So you want to take advantage of the low prices in the real estate market. Good idea! It is an excellent time to buy! But where to begin?

First and foremost, you need to talk to a bank for a pre-approval letter. Primarily based on your credit score, a bank will tell you how much you will need to put down for a down payment. 3%, 5%, 20%? This piece of information is crucial to understanding what price range to look in.

Next, think of what is important to you in a property. Is it school systems? A garage? A renovated kitchen? Begin working with a real estate agent to look at properties that fit your criteria. Expect to see multiple properties over a period of time. Looking at many properties can help you determine what *really* is most important to you and what upgrades for which you are willing to pay more.

However, don't fall into the trap of wanting to look...and look...and wait to see what else comes on the market. It's one thing if you don't see anything that you love--then of course, keep looking and be patient. BUT if you see a property that you love and works for you, consider making an offer. I've seen many of my clients who wait to make a move on their first choice because they assume the property will continue to stay on the market and be available whenever they decide to make an offer on it. Not true! If a property is priced well, it will move! So don't assume it will always be available for you!

I always suggest buyers work with a real estate agent to help navigate through the market, the housing inventory and the intricacies of buying real estate...especially for first time buyers.

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Real Estate in Central Massachusetts
Worcester Property Management LLC is a full service realty firm who specializes in buying and selling real estate in Worcester County and central Massachusetts. Worcester Property Management LLC also offers condo association management and apartment rentals. Visit www.worcestermanagement.com for more information.