Tips For First-Time Buyers...

By
Real Estate Agent with Keller Williams Realty Evolution - Topsfield, MA 92593-B

There are as many tips for first-time buyers as there are Real Estate Agents. BUT, in my humble opinion, the BEST tip is; ALWAYS hire a professional Realtor®.

Let me say that again. ALWAYS hire a professional Realtor®.

There are too many potential pitfalls along the buying and selling road of Real Estate to attempt to go it alone.

Get your finances in order and do not purchase major items during the buying process. 

The folks at KCM put out an informative article that I've shared below. 

One more thing...Did I say ALWAYS hire a Professional Realtor®?

What Are the Best Options for Today’s First-Time Homebuyers?

What Are the Best Options for Today’s First-Time Homebuyers?

If you’re looking to buy your first home, you’re likely balancing several factors. Because both mortgage rates and home prices have risen this year, it costs more to buy a home than it did even just a few months ago. But that doesn’t mean you have to put your plans on hold.

If you partner with a trusted real estate advisor and hone your strategy, you can navigate today’s market and find the home you’re looking for. Here are two tips to help you get started.

Work with a Professional To Prioritize Your Wish List

If you’re having trouble finding a home in your budget that checks all the boxes, it may be worth taking another look at your lists of what you want and what you really need. According to the latest First-Time Homebuyer Metro Affordability Report from NerdWallet, your wish list can have as much impact on your search as your finances:

“Your budget isn’t all that you need to be concerned about; your wish list and desired location may carry just as much weight.”

It’s all about prioritization. If you’re serious about purchasing your first home soon, be flexible in what you’re looking for to open up your pool of options. Partner with a local real estate professional to better understand what’s available in today’s market and reprioritize your wish list. Remember, making a concession now doesn’t mean you’ll never have everything on your list. After you’ve moved in, you can always add certain features to make the home your own.

Increase Your Search Radius To Consider More Locations

Some areas may have more homes within your target price range than others, but it may require you to be flexible on your location. For example, if you’re a remote worker, you may be able to expand your search radius. As Fannie Mae explains:

“. . . continued remote work flexibility is likely giving many the ability to live farther away in more affordable areas.”

The decision to search in places with a lower cost of living could help you find a home that fits your budget and checks the most boxes off your wish list.

Bottom Line

If you’re serious about purchasing your first home this year, revisiting your wish list and desired location can help. Work with a trusted real estate advisor to explore all the options in your local market – and beyond – so you can achieve your homeownership dreams.

Posted by

I pray that God our Father and the Lord Jesus Christ will be kind to you and bless you with peace

2 Thessalonians 1:2

 

Doug Dawes REALTOR®, AWREP, LMC

Broker Sales Associate

KELLER WILLIAMS REALTY - Topsfield/Newburyport

49 Main Street
Topsfield, MA 01983
 978-887-3995  ~ Office
 978-270-3037  ~ Cell
 DougDawes@KW.com

Comments (12)

John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Doug Dawes these are very good helpful list of tips for first time buyers.

Jun 12, 2022 08:51 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Doug you are so spot on a Professional Realtor will look at your interest not the commission... I have lost and turned down opportunities, but in the long run the provided me with repeat clients:)Endre

Jun 12, 2022 10:24 PM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Jun 13, 2022 04:58 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Doug, there are many tips to provide to first-time buyers, but ALWAYS hire a REALTOR is the best one.

Jun 13, 2022 06:51 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Doug  and Thank You for sharing this great information with us here in the Rain.  Make it a great day!

Jun 13, 2022 09:00 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning John Pusa 

Buyers should follow all professional tips they receive that relate to them. Enjoy this week with much vigor

Jun 13, 2022 09:26 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Endre Barath, Jr. 

Enlisting the aid of a Professional Realtor is far better than going it alone and potentially costing you more money because you didn't

Jun 13, 2022 09:40 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Joe Jackson 

Thank you for stopping by and taking the time to read the blog post. I appreciate it and you have a great week as well

Jun 13, 2022 09:42 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Good Morning Joan Cox 

It always amazes me when people try to represent themselves. Even professionals need professional representation

Jun 13, 2022 09:43 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Thank you Will Hamm 

I appreciate you taking the time to read the post and comment. Have a great week in Colorado

Jun 13, 2022 09:45 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Doug Dawes - this is another stellar post for Active REALTORS who are exceptional and know the business that would make a great FEATURE on AR on its own and not featured in someone else's post. You certainly deserve it. Thank you for being such a sharp Agent. You are a credit to the Real Estate Industry. 

Jun 27, 2022 02:29 AM
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Thank you Patricia Feager, MBA, CRS, GRI,MRP 

Your words are humbling and much appreciated. Can you believe that this weekend is the 4th of July?

Jun 27, 2022 05:44 AM