First Time Home Buyers Top 10 List

By
Real Estate Broker/Owner with Beam & Branch Realty TREC #547752

First Time Home Buyers Top 10 List

Buyer's Guide

Your first home will always be a special place and will be a special time in your life! Buying a home can also be stressful and worrisome even if it is your first or your 10th home! As first-time home buyers, there are some things that can help the process go much more smoothly.

 

1.  RELAX! I know, easier said than done.  However, unnecessary worry isn't good for anyone. If you have a great real estate agent in your corner as your Buyer's Agent, this will help cut-down on a lot of worry. A great agent will assist you with the entire process from start to finish!

 

2.  KNOW WHAT YOU CAN AFFORD! There is nothing more frustrating for anyone than to begin looking at properties before knowing what you are approved for. THE most crucial step in the home-buying process is to have your financial affairs in order AND go through the Pre-Approval process PRIOR to looking for a home. Find a good Lending partner from the get-go!

 

3.  KNOW WHAT YOU WANT! Make a list of your "have to haves" and your "wish list" items. Decide early on what you know you will not compromise on such as the number of bedrooms, size of home, etc. Also knowing things such as location, commute to work, shopping and schools is very important as well.

 

4.  BECOME FAMILIAR WITH YOUR MARKET AREA. Your real estate agent can assist you in this area big time. Studying the neighborhoods, sales prices, days on market and trends can help you nail down an area that works for you. Spend some time on your local MLS so you will understand the nuances of your area.

 

5.  FAMILIARIZE YOURSELF WITH THE BUYING PROCESS. Again, your buyer's agent will be able to help you in this area. I have a great resource for my home buyer's which is a guide that takes them step-by-step through the process. Spending a bit of time understanding the process can help take the stress out of this.

 

6.  EVALUATE BOTH RESALE & NEW CONSTRUCTION. Many times clients believe they want one or the other.  It isn't until they really look at the pros and cons of both types of property before they feel confident in what works best for them. Take some time to visit some new home sales offices with many different builders. Just remember: if you are working with a buyer's agent, TELL the sales person that you ARE working with a real estate agent!

 

7.  DECIDE WHAT WORKS FOR YOU! What I mean here is, many first-time home buyers rely on their "friends & family" for real estate advice. Unless they are in the business in the area you are looking, they are simply not the best to go to for advice. YOU know what you need. I have seen way too many folks end up losing a home THEY wanted because they listened to well intentioned but ill-advised advice from a friend or family member.

 

8.  HAVE A MEETING OF THE MINDS. If you are purchasing a home with a spouse, family member or roommate, having a meeting of the minds BEFORE you begin the process is key. The purpose of a meeting such as this is to make sure you both are on the SAME page. It is never fun to have a battle of the wills in the middle of the home-buying process.

 

9.  BE REALISTIC. The home price is not the only factor that you should consider. Taxes, insurance, utility costs, moving costs, home maintenance, HOA fees are just a few of the realities of owning a home. It is vital that you know this information prior to buying.

 

10. DON'T FORGET TO HAVE FUN! No matter what, having a little FUN throughout the process will help make this important time in your life much more enjoyable! Keeping it too real and serious can give you a bad taste in your mouth. Understand that you will need to compromise, be a little flexible and to expect a few frustrations along the way. A great attitude going in to the process will take you a long way.

 

Home ownership is a great privilege! By doing a little homework prior to the process can help your dreams become a true reality! It can be a very exciting time in your life!

 

CHEVAUX Group LOVES assisting first-time buyers! Paula is a former high school teacher who has helped countless of her former students get into their first home. She will walk you step-by-step through the process!  Call her today!

Posted by

Beam & Branch Realty       

"Have you fully lived today?"

   Paula L. McDonald ~ REALTOR®

        Granbury, Texas 

 936-203-0279 Direct

Selling Hood County and surrounding areas!

PaulaMac59@gmail.com 

      CNE

Houzz      

 John Maxwell

Farm & Ranch

 


          ABR                 Institute for Luxury Marketing                Institute for Luxury Home Marketing

 

 

Copyright 2019 Paula McDonald

close

Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Roy Kelley 11/06/2015 05:00 PM
  2. Joyce Marsh 12/08/2015 07:09 AM
Topic:
Home Buying
Groups:
The Woodlands Real Estate
Diary of a Realtor
Bananatude
MONTGOMERY COUNTY TEXAS
BROKER'S BACK PORCH
Tags:
first time buyer
home buyers
chevaux group

Spam prevention
Show All Comments
Ambassador
2,896,225
Anna Banana Kruchten CRB, GRI, WLS
Phoenix Property Shoppe - Phoenix, AZ
603-380-4886

Paula what a fantastic list for all 1st time home buyers to follow - very well done! I bet 1st timers feel at ease with you right off the bat! I sure would!

Oct 20, 2015 09:59 AM #1
Rainer
375,303
DEANNA EARLY - - ( NMLS # 268590 )
American National Bank & Trust - Smith Mountain Lake, VA
Highest Ranked Mortgage Loan Originator Virginia

Thank you for putting pre-approval by a lender at the top of the list.

I can help buyers more at the BEGINNING of the process by steering them in the correct direction than I can rescue them after they have been MISLEAD down the wrong path.

I can also UPSELL my agent so the first timer has the added confidence of a professional reassuring them they picked the right agent.

That way, we both win !

Oct 20, 2015 11:03 AM #2
Rainmaker
1,120,789
Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Thank you Anna Banana Kruchten.  I really do enjoy working with first-time buyers. 

Oct 20, 2015 12:03 PM #3
Rainmaker
1,120,789
Paula McDonald
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

Deanna Early I bet you do like seeing these buyers first.  Sure makes all of us look better when done in the correct order.

Oct 20, 2015 12:03 PM #4
Rainmaker
5,467,017
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This is great advice for first time home buyers.

They will be in good hands when they use your professional real estate services.

Oct 20, 2015 07:58 PM #5
Rainmaker
2,974,855
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Good morning Paula. Now if every buyer could just live by those 10 rules it would make our job a lot easier.   Doesn't happen often but we can all hope

Oct 20, 2015 08:15 PM #6
Rainmaker
1,969,512
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Paula - your list is great homework for prospestive home buyers.  It will help them set realistic goals and they will know that they have found the home when they see it.

Oct 20, 2015 09:48 PM #7
Rainmaker
93,876
John Myers
Myers & Myers Real Estate, Inc - Albuquerque, NM
Your Trusted Real Estate Advisor

Great blog, first time home buyers can be a great experience.  I have helped many first time home buyers get started with their first home.  It is awesome experience to help first time home buyers.  Thanks for sharing.

 

First Time Home Buyers Albuquerque

Oct 21, 2015 02:23 PM #8
Ambassador
1,503,746
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good Saturday morning Paula McDonald -

You have truly provided an excellent list for anyone considering purchasing a home.  Your real estate knowledge beams in your post.

Nov 06, 2015 07:18 PM #9
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
1,120,789

Paula McDonald

Granbury, TX 936-203-0279
Let's Find You a Home!
*
*
*
*
Spam prevention

Additional Information