Not everyone remembers their first car ( it’s true) or the name of their first date, but no one forgets that first home. For those of us that bought a home years ago, there might have been something during the process that we would have liked to change. Jumping in bright-eyed and bushy-tailed isn’t the best approach to buying that first home. There are many pitfalls and travails that can make what should be a pleasurable experience turn into a calamity of horrors. Buying that first home is one of the greatest accomplishments for most folks up to that point in their life. Here are a few pointers to be aware of.
Educate Yourself First: Attend a first time home buyer seminar or do your own research. Googling buying that first home will give you a sense of what too expect. We might blindly go out and purchase a pair of shoes or some other small ticket item, but this is not the approach to buying that first home. Get the concept before jumping in.
Finding An Experienced Realtor: This is not a time to break in a brand new agent. The experience comes in handy during a time like this. A realtor should be your confidant and point you in the right direction as far as the loan process and assisting in the search for that first home. During this stressful time, you want an agent that is readily available for questions or visiting that new property that just came on the market. They can also point out the good and bad associated with the neighborhoods that are attractive to you.
Choosing A Lender: Unless you have a family member in the lending business, I always suggest interviewing multiple lenders in an effort to get the best mortgage loan possible. You are qualifying the lender, just as they are you. Requesting good faith estimates, which are an outline of all the cost and fees associated with that loan, will give you assurances that you are obtaining the best loan.
Finding That First Home: Buying a property is a process. You can’t immediately buy a home without meeting these other objectives first. By this point, you have probably viewed many homes online, visited numerous open houses and had your realtor show you others. You can be supremely confident when the right home becomes available, that you are more than prepared to purchase your first home. Please visit my website www.JohnnyBrooksHomes.com for helpful tips on buying or selling a home and easy access to view local area homes for sale in Davis, California and the surrounding communities.