Although buying your first house can be exciting, it can be one of the most stressful things you have ever done. All first-time home buyers have a different location, price range, wants list, needs list and a different expectation on how the home buying process should go. These 5 tips will help you keep on track and help you along the way.
1) Find a lender/real estate agent. Although many first-time homebuyers like to look through all 100 of the real estate websites out there, looking at too many houses can be stressful and time consuming. Finding a lender and real estate agent as your first step, will save you time and a lot of hassle. Doing so, will also help you find the best and newest houses on the market. You also don’t want to be looking at houses that are below and above your price range. Finding a lender and determining what you can afford (and what you want to afford or spend) and get approved for, will be sure to help narrow down your selections.
2) Narrow down your wants list. Take everything you want in a house, and determine your deal breakers. For example, if you want 4 bedrooms, but can handle 3, be sure to let your real estate agent know. You could miss a great house, with all of your other wants and needs, by searching homes with 4+ bedrooms. If you search by your needs, you may be surprised as to how your wants change and/or how some homes may not have everything you want, but extras you never knew you would want. So be sure that your wants are flexible, otherwise tell your real estate agent that it is a necessity.
3) Have fun. Depending on the market (which is something your real estate agent can help with), houses can move very fast and very slow. Know that if it is meant to be, it will be. Depending on the home you are purchasing, and its state, purchasing a home may take longer than expected. Have fun and enjoy the process! Have fun narrowing down your choices and picking a handful of homes to tour!
4) Ask away. Luckily for you, chances are this isn’t the first time your real estate agent has been through purchasing a home. If you are nervous or have questions, ask them! Be open to their opinions, for it is their job to read what you want and help you by doing the research on what homes you may love! Be open and honest on your thoughts on the homes they may send you, so they can better understand your taste! If you are not sure about anything on a home you are sent, ask! There is never a dumb question and they know you are new at this process!
5) Make sure it is the one. Don’t let the excitement of moving into a new home, make you move too quickly. Although sometimes homes do move fast, make sure it is in your price range, budget, wants and needs. It can become frustrating and just remind yourself that you don’t want to settle. This is a large purchase and hopefully one you can enjoy for many years to come!
If you have any questions or need help buying a first time home, be sure to contact us! Also if you would like to listen to our podcast from July 19th on First-Time Homebuyers click here for more helpful information!