Coldwell Banker has been posting a great series of tips aimed in particular at first-time home buyers. We love helping people purchase their first home and we really value helping our customers think through their purchase and really get educated about the home buying process. Here is a list of 8 tips for finding your first home. Visit the Coldwell Banker blog for the detailed post, as well as for more of their first-time homebuyer series.
1. Research before you look.
Decide what neighborhood you want to be in, and what features are must-haves
2. Be realistic.
There’s no such thing as a “perfect” home. Set reasonable expectations for your search.
3. Get your finances in order.
Review your credit score, consult with a mortgage lender to get pre-qualified, and make sure you have enough money for a down payment, closing costs, and any other costs that may arise.
4. Don’t ask too many people for their opinions.
Get opinions from one or two trusted advisors, ultimately you must make the decision-you will be living in the house!
5. Decide on your moving timeline.
When is your lease up? What is the market availability like in your area? Consider other factors such as school year calendars, and determine your ideal moving time frame.
6. Think long term.
Is this a house you plan on being in long-term, or do you foresee this being a starter house? This may dictate your budget, your mortgage terms, and the type of home you live in.
7. Insist on a home inspection.
Protect yourself! If possible get a one year home warranty from the seller to cover any surprise defects.
8. Get help from a REALTOR®
Hire a real estate professional who specializes in buyer representation. A buyer’s agent is working for you, and will have your best interests in mind!