First Time Home Buyer Basics
If you’re thinking about buying a home in Orange County for the first time you are taking a big step in the right direction.
Every new home buyer will start out where you are at right now wondering what are the first time home buyer basics that they need to know in order to successfully buy an Orange County home.
In this post we will cover all of the basics so that when you sit down with us for the first time you will be prepared to begin the home buying process.
What Is Your Timeframe?
The first question we will ask every home buyer who says that they want to buy a home in Orange County is “what is your timeframe for buying a home?” If a homebuyer says “I want to buy a home soon” they typically don’t have an actual date in mind for when they want to own a home.
For our team of top Orange County Realtor’s at Fred Sed & Associates the word “soon” means that you want to buy a home in three to six months so it’s important to define the date that you want to be a homeowner before you start your home search.
Get Ready For Our A to Z Consultation
After you’ve defined when you want to own a home in Orange County the next thing you should prepare for is our A to Z home buying consultation.
In this meeting we will walk you through the home buying process from start to finish just so you’re fully prepared for what comes with owning a home including all of the financial responsibilities that come with it.
How Much Home Do You Qualify For?
As a home buyer it’s vital that you identify exactly how much of a home you qualify for before we start our home search for you. Knowing the mortgage that you qualified for with your lender will save us time when it comes to finding the home that’s right for you. Otherwise, we could just be looking at homes you may not qualify for and getting your hopes up looking at something that is not realistic or possible right now.
Think About Your Maximum Payment
Although qualifying for a mortgage loan is the first part of the process that you must complete when buying a home the next part that you absolutely must be prepared for is thinking about the maximum payment you can afford.
For example: although your mortgage payment may be $XXX,XX per month you must add onto that any association dues, homeowners insurance, property taxes and other expenses that come with living in a home before you agree to purchase it.
To learn more about buying or selling a home in Orange County or to see which homes are for sale now contact us, Fred Sed & Associates, by calling us at (949) 272-0125 or contacting us through our website.
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