First Time Home Buyer Advice – Get important tips before making a major decision to buy property for sale. These suggestions will keep you peaceful and happy.
Hello again…Kevin here…
…and now it’s time for an easy review of things to keep in mind when getting rid of your monthly rent and experiencing the joys of home ownership.
Home Buying Process
Buying a new home can be a challenging process especially for first-time buyers. First-time real estate buyers sometimes get tempted to quickly buy the first house they see and that is within their price range.
To help you get the best out of your home purchase, this article gives you the best tips for Florida first time home buyers.
In other words, what you should consider before and during the buying process itself.
What To Consider Before Buying
It is important to first consider your long term plans. Is homeownership part of your plans?
If yes, then you can consider transforming the rent payments to a mortgage payment that makes you a happy homeowner.
Below are a few things to consider before buying property for sale…
Type of Home
There is several options of residential property that are available to choose from, for example,
- a condo (also known as a condominium)
- a single family home
Examine each type and choose the type of home that suits…
- your plan,
- you and your family,
- and matches your home ownership goals
Keep some level of flexibility as you decide on the specific features of your desired home and that it closely fits your wants and needs.
Mortgage Help to Buy
Get to know in advance how much mortgage (home loan) you qualify for before you start looking for the property.
Inquire how much you can get from the lenders for financing your first home.
The amount of mortgage you get from lenders is largely dependent on your income and other debts that are still owed to you.
It is important to know the amount of the down payment that you can afford and also keep in mind the other costs such as…
- homeowner’s insurance cost
- real estate property taxes
- house improvement cost (renovation)
- maintenance costs
Real Estate Agent
Consider getting assistance from a real estate agent. The agent will help you locate a home that meets your goals and is within your target price.
The agents are professionals that can also assist you during the entire buying process that includes making your offer and completion of all the paper work.
All of this saves you the time, energy, and effort.
Buying Process for First Time Home Buyer Advice
This section tries to explore all that is expected during the buying process.
It is a time when offers and counter-offers are expected.
However, preparation helps you go through the process without going crazy. Here are basic expected steps…
1. Decide on the home
Seek lots of opinions before you choose the house to purchase.
Consult you real estate agent, friends, search for online listings or even visit the neighborhoods during the day and at night.
The buying process will only begin after you find the home you want.
2. Home inspection
Having decided on the home you want to buy, get a trained professional to inspect the property for safety, quality, and overall conditions.
This is very important first time home buyer advice!
If the inspection uncovers hidden danger then the seller should make repairs before you make an offer. Otherwise proceed to make an offer.
3. Make an offer
Your agent will assist you in helping you make the right decisions on how to offer and the conditions to ask for.
What follows next is the acceptance of offer or counter offer. The offer will be changed until you and the seller reach an agreement.
The deal will be closed by both the seller and the buyer signing the documents.
Conclusion of First Time Home Buyer Advice
The tips above should help you get started in filling the gaps in your home buying knowledge.
Remember, knowing the process beforehand will help you get a home that you desire without any trouble.
Comments or Questions
If you have any comments or questions about my first time home buyer advice, buying pre construction homes, or about other Florida homes for sale, please feel free to contact me today…
I’m always available to help you and your family experience the joys of homeownership. Have a great week!
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