Tips for First-Time Home Buyers
With the unique position our housing market is in many buyers who have been previously on the side lines are now jumping into the fray trying to purchase a home. Many of those who have been on the sidelines are first time homebuyers and don’t know where to begin when purchasing a home. Today’s helpful tips comes from the article “First-Time Buyer Tips” by Phoebe Chongchua.
Firstly you must know what your credit score is. With all the standards that banks and other lending agencies have you might as well know where you stand on the scoreboard. Knowing is half the battle! Then you can decide where to go from there, if you want to get a hard money loan or a standard 30 year fixed rate loan.
Start saving now. Whether you have the downpayment already or not. No matter what home you’re buying there will always be spending you have to do that you didn’t originally anticipate. Regardless of it’s the plumbing, that tiling you weren’t crazy about, the paint in the guest bedroom or just buying things like trash cans, dish soap or the first shopping trip to fill the fridge buying a home always has more to it than meets the eye.
It also helps to create a budget for yourself and be mindful where every dollar is spent. Maybe you don’t have to get fancy coffee every morning or that bagel. Instead start cooking for yourself in the morning to avoid extra spending. It’s amazing how few people do this and how much money just being mindful saves you! So start today.
Be wary of who you choose to work with in buying your home. Always work with someone you see eye-to-eye with on your standards and someone who has been in the business long enough to really know real estate front ways back ways side ways and squiggle ways. Having a team of “industry professionals to guide you through the first-time home buying experience will make the process so much easier”.
Take a mental picture of what you want your home to look and feel like. It’s so helpful to have an image of what you want in your head before you proceed to actually looking. Envisioning your home brings to sharp relief what you’re actually looking for in a home. This will give you a good reference point and will help narrow your search.
At the end of this article, there is one of the best quotes I’ve seen on buying a home.. so keep it in mind!
“Buying a home is like looking for the right relationship. It can be exciting at first, frustrating at times, and so comforting once you’ve finally found the right one.” So get out there and find your perfect home. If you need an expert for a consultation give us a call at Sun Pacific Mortgage and Real Estate. We’ve been in business since the 80’s and know all the in’s and out’s to the business. Happy house hunting!
For the whole article this blog was based on click this link and enjoy.
Lynn Tardibuono – Flipper Chick- Real Estate Agent and Co-Owner of Sun Pacific Mortgage and Real Estate. Serving Sonoma County since 1988. Her number is (707)523-2099 and you can also visit the website at http://www.sunpacmortgage.com