Tips for the 1st Time Home Buyers in the Marketplace today.
1. Make sure that your finances are in order. Get a copy of your credit report and see what it looks like. Correct any blemishes on your credit.
2. Mortgage and down payment is the next step in preparing to purchase a home. Talk with a qualified loan officer to get preapproved for a mortgage. Your Realtor can help you locate a qualified loan officer.
3. Do your homework before looking at houses. What is important to you in a home? Let your Realtor know exactly what you are looking for in your first home.
4. What is your move in date? When must you be in your new home? That will help determine what kind of listing you should see and if you may need a place to stay while waiting for closing.
5. How long are you planning to stay in your first house? This will influence the type of mortgage and home that you buy.
6. Review the total cost of all expenses involved in owning a home. Don't become house poor.
7. What professional are you going to hire to help with home inspections?? Is a home warranty a good thing to buy? Ask questions.
8. Remember that there may not be the perfect house out there. Try to be realistic about what type of home you can afford at this time.
9. Choose the best Realtor in your marketplace to help you.
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