The financial news we hear every day seems to have gotten to a lot of would-be home buyers. I hear from some of them that the market conditions are just too bad for them to proceed... but that's just not true!
Right now is quite possibly the best time to get into the market, if you are financially and emotionally ready for it. With low rates, low prices, low costs, and decreasing inventory -- the real estate market is ripe for the pickin' and ready for those smart buyers to act now. To find out home much home you can afford, check out this home affordability calculator from CNN Money.
"In today's market the vast majority of buyers are first time buyers, move-up buyers, and investors," according to J. Lennox Scott, chairman and CEO of John L. Scott Real Estate. "These three groups of buyers are moving forward with the opportunities that exist thanks to low interest rates, increased affordability, and a strong selection of homes to choose from." (http://www.nwrealestate.com/nwrpub/common/news.cfm)
I realize that buying a home, in any market, can be a daunting task. That's why you hire a professional, like myself, who can walk you through every step of the way and help you understand the process. There are many things I can say about the high quality of service the Egerer & Weidauer Team provides to our home seller and home buyer clients, but probably none would be as credible as testimonials and stories from some other homeowners who have went before you and offer their experience. Your First Home- The Proven Path to Home Ownership, is packed with inspiring stories and the wisdom of thousands of successful first-time home buyers, it's a must-read for anyone aspiring to buy a home, and we are offering free to our readers (Read more for details).
FrontDoor.com, a real estate site from HGTV, has available a step-by-step process to buying a home. Those steps include; (http://www.frontdoor.com/news/article/1978)
1.) Evaluating Your Life & Finances
Take a good look at your situation and crunch the numbers to see if this is the right time for you to buy.
Gather your financial documents and talk to lenders and mortgage brokers. Find out how much you can borrow and on what terms.
3.) Finding a House
Research neighborhoods that fit your lifestyle. Browse for-sale listings online and look at houses. Talk to real estate agents.
4.) Closing the Deal
Negotiate with the seller and make an offer. Get the house appraised and inspected. Sign the paperwork and the keys are yours!
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The Egerer & Weidauer Home Team works with a lot of first time home buyers and is always available to answer any questions you have about purchasing a home. Feel free to follow the link above for Your First Home and request a free copy from our website.
206.661.7256 Keller Williams Realty North Seattle 360.990.4083
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