haves', such as outdoor space, proximity to downtown, a garage and a home that requires no immediate repairs. 

Explore Your Loan Options

There are many different loan programs out there. You want to know which loan program is best for you. For first-time homebuyers, your best bet is to work with a trusted loan officer who can advise you on which program is best suited to your financial situation.

Home Inspections Aren’t That Scary

One part of the homebuying process is the home inspection. The home inspection is insightful, and will help you learn alot about your future home.

There’s More to Negotiate than The Price

When most people think about negotiations between a homebuyer and seller, price is the first thing that comes to mind. However, there are several other negotiation points to consider if you want to increase the chances of your offer being accepted. These include being flexible with your closing date, making a larger down payment, covering a seller’s closing costs and even waiving certain contingencies. 

Pad Your Budget for Closing Costs

Even though homebuyers must be given an estimate of closings costs prior to closing, it’s still difficult to know exactly how much you will owe since credits, prorations and taxes can fluctuate even up until the day of closing. For this reason, its best practice to budget extra for your closing costs. Being financially over-prepared is always better than being caught off guard.

 

About the Author
Author

Cecilia Kleiner

Your Trusted Resource for Real Estate

@properties shares my commitment to offering the most comprehensive and professional marketing, sophisticated technology, and expert market knowledge, supporting the highest standards of service and representation you expect and deserve. With local leadership and national and international reach, I bring results to clients wherever their buying and selling goals take them. I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.  

I appreciate and welcome your inquiry, real estate need, or referral!