Advice for Couples Buying Their First Home

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Services for Real Estate Pros
https://activerain.com/droplet/4cL9

It's an exciting time when a couple is ready to buy their first home.  Whether they've paid their last rent check or are finally departing their parent's basement, many unknowns swirl about.

First Time Home Buying Couples aren't always aware of the big picture.  From credit checks to resale value there is much information needed on issues they may not recognize.

But you do! Your job is to make the process as informative and painless as possible.  Think of the FAQ's your first time buying couples brought up in the past; it's likely those questions are on the minds of these new buyers too.   

A post like this can save you time in the future as you bring on more and more first time home buying couples.  Update your information as required and help those excited new buyers better prepare for the journey ahead.

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Donna Foerster 03/02/2014 05:15 AM
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Rainmaker
570,370
Christine Smith
Buyers Brokers Only LLC - www.BuyersBrokersOnly.com - Canton, MA
Exclusive Buyer Agent & Attorney, Canton, MA

Carla has an important point.  However, the one thing I see when it is two people buying a house - as opposed to one - is that the two people are not always on the same page and end up having arguments in front of me.  So, my services are not different but I do have one piece of advice for two (or more) people buying a house together that doesn't really pertain to singles (unless the single person argues with Him or her self!

Feb 28, 2014 03:22 AM #34
Rainmaker
586,345
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

The title did not sit well with me...why was it just not "first time homebuyers"  Does this advice not apply to singles??

Carla has a point... I think a clever attorney could make something out of this.

Eve in Orlando

Feb 28, 2014 03:50 AM #35
Rainmaker
807,927
Kerrie La Guardia
ActiveRain, Community Manager - Kirkland, WA
Let it Rain!

The law doesn't have anything to do with advice given to people.  You don't discriminate if you give advice.  You only discriminate if you say that couples are the only people who can buy homes.

Feb 28, 2014 05:20 AM #36
Rainmaker
2,571,273
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Post it and they will come....?

Feb 28, 2014 06:51 AM #37
Ambassador
2,492,288
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

With total and absolute respect to Kerrie comment #36 (Hi, Kerrie!)...

   I am with Carla comment #32 et al.  I won't touch this with a 10 foot pole.  Federal Judges will interpret the Fair Housing Law as they see fit.  Too much risk to take, just for some Blogging Glory.  

Feb 28, 2014 08:38 AM #38
Rainmaker
1,778,316
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Sounds like this my be an opportunity to help those first time home-buyers with answering some questions.

Feb 28, 2014 10:03 AM #39
Rainmaker
91,993
Dolores "Dee" Mauriello
Keller Willaims - Wayne, NJ
Realtor, Homes For Sale Wayne NJ

Buying your first home can be a scary experience. When working with the first time buyer my role as their agent is to help them to make a good real estate decision. Sometimes this can be difficult especially working through the maze of loving advice from parents, grandparents, relatives, co-worker and even the media.

Feb 28, 2014 09:35 PM #40
Rainmaker
91,993
Dolores "Dee" Mauriello
Keller Willaims - Wayne, NJ
Realtor, Homes For Sale Wayne NJ

La compra de tu primer hogar es una experiencia que puede causar mucha ansiedad. Como representante del cliente que compra por primera vez estoy para ayudarle a hacer una buena decision en la compra de su casa. Esto puede ser difficultoso ya que influyen tambien los consejos de buena fe de los abuelos, padres, amigos y lo que dice la prensa.

Feb 28, 2014 09:40 PM #41
Rainer
51,205
Michele Webler -Farm and Ranch Specialist
Idaho Real Homes LLC - Rathdrum, ID
Serving North Idaho and E. Wa

Sounds like fun.  Have yet to participate in one of AR 's contests so why not get my feet wet. 

 

Mar 01, 2014 06:25 AM #42
Rainer
47,021
Jordan Gouger
Keller Williams Realty Inc. - Austin, TX
Helping you to achieve your housing goals!

I agree about this topic violating Federal Fair Housing Laws. I think that this would make a better topic if it was written for first time home buyers in general rather than only for couples.  It could have a few paragraphs about handling conflict resolution between different parties when purchasing a home. 

Mar 02, 2014 02:01 AM #43
Rainer
74,880
Brian Clinger
Coldwell Banker AJS Schmidt - Cascade, MI
Brian Clinger ABR, GRI, CRS, SRES

Great topic to blog about and certainly something I should have available to link to my first time buyers.

Mar 02, 2014 04:51 AM #44
Rainmaker
1,279,953
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

This is a great idea for a series of posts. I saved this to my Pinterest secret board of blogging ideas!

Mar 02, 2014 05:09 AM #45
Rainmaker
1,854,630
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

THis is very exciting - thanks for setting this up! I think it is a great opportunity for all of us! 

Mar 03, 2014 09:29 PM #47
Rainer
36,900
Pillar To Post of SW Washington
Pillar To Post of SW Washington - Vancouver, WA
Over 28,000 inspections performed since 1998!

First time buyers are very exciting to work with from the home inspection side.  They are very curious and interested in learning about their new home!

Mar 04, 2014 03:58 AM #48
Rainmaker
1,630,375
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

I don't see anything wrong with just writing a FAQ blog for First Time Homebuyers.  If Trulia wants to use it, great.  If not, great.  It doesn't have to be written with couples in mind.

Mar 05, 2014 02:39 AM #49
Rainmaker
430,931
Trent Dalrymple (248) 854-0625
Texana Bank - Bloomfield Hills, MI
Allowing Mortgage Professionals to Lend Nationwide

First time buyers are in need of as much information as they can get but don't forget the second time buyers who may be going through the process after many years in their original home.  Whether someone is paying cash of financing the purchase the paperwork, disclosures, agreements can be endless and intimidating for anyone, be ready to educate your clients for a smoother and happier transaction.

Mar 09, 2014 12:29 AM #50
Rainer
5,846
Victor Olabintan
California Property Brokers - Brentwood, CA
Your Trusted Real Estate Consultant

Couples, young or old, always need advice when it comes to Real Estate. I am finishing a blogpost that will be up soon that addresses this particular issue. As real estate professionals, our 1st duty to clients is that of an advisor/consultant.

Mar 14, 2014 09:55 PM #51
Anonymous
Noemi
That's a great topic to cover! It's fun to write the blog about it and very helpful to read about! It makes me think of so many episodes of House Hunters and a big naivety of the potential first buyers. I have been looking for a few homes myself in my early 20's and I made comments like: I don't like the color of the dining room, I don't like the cabinet's handles… We all are learning through our mistakes. I wish I read the blog about first time buyers, before I went "house hunting"
Apr 07, 2014 02:02 PM #52
Ambassador
1,625,673
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

We just did this over the weekend.  And my brand new buyers agent after hearing all the horror stories of multiple offers and no results and hours and days and weeks of touring got to show 4 homes and they bought.  Sent to bank, approved in 3 days, inspection Monday and closing in under a month.

She is like "that was easy" who's next?  

Apr 24, 2014 01:40 PM #53
Rainmaker
359,222
Debra B Albert, PA - Keyes Realty
Keyes Realty Treasure Coast, 34986 - Port St Lucie, FL
Ron and Debbie 772.708.3292

"Couples" is NOT a PROTECTED CLASS

I do not see an issue!  My closing yesterday (one of the most fun for all who were there), was an unmarried couple.  How about same sex couples?  All kinds of "couples" buy homes.  I think the topic is Perfect!

Jun 23, 2015 08:09 PM #54
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