Those Lovely First-Timers

By
Real Estate Agent with Coldwell Banker Towne Realty

Every time I work with first-time buyers, it reminds me of why I got into this business.  First-time buyers want to look at every home in their price range.  However, is that a wise thing to do?  This is why having a trustworthy, qualified Realtor is so important. Article One of the Realtor's Code of Ethics requires us to have integrity, be honest and fair in all dealings with all parties.  If you don't trust your Realtor this could cause problems in the home-buying process.

An experienced, well-trained agent will select homes based on your wants and needs.  Many times we've shown several of the homes on your list and can tell you why you may want to skip a house.  Unfortunately, family and friends will sometimes get the first-timer's hopes up with dreams of purchasing a fixer-upper.  While it is possible to buy HUD homes that need minimal work, it can be difficult.  Some foreclosures have so much damage or neglect that they don't qualify for FHA financing.  Ironically, most buyers start out with an FHA loan. 

I would never insult a client's intelligence and by no means do I know everything.  However, I do have experience and skills that make me good at my job.  Many times, emotions are ruling over judgment when first-time buyers start looking at homes.  It's my duty to help them make the best, informed decision.  After all, your home is your most expensive investment.  I want to make sure you enjoy it in the years to come.

Comments (7)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Thanks for article. We learn a lot from Active Rain blogs. Best Regards

Jan 22, 2010 01:00 AM
Kim Bush
Coldwell Banker Towne Realty - Montgomery, AL
The Neighborhood Expert

I've been learning from this great community too!

Jan 22, 2010 01:03 AM
Sarah, John Rummage
Benchmark Realty LLC, Nashville TN 615.516.5233 - Nashville, TN
Love Being Realtors® in the Nashville TN Area!

It's hard to tell any of us some things, Kim. I find that if you work with first time buyers, you have to go through the process.  If they want a fixer-upper, let them see what one looks like.  They usually see really quick that they don't want to tackle the repairs, and move on to one in better condition.

Sarah

Jan 22, 2010 01:05 AM
Sarah, John Rummage
Benchmark Realty LLC, Nashville TN 615.516.5233 - Nashville, TN
Love Being Realtors® in the Nashville TN Area!

It's hard to tell any of us some things, Kim. I find that if you work with first time buyers, you have to go through the process.  If they want a fixer-upper, let them see what one looks like.  They usually see really quick that they don't want to tackle the repairs, and move on to one in better condition.

Sarah

Jan 22, 2010 01:05 AM
Kim Bush
Coldwell Banker Towne Realty - Montgomery, AL
The Neighborhood Expert

You're right, Sarah.  Every time I show them what they think they want, they change their minds quickly!  Of course, everybody has a different definition of "move-in ready'".

Jan 22, 2010 01:09 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

1st time buyers can be excellent to work with because more of them are grateful just with the fact they can get into a home.

Jan 27, 2010 11:44 PM
Kim Bush
Coldwell Banker Towne Realty - Montgomery, AL
The Neighborhood Expert

So true, Bill!  It's almost like watching kids at Christmas...priceless!

Jan 28, 2010 01:12 AM