If it’s your dream to own your first home and want to learn more of the home buying process, you have come to the right place. To be a home buyer, you will need a secure job and your finances in place. You will also need a clear understanding of the responsibilities that come with being a new home owner. If they are in place then you’re ready to be a first time home buyer. The current market is competitive and now is the perfect time for you to take this step and find your dream home!
The home buying market is becoming increasingly competitive with time. There are many first time home buyers looking for their first dream home, and in this competitive market it is not uncommon to get multiple offers on one home. You may feel that it may be difficult to find your dream home in this competitive market. But the good news is, with my real estate experience and expertise, I can help you find the home you desire and deserve. Having a successful first time home buyer plan in place means that you will be in your dream home before you know it!
Buying a home comes with its own responsibilities. Home ownership is very different from renting; as a renter, you can call the home owner when something needs to be fixed, but as a home owner you must take care of the problems on your own. The good news is you take care of the problem in a way that will suit you and your family’s needs. As a home owner, you can remodel and fix up the home the way you want and create a place where your family can build long lasting memories.
Here are a few things to ask yourself before getting a real estate agent and starting the process.
Buying a home can be challenging but it doesn't have to be! At One and Only Realty, we specialize in helping first time home buyers. We will help you understand this process by guiding you and developing a successful home buying strategy specially designed for you.
It is very important for you to understand if it’s the right time to be a home owner. It will be a benefit to educate yourself, get your finances cleaned up and learn more about the home buying process. My suggestion to you would be to look at our first time homebuyer materials to help you understand if you are ready is to own your first home.
The first and foremost step of the home buying process is securing financing. Therefore, it is important to work with a lender to figure out how much of a house you can afford based on the pre-approval letter. The pre-approval letter gives you a budget to work with that would suit you and your family’s needs. We work with great lenders who can help you in this process. Our lenders have many great programs for first time home buyers. These programs provide extra down payment assistance to first time buyers who may need this assistance. Please contact us for more information regarding this.
In this competitive home buying market, it is necessary to have your pre-approval letter ready when you find that dream house. This letter gives you an understanding of what you can afford which can be crucial in your home buying process. If you are ready and organized with your paper work, there is no stopping you from buying your first home.
Debt-to-income ratio is one of the most important factor that you should know because this ratio can affect your chances of buying your dream home. This ratio is how much debt you have compared to how much you make. Lenders look at this when they look at your finances. 40% or lower debt ratio is what most lenders prefer to see. Another thing to keep in mind is that 32% or less of your income should account for your housing debts. Our team desires you to get your first home but at the same time it is important that you are able to afford your dream home.
As a first time home buyer may have your own ideal place where you would like to buy your home. It could be on the water, surrounded by land or located within a specific school district. You may like to live in a single-family home or keep things easy with a maintenance-free condo. You may like to live in a rambler or a two-story home. Therefore, knowing the community where you want to live or the type of home you want to live in will help you narrow your search down to only homes that you are interested in and the best place to find your dream home. Whatever your ideal home is, I can help you in this endeavor of finding your very first dream home!
But to embark on this endeavor of finding that dream home you need someone who is looking out for your best interest in this competitive market. You need a real estate agent who can help you with all your home buying needs. Our team is equipped with all the modern technology to help you find and get the home of your desire. I have been in real estate for more than 15 years and sold over 500 homes. With my many years of experience and expertise in this area, I have kept myself abreast of all the new technologies available to help my clients find and own the best home they desire and deserve.
For first time home buyers, this process may seem complicated but a great agent can help ease the process for you. At One and Only Realty, we help take your anxieties and frustrations out of this process. We are here to help you understand and prepare for any problem that may arise in the home buying process and help you find the perfect home for your budget that you and your family can enjoy.
When you make an offer on a home, we will help you understand your best chance of getting the home you want. We will work with you to make this emotional process as easy as possible for you. In a multiple-offer situation, we might suggest different tactics, which we have used in the past to help you get that home you want. We strive our hardest to get you what you want even in multiple-offer situations.
We will help you understand many useful and successful tactics that can be used in helping you get the home you want. Whether you are a cash buyer or have a pre-approval letter, we are here to help you in every situation.
When your offer has been accepted and the buying process moves further, it will be time for a home-inspection. I highly recommend a home-inspection because this is for your protection. A home inspection will help by giving you insight into any issues with your home. This can help you renegotiate the price or ask the seller to fix the issues before you move into the home. If the inspection report shows there are no issues with the home, then you can move forward with the home buying process with satisfaction of knowing that it is a good investment for you. I have some great home inspectors that I work with that can help with this process.
Before you move in and take possession of your home, you will have the opportunity to do a final walk through of the home. This walk through gives you that final chance to go through the home before the deal is complete and it is your home. This walk through is an option but I highly recommend this to my clients and they are appreciative that they get the chance to do a final walk through. Once this step is done and you are satisfied with everything, it is time to sign the final escrow papers and then the home is all yours!
The home buying process can be a difficult one but we make it easier for you. My team works very hard to save you time and money. We will strive very hard to get you into your dream home!
Contact me if you have any questions!