Tips for buying your first house or condo
When searching to purchase your first home, it’s difficult to know what you really should be looking for. First time homeowners have an abundance of questions that they need to have answered before they can take the leap into the #realestate purchasing pool. Here are some tips for making that leap easier.
The first, and maybe the most important tip, is to be patient. Buying a home is not something a first time homebuyer should rush into. You want to ensure that the home has all of your requirements and amenities that you desire. You are going to see a large amount of different homes, some in which you will love but are out of your budget, and some that you just could not stand to see yourself living in. A home is a huge investment, one that is going to require you to live in for many years to make it worth the purchase, so finding one that you truly can see yourself living in is going to benefit you greatly.
Find a REALTOR® you can trust
Another tip is to find a realtor that you trust. Your realtor should be willing to tell you up front when a house has an issue with it, and should also guide you on homes that are within your budget while keeping your necessities in mind. A realtor is your guide to all of the homes in the area you’re looking in, and they have all of the inside scoop. They will also handle the price of a home and can negotiate for you, doing all of the tedious work.
Check your finances
Look at the big picture. You don’t want to get yourself into a financial bind when you purchase a home, so be sure that you can make the down payment, all of the fees associated with the home, monthly payments, and the costs of owning a home. It is suggested that buyers spend no more than 28% of their income on housing costs. Purchasing a home is a financial and time committal situation. As a first time homeowner, you will want to ensure you can afford to buy a home with your current budget, while keeping in mind all of the costs associated with buying real estate. Having a realtor that you trust will help you find the home of your dreams while keeping it in your budget. Being patient is key in making sure you don’t buy out of budget or buy the home you do not want. First time homeowners should be confident in their real estate purchase.
About the Author
Coldwell Banker Mountain Property is pleased to bring you this article on tips for first time homebuyers. Coldwell Mountain Property deals with primarily Winter Park Colorado Real Estate, and Grand County Real Estate. If you are interested in learning more, check out their website today.
Home-Buyer Interview with Real Estate Agent Bo Kauffmann . When I start working with a new buyer, whether its a home-buyer or condo-buyer, I like to start the process with a personal meeting, during which we discuss a number of topics relating to the real estate buying process in Winnipeg. We start by taking a […]
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