5 Things Every First-Time Home Buyer Needs to Know

As the housing market begins to recover from the crash of 2007, news of tighter lending restrictions and requirements for larger down payments may make the idea of homeownership seem more daunting for a first time home buyer, but the truth is that there hasn’t been a better time in years for first time buyers to enter the market.

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You’ll be ready to make a final decision on a home in no time, but first, here are eight things every first-time home buyer need to know before they get started. 1. your credit score This may sound like a no-brainer, but you’d be surprised at how many people don’t know their credit score or haven’t even thought to look at it.

For first-time homebuyers, we have some unfamiliar territory here: there are more costs associated with buying a home than just the house payment and realtor fees. Before you even purchase, you’ll need cash on hand for your down payment and earnest money, but don’t let the 20% myth scare you.

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Are you buying a home for the first time? Purchasing a home can be complicated and intimidating, but there are some steps you can follow to help prepare you.

5 Things Every First Home Time Buyers Need to Know In between gazing at furniture catalogs and paint swatches, there are many big decisions that loom on new buyers. Our President, Mike Kaerek, has seen a lot of new buyers and loves helping them through the exciting process.

5. Be ready to negotiate. Come prepared for the negotiating process with your real estate agent by doing your research and knowing your priorities and limits. When you find a home you want, use tools like Redfin, Trulia, and public records to understand the neighborhood, history of the home and the seller. Be ready to move quickly, but also be prepared to walk away.

Goslett suggests five things that every first time buyer should consider as they begin the process of purchasing a property: Is there the possibility for growth? Due to the fact that property is a medium to long term commitment, it is important to look for a property that can grow with your developing needs .

5 Things Every First-Time Home Buyer Needs to Know. Home Uncategorized 5 Things Every First-Time Home Buyer Needs to Know. This is what each first-time home buyer has to know to jump into house chasing with certainty-and with a few curveballs as.

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