Tips for First Time Homebuyers. Renae Fulton, Real Estate Consultant

By
Real Estate Agent with First National Realty

Purchasing a home may be the largest investment of your life! While this may sound a little frightening, the transaction can be simplified and smooth if you find a real estate agent to represent you that you are comfortable working with and is knowledgeable. If your not quite ready, you can shop on line to become familiar with area's and learn about the cost of housing. Most agents will request you have secured financing before the process of showing homes begins. Many times your agent has a good working relationship with local lenders and will be glad to share this information with you should you need direction.

You and your agent should discuss the price range you would like to stay in and what features you are looking for in a home. As your agent schedules showings for you they will begin to recognize what your likes and dislikes are. When a home is located you would like to make an offer on, your agent should provide you valuable information to help you make an informed decision on making an offer and the negotiation process.

The contract will be executed, when both parties sign and agree to the terms of the offer and the buyer provides earnest money. Your agent should have a good understanding of the contract and be able to explain it to you. Always ask questions of you are unsure or uncomfortable.

On occasion multiple offers may be made on a property, the property may not appraise to the offered amount or upon inspection issues, may arise that need to be renegotiated.

Next steps, inspection, appraisal, final walk thru and closing.

For information about the next crucial steps, visit my blog at www.renaefulton.net.

 

Comments (2)

Tina Maraj
RE/MAX One - Fullerton, CA
Celebrating 30 Years of Real Estate Sales

Hey Renae,

Nice blog. You may want to post to the Post to Localism group. Welcome to AR.

Jun 01, 2007 05:31 AM
Renae Fulton
First National Realty - Southaven, MS
GRI
Hey Tina, Thanks for your info!
Jun 01, 2007 01:41 PM