What First Time Buyers Need to Know

Five Tips for First-Timers

1) If you haven’t owned a home for three years, you may qualify as a first-time homebuyer and be eligible for a down payment assistance program. I can walk you through this process to see if you qualify.

2) Owning a home costs more than the monthly mortgage payment.  Besides the money needed for a down payment, you should keep in mind the additional costs such as property taxes, homeowner’s insurance, and unexpected repair and maintenance. Let me work with you to determine what you are comfortable with.

3) Get pre-approved for financing so you won’t be spinning your wheels when you find the perfect house. This accomplishes three important goals: 1) you will be able to find the best interest rates; 2) you will stay focused on a comfortable price range, and 3) your offer will be taken more seriously by the seller.  For questions, contact Frank Giuliano at Academy Mortgage. He takes pride in being sure you understand the “money” side of buying a home.

4) Get to know the neighborhoods. Naturally, the right house should be in the right neighborhood. Learn the ins and outs of where a house is located so there are no surprises.

5) Invest in the process. Buying your first home takes time. Almost 80% of all home searches today begin on the Internet. With just a few clicks of the mouse, home buyers can search through hundreds of online listings, view virtual tours, and sort through dozens of photographs. As your realtor, I will listen to your wants and needs and arrange to show only those homes that fit your particular criteria. On average, expect to see 6-8 homes each appointment – anything more than 8 and we simply can’t remember them all.