Buying your first home is an important and exciting investment in your future. It can also be an intimidating adventure. The problem is that you don’t know what you don’t know, and that lack of knowledge can cause you to make significant and costly mistakes. It doesn’t have to be that way though. There are many skilled professionals available to give advice and guide you through the process. There is also a lot of general information available from many different sources including the internet, books, videos, etc. but there is no substitute for the experience of someone who has done it before and is willing to guide you through the process from beginning to end. A real estate professional who specializes in working with first time homebuyers knows the steps and knows how to steer the new buyer through the maze to a successful conclusion.
Many buyers believe that the first step after deciding to buy a house is to go on the internet and start looking at houses. The process really begins long before that step is reached. Part of the decision to buy a house has to be asking yourself the question “can I afford to buy a house at this time, and if so, how much can I afford?” There are many factors that have to be considered in order to answer that question and the best source for help in answering that question is a loan officer from a reputable mortgage company or lending institution. All lenders are not the same so it is important to choose one with a stellar reputation that will be there when it is time to deliver the money to the seller. With the upheaval in the credit and financial markets in recent months, lending rules have changed dramatically. So not only do you need an experienced real estate agent, you need an honest, dependable lender that knows the new, ever changing, rules and is there to help the new buyer select the right loan program for them.
It isn’t enough for an agent to be able to write an offer and present it to the seller. Agents who help first time homebuyers must also be willing to be teachers who can take the time to fully explain the myriad terms used in real estate and guide them to a successful purchase. With an uncertain future in real estate, it is important to not pay too much for a house. You need good advice from an experienced agent to help you offer the right amount for your dream house. If the market continues to go down, you don’t want to be stuck with a house that is worth less than you paid for it. Buying a house isn’t complicated but there is a definite process that must be followed or the buyer most likely will lose direction and become frustrated. Remember, you are probably buying the most expensive investment in your life and you want it to be a successful, enjoyable experience.
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