Friday, July 8, 2016 in Loganville, GA ~ Tips for First-time Homebuyers!

Congratulations to this beautiful couple and their family on purchasing their first home!

Click to hear their VIDEO TESTIMONIAL! Here what they had to say about their experience.

If you are looking to buy your 1st home, here are some tips:
1)      Know what your credit looks like. – You'd be surprised how many people start looking for houses or wander into new home sales centers without having a clue if they will be approved for a mortgage.

2)      Identify an agent you want to work with. – Like in life, people are individuals who are uniquely different. Look for someone that is a good fit for you and vice versa. Also make sure they are knowledgeable and can help you achieve your goa!

3)      Speak to a lender and get Pre-Approved. – This is a top-priority BEFORE you start looking at properties. Why? Refer to #1.

4)      Understand the market. – Is it a buyer's market or a seller's market? What are the interest rates? What is the average Days on Market for the area you want to buy in? Wondering, why all of these matters? Refer to #2. You're Realtor will be able to explain how all of these factors will affect your house hunt. Don't have a Realtor, contact me :-)! *Even outside of Georgia, I can assist you.

5)      Be ready to act. – Depending on the market, you may not have time to "maul it over". In some markets, buyers are putting offers in sight-unseen.

6)      Know what you’re looking for. – What are your “Must Haves” vs. “Wish List” vs. “Deal Breakers”? This will be the structure for your house hunt. If you know you need 5 bedrooms, no need looking at 3 bedrooms. If you want everything in pristine condition, no need looking at foreclosures. You follow?...

7)      Have more funds than you think you’ll need. – Funds for earnest money, inspection, down-payment, closing costs, turning on utilities, moving, filling a starter home, etc. Have a little cushion. This will make your experience more enjoyable. And for those looking to purchase a home with no money out of pocket, it's not happening! You will need money even if you're getting down-payment assistance.

8)      Be prepared to hear everyone’s input. – Some input will be requested, others won't. When you get confused, refer back to #6 to gain your focus. And remember that you will be the one living in the house and responsible for the mortgage. You have to be comfortable with your decision.

9)      Know this is a stressful process. – I use to say, "Homebuying may be a stressful process". Now I changed the MAY to WILL! Just be prepared for it. Think about it? Buying a home is the largest purchase the average person will make in their lifetime. It's a process which includes a lot of moving parts. In a perfect world, everything will align and go exactly as planned. However, we know that rarely ever happens...

10)   Enjoy the journey! – Though it will be stressful at times, try to keep the big picture in mind. Years from now, you're going to look back on the memories that got you (and your family) to the place you are now. Try to capture as many positive memories as possible!

What advice would you give a First-time Homebuyer?

Not sure where to start?

Let's chat and see if we'll be a good fit for each other!

Talk to you soon!

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