I have the pleasure of working with 1st time homebuyers this weekend. My clients are relocating from out of state where home prices are astronomical and they are excited about the affordability of homes here in North Carolina. 1st time homebuyers are my favorite - they listen closely to the advice of professional agents and are full of energy, excitement, enthusiasm, and questions. That's when the wheels started turning and I started thinking....
What can I provide to my clients that will help simplify the home buying process? They are young, tech savvy, have their own personal blogs, use my space, realtor.com, etc, etc. That said, I read a post this morning by Karen Krushka entitled Homebuyer's Guide. Karen strikes me as a very traditional agent and she indicated that she has several homebuyer guides- one in Powerpoint, brochure format, and even a bound version. That's when the wheels started turning again and I started thinking......
What about an online reference guide from none other than the powerful gurus from Active Rain? Ken Stampe just started a new group called First Time Homebuyer on 8/23/2007. What a great idea. Since this group is new and my clients will be in town this weekend I'm going to pull together a few reference topics and member posts that my clients might enjoy reading through while they are going through the homebuying process. Feel free to add any links in your comments - I won't be offended.
1. Find a Qualified Buyer's Representative
2. What to expect with the buying process
3. Assess Your Credit and Finances
4. Find the right home
5. Negotiating the contract
7. Inspections & Repairs
8. Closing with an attorney
In some states across the US Title Companies are used for closing. In North Carolina Attornies handle the Title search on the property and the closing details.
9. Agency Law in North Carolina
The North Carolina Real Estate Commission requires, by law, that all real estate agents educate their clients on their rights and options as a buyer or seller in the State of North Carolina. This link provides, in detail, agency law in the state of North Carolina.
10. Special 1st Time Homebuyer Program in North Carolina
The North Carolina Housing Finance Agency (NCHFA) has special programs for 1st Time Homebuyers. There are specific requirements that met including income
restrictions, not having owned a home in the past three years, and the price of the home. For those that are eligible this is a great option.
This should get any online savvy buyer a start and a reference as they muddle through the buying process. You don't have to be Einstein to figure out how to buy a home but being educated and going into the process armed with knowledge will be a blessing.
Wow, you should get an award for this post. Awesomely put together and very well thought out. Great work. You should have put this in one of Byrant contest blogs.
Good luck and I hope this helps with your business.
O great blog.