5 Things Every First-Time Home Buyer

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.