Are you ready to take the plunge and purchase your first home? The process can be equally intimidating and exciting. No doubt you’ve spent hours perusing properties on line to find your dream! Step out of the clouds and take these solid pieces of advice from experienced real estate agents and you’ll have a set of keys to your first home in your hand in no time.
Before searching for properties, make an appointment with a mortgage banker or mortgage broker to get prequalified for a property. Be prepared to present paystubs, bank account statements and have your credit checked. Spending this necessary time going through this process will save not only stave off disappointment, but time for all the parties involved in real estate transactions. When armed with a pre-qualification statement, set an appointment with a reputable real estate agent in your community. They will be able to help you focus on neighborhoods and property types. Are you interested in a condo, town house or single family home? Are you aware of the additional costs associated with each? Is a two story home or ranch preferable to you? Do you want new construction or an historic home? An experienced agent will be able to explain all the pros and cons of these options to you.
When you begin to view properties, try to keep an open mind. Walls can be painted and carpet can be replaced. Try to view the structure of the property – not the decorating choices. Realize too that properties in less than desirable showing condition are often being sold at a discount. For first time home buyers prepared to invest a bit of weekend elbow grease, this might mean the difference between closing on your ideal location and settling on a property away from your desired neighborhood.
When you’ve made your final decision and your agent has presented an offer on a property, be prepared to negotiate. While this may be a stressful process, it’s generally concluded within a few weeks. Take advantage of the awesome deals offered by Groupon coupons and celebrate with a round of cigars from the awesome selection available at JR Cigars. Congratulations!