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First Time Home Buyer

10 important steps you should know before buying your first home.

Buying real property is unique. Real estate transactions are different in size, but not in nature, from other purchases. In dealing with real property, potential buyers need to consider more variables such as potential income growth, term of loan and area (as real property can’t be relocated). Also, buying real property carries a longer responsibilities and commitments than most of other types of purchases. For most Americans, buying a real property is going to be the single highest transaction they will be involved in.

Here are potential steps for figuring out how to buy a real property:


Before looking at the outside, look at the inside. Examine your life style and the life styles of those you are responsible for. Hold a family meeting to ask of input and share thoughts among the household. Examine your financial capacity, and factor in costs for moving, basic renovation and change of a life style.


Now, you can look at the outside. Research how others enjoy their properties and what type of property matched their needs. Visit and talk to loan officers to understand how your mortgage qualification level. Next step, begin conducting online search to identify potential areas of interest. Also, you are advised to visit state department of real estate website as well as read financial news.


Compare your survey findings with your research results. You will find common grounds allowing for the creation of starting goals.

Physical Inspection:

Because real estate transactions are huge in dollar value, your efforts will need to match it. Once your real property goals are defined, visit areas of interest and conduct an inspection. It is recommended that you visit the same city during three different time periods (morning, afternoon and night) in order to get a sense of how the local community will affect your lifestyle.

Choose an Agent:

After knowing what you want, look for a real estate agent to represent you. Use the directory from the state real estate commissioner website to locate some local agents. After checking their credentials, contact at least three agents and visit their office. Ask each one to prepare a list of available real properties including a possible breakdown of costs and fees. After talking to each agent, compare and contrast what you heard, then make a choice. Remember, real estate transactions are complicated. By hiring a real estate agent, you are expanding the probability of bigger return. In addition, local real estate agents are connected to their communities allowing them to give you a more detailed assessment of available properties.


We will offer you tours of different homes. Make sure to go to as many as possible because those tours will allow you to understand the life style of your future will-to-be neighbors. In addition, you will gain a better idea of real property condition in your area of interest.


Again, real estate transactions are very multifaceted. You are advised to seek legal and accounting counsel form licensed professionals.


If all is ok, make a realistic offer. It is always a good practice to condition your purchase offer on a secondary physical inspection, appraisal value, and termite report.


Ironically, many home buyers ignore this last step. You found the perfect property and made an offer. After the appraisal and termite inspections had been completed, ask us to deliver you a copy (most likely will be in a PDF format). Examine and read those reports in addition to the title report. Remember, you paid for those reports and you hold the right to get a copy.


If satisfied, congratulations for you will be buying the best real property available to fit your needs. If you are not satisfied, talk to your real estate agent to examine your options; and then, restart the whole process.