What do I do first if I want to buy a home? FIRST TIME HOMEBUYERS

By
Real Estate Agent with CA Coastal Estates- Luxury Real Estate CA BRE 01329427

WHAT DO I DO FIRST IF I WANT TO BUY A HOME?

That is the first question I have been hearing a lot lately....

First and foremost, you ask yourself the question? Am I ready to be a homeowner? IF, THE ANSWER IS, "YES". Then, your first steps are as follows:

 

1.) See a Mortgage Broker or your local Bank or Credit Union. (Keep in mind that Credit Unions typically have tighter guidelines) This way you know if you are approved to start your HOME SEARCH. Also, your loan officer will tell you what price range of homes you will be looking at........

Be ready to give your loan officer

  • two years tax-returns
  • two recent pay stubs
  • two month's bank statements

2.) Decide what area you want to live in. Do you have a special criteria? Such as, how many bedrooms must I have at a minimum? Is there a minimum square footage I must have? Fireplace? Pool? Is lot size important? Walking distance to the beach? (that is my favorite!)

3.) Start looking on the web to narrow down the area (78% of homebuyers are searching the web first) to see what's out there

4.) If schools are important, then check school districts and reports for the area

5.) CHOOSE A REALTOR(R), not just an agent, a REALTOR(R). WHY? Experienced, licensed, guidelines with the state and board, highly recommended and we take an oath to be ethical in all real estate transactions. If, you want to be sure you have a licensed REALTOR(R) in the state of California go to: www.dre.ca.gov and go to License Look-up. You can see if that particular REALTOR(R) is licensed, been suspended or when he/she has been licensed. If, you are in another state, just google department of real estate (type your state).

GOOD LUCK! If, you are looking for a REALTOR(R) in Southern CA, highly recommended and a Ceriftied Residential Specialist, amongst many other certified designations, call  Lauren Selinsky 949-310-4960 direct or text. I look forward in working with you.

Posted by

   

  lauren 

  

 CA COASTAL ESTATES, INC.

 LAUREN SELINSKY -PEREZ

CEO, REALTOR® CA | BRE01329427 

STEVEN SELINSKY, BROKER, JD | BRE01720364 

USING CUTTING EDGE TECHNOLOGY FOR TODAYS MARKET

t.888.908.7770X2305 |f.888.553.5485

CA Coastal Estates, Inc. Virtual Offices:

Aliso Viejo | Corona Del Mar | Laguna Beach   

Irvine

homes@LaurenSelinsky.com 

SEARCH HOMES NOW

 

 

        

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Bob Miller 06/07/2012 02:36 AM
Topic:
Real Estate Best Practices
Location:
California
Groups:
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Tags:
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Rainmaker
727,220
Bob Miller
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi LAUREN, great post.  So good in fact that I took the liberty of re-blogging it and suggesting it for a featured blog!

Jun 07, 2012 02:38 AM #1
Rainer
534,949
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Hi Lauren,

This is excellent information you have provided today on purchasing a home. I especially appreciate the first and last step you have shared. BTW, I like the appearance of your Active Rain Blog. 

Jun 07, 2012 03:49 AM #2
Rainmaker
3,050,407
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great info Lauren.  I would also like to tell them to drive though the neighborhoods they are considering to get a feel for them as well.

Jun 07, 2012 04:54 AM #3
Rainmaker
498,187
Lauren Selinsky CRS ePro
CA Coastal Estates- Luxury Real Estate - Corona del Mar, CA
Southern CA Real Estate Specialist #oclauren
Bob- :D thank you so much.... For suggesting a feature and re-blogging ;) It's great to help with understanding the first steps.
Jun 07, 2012 09:27 AM #4
Rainmaker
498,187
Lauren Selinsky CRS ePro
CA Coastal Estates- Luxury Real Estate - Corona del Mar, CA
Southern CA Real Estate Specialist #oclauren
David, thank you so much... I tend to be a bit more creative during the wee-- hours. ;)
Jun 07, 2012 09:30 AM #5
Rainmaker
498,187
Lauren Selinsky CRS ePro
CA Coastal Estates- Luxury Real Estate - Corona del Mar, CA
Southern CA Real Estate Specialist #oclauren
Gabe, I almost added that on the line of the "know where you want to live", but I figured if they are not local they can't do that.... I could mention, if you are local? Plus, I do suggest that when Buyers are ready to go see a property and they have a list of 20 and they are literally scattered! Into other cities.
Jun 07, 2012 09:33 AM #6
Ambassador
1,420,116
Kevin B. Tolbert PA Team Keller Williams Realty of Port St Lucie
Keller Williams Realty of Port Saint Lucie - Port St Lucie, FL
Million Guild Certified Luxury Home Specialist

Three things you need to do first in order to buy a home.. prequalify, prequalify, prequalify.  Oh and did I mention, prequalify or you are not seeing a single home today.

Jun 07, 2012 05:21 PM #7
Rainmaker
399,586
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

A great starting recap for your first time homebuyers, or even for those that have purchased before. Sometimes they forget the process since they purchased a few years back.

Jun 07, 2012 09:15 PM #8
Rainmaker
498,187
Lauren Selinsky CRS ePro
CA Coastal Estates- Luxury Real Estate - Corona del Mar, CA
Southern CA Real Estate Specialist #oclauren

So funny Kevin... True though.... It's a requirement with offer these days... Don't want to waste anyones time...

 

Good point John! Great re-cap in case it's been a while for some buyers or think that some things have changed.

Jun 07, 2012 09:29 PM #9
Rainer
50,860
Diana Foster
Braselton Real Estate Group, Inc. - Jefferson, GA
Realtor- Helping you find the perfect home!!

Great points for buying a home. Especially the pre qualify part. Hope you don't mind if I re-blog. Thanks so much. 

Jul 04, 2012 11:21 PM #10
Rainmaker
498,187
Lauren Selinsky CRS ePro
CA Coastal Estates- Luxury Real Estate - Corona del Mar, CA
Southern CA Real Estate Specialist #oclauren

Absolutely Diana~ no prob... ;) and thank you...

Jul 09, 2012 01:42 PM #11
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Rainmaker
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Lauren Selinsky CRS ePro

Southern CA Real Estate Specialist #oclauren
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