Needs to Know
From The Headley Group
Realty
After all these years of renting, Congratulations! Now, you’re ready to buy your first home. But
the home-buying process can be a terrifying endeavor, especially for
first-timers. But the whole thing will seem a whole lot less scary if you prepare
yourself with a few facts:
Here’s what every first-time home buyer needs to know to consider into
house hunting with confidence:
1. BUDGET
Homes cost a lot, and to get one
you’ll need a home loan, also known as mortgage, to base the bill, along with an
immense down payment. Still, the question remains: What price home can you
really afford? That depends on your income and other variables.
2. RIGHT REAL ESTATE AGENT
Real estate agents are an
essential part of the buying process. That said, finding the right agent takes
balancing credentials and chemistry. Why? Because buying a home is not so easy;
it requires transfer of a deed, title search, and plenty of other paperwork’s.
Plus there’s the home itself—it may look great to you, but what if there’s a
termite problem inside those walls or a waste plant being built down the block?
And of course, there will be money involve.
3. NO SUCH THING AS PERFECT HOME
Please understand that real
estate is about concession. As a general rule, most buyers prioritize three
things: price, size, and location. But credibly, you can expect to achieve only
two of those things. So you may get a great deal on a huge house, but it might
not be in the best neighborhood. Or other way around, or something else.
4. BE RESPONSIBLE
You also might want to consider
an appraisal contingency, which lets you bail if your lender values the home at
less than what you offered. This will mean you will have to come up with money
from your own pocket to make up the difference—a tough gamble.
The first-time home buyer tax
credit may be no more, but there are a number of tax breaks new homeowners may
not be aware of. Tax credits are a beautiful thing that can help your home
buying experience save money.
There are so many things to consider getting a new house, perhaps many
tips and topics to talk about first time home buying: but the main point at the
end is to get a win-win situation with the help of your selected Real Estate
Agents. With the Headley Group Realty; we have the most sought after and
trusted agents. We will be more than just a help, we will provide you an
upfront true and realistic recommendation while also keeping up on your
homework.
Call us at 336-904-6212 or email us to
start a discussion of your needs. Fill out our quick form
to tell us your property interest types and give us an overview of your needs.
