Wise and Quick Tips on How to Buy Your First Home in 2017 plus Top 7 Realtors Awesome Q & A

Buying your first home can be very scary for a lot of people. However, this is the dream that many people have. This is a major decision that you need to carefully think through as this affects your family and your future. Since this also involves a great deal of money, you also have to take into account different factors in order to make a wise choice for 2017’s purchase.

Here are some quick tips to guide you in this very big purchase:

 +Find the right home. Make sure that you consider the needs of your family when you’re looking for a home. Are you single or married? Do you have pets or kids? How many rooms would you like to have in your home? How many cars do you have? Is the school system in the area a priority? How about the transportation system? These are the things that you need to think about when making a checklist for your home. You also need to consider about the type of home that you want. Do you prefer a condo, a house, or a co-op? The features of the home is another thing that you should factor in as well.

 +How much can you afford? Have a budget for your home. You may want a grand house but you know for a fact that your pocket cannot afford it. Find out how much you are able to give as down payment and how much you can afford for your monthly expenses.

 +Know how much mortgage you qualify for. Your mortgage may vary depending on how much the lender thinks you’re able to qualify. This may be affected by your income, credit rating,

+Consider financing. First-time home buyers have different options when it comes to getting a house. Make sure that you check your options, just like your IRA and HUD programs, so you can get a home with ease.

+Make an offer. Once you’ve finally found the perfect home for you, make an offer. You can do this with your real estate agent. When making the offer, factor in other costs, like closing costs, repairs, commuting costs, and other things that you have to pay for before you can fully move in.

+Get a home inspection. After making a purchase, doing a professional home inspection is helpful to ensure that you have bought the right home. A professional home inspection will check the condition, quality, and safety of the property. This also assures you of your investment. You don’t want to be pestered with future problems due to unexpected repairs.

If you are a first time home buyer, learn tips from US top realtors.

 

katheyKathy Smiley
CA BRE#01744774
Kathy Smiley
http://www.kathysmiley.com/
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1.  What to know before buying your first home?

#1 thing to know before buying your first home is the actual condition of the home and how much money you can reasonably expect to spend to get it up to your standards. I help all my buyers, especially those buying their very first home, by referring them to inspectors and tradesmen who are reputable and give honest estimates on potential repairs and projects.

2.  What are your tips for newbie home buyers in finding a real estate agent?

Look for an agent who is active in your market area with both buyers and sellers. A well-rounded agent with experience on both sides of the fence will be better equipped in negotiating for you successfully. He or she will share with you what to expect from the seller regarding price, terms and concessions. Also, don’t necessarily choose the agent with the most recent sales. Many agents who have large teams in place will not be there to give you one-on-one attention. Often it’s better to choose an agent who does fewer sales but has experience and expertise in the marketplace. Not every agent feels the need to be a super-producer, but a good agent will be your super-hero!


jennyJenny Durling
BE# 01342428
LA Property Solutions
http://lapropertysolutions.com/
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1.  What to know before buying your first home?

Buying a home is an exciting prospect and many people start looking at homes online and going to open houses right away. Before you fall in love with a home, talk to a loan officer and get preapproved for a mortgage. In order to offer on a property, you will need to have an approval in place and bank statements showing proof of funds for you down payment and closing costs. Your agent will need to supply these items to the seller’s agent along with your offer. Once approved, go ahead and check out all the homes you’d like!

Narrow down your neighborhoods before you get serious about looking at homes. If you live in an area where traffic is an issue, you’ll want to keep your daily commute in mind. There’s definitely truth to the real estate saying that it’s all about location, location, location!

2.  What are your tips for newbie home buyers in finding a real estate agent?
It may be tempting to work with a friend or relative but it’s to your advantage to do that only if they are neighborhood experts. When choosing an agent, look for someone who specializes in the area that you want to live. Their insight and experience with local agents can get you miles ahead of the competition. Ask your friends and family to refer you to a trusted Realtor or do some online research. Yelp and Zillow are great places to read testimonials.


tereTere Rice
BRE# 01079287
Allison James Estates and Homes
http://www.temecularanchandhomes.com/
Email | Twitter | Pinterest


1.  What to know before buying your first home?

Get your finances in order know your FICO scores this determines your interest rate you’ll need a minimum of 620. You will also need two years of tax returns any gaps in income will need to be explained. SHOP your loan in my opinion the lowest loan closing costs have been with Non Profit credit unions, not the big three! Understand what your monthly costs will be, if you put less than 10% down add on another $100-150 a month for Mortgage Insurance! It used to go away after five years but now you would have to refi to get rid of it. Be aware of Mello Roos if you are buying in California it can add 1-2% a year to your property taxes and you can’t write it off unless you are a landlord. Check with Th HOA for restrictions such as building improvements set backs and rental restrictions. What does your HOA fee include trash water roof repairs?

2.  What are your tips for newbie home buyers in finding a real estate agent?
Search the Internet meet in person interview York agent ask what put them a head of the pack? Read their reviews. Ask if your agent is working part time or full time? What is their experience level? Ask how they can help you, will they pay for your one year Home Warranty. Are they part of a team? What does being on a team mean exactly? It means they are giving a percentage of their commission to someone else which means they may not be able to help you if say there is a bee infestation and the seller refuses to take care of it either you or the buyers agent will need to step up.


sherSher Sheldon
949-315-5500
Sher Sheldon Beach Cities Real Estate
http://orangecountyrealestate.estate/
Email


1.  What to know before buying your first home?

Before you go out and look at homes for sale, speak to a loan person! Do this well in advance. Know how much you can afford, and don’t look at homes higher than your range, or you will never be satisfied! Going to open houses is fun, but you will ultimately be looking at homes you probably can’t afford to buy, and you will have a harder time looking and loving the ones you can afford.Don’t take out any new credit cards. Reduce credit card debt.

The most important mistake home buyers make is deciding which school they want. Each city or town has the exact same curriculum in each of their schools within the district. One school in the same district is no better than another, unless one is a Charter School. If one has higher test scores than another, it only means that school has a higher percentage of excellent test takers. There may be more academic students in that particular grade, or in the entire school. It doesn’t mean your child will get a better education in that school over another in the same district, or that the teachers are better. It’s all the same.

Choose an area where you are comfortable with all the schools, as once your children are settled in and they have all their friends and activities, they won’t want to move!

2.  What are your tips for newbie home buyers in finding a real estate agent?
Talk to different agents about their past experiences. Some agents are good at helping people find homes, but know little about contracts and negotiation. The most important aspect of your agent, is that they are there to protect you, look out for your best interests, and be on your side when there is an issue. And there is always an issue. Can they handle issues without flying off the handle? Can they calm everyone down, and discuss solutions? Are they willing to go the extra mile for you? Are they super busy mega agents, who pass you off to their assistants? Can you get them on the phone when you need them? These are the things you want to determine. It’s not about just being a nice person.


davidDavid Feldberg
CA BRE# 01378475
Coastal Real Estate Group
http://www.coastalgroupoc.com/
Email | Twitter | Facebook | Pinterest | Google+| LinkedIn


1.  What to know before buying your first home?

Buying your first home will be stressful and exciting all at the same time. There are a few things that you can do to make the process much easier on yourself though. First, make sure to get your loan approval. Provide all necessary documents to a lender (ideally someone who comes off a referral or has great online reviews) and find out exactly what your payment and closing costs will be ensuring that your are looking at homes in your budget. Second, use an experienced realtor. Not only will an experienced realtor negotiate the best deal for you but they will help you avoid common pitfalls that buyers make. As an example when getting your home inspection done there are many things that are a $5-$10 fix and some things that have the potential to be thousands! An experienced agent will help you identify which ones need to be fixed and paid for by the seller. Finally, and most importantly be flexible on your time frames. There are many different moving parts on a home sale (many times the seller is also buying a house) and there could be delays that are out of your control. Plan accordingly and don’t try to move on and end your lease the day after you close, plan to give yourself a time cushion and your stress level will be much lower.

2.  What are your tips for newbie home buyers in finding a real estate agent?
When trying to find the best real estate agent there are a few places you can look online. I love yelp and use it to find restaurants and vendors all the time so I would definitely look there. I would also ask anyone I know if they recently bought a home, who did they use and would they use them again? Referrals is a great way to find an great agent. You can also look on sites like Trulia and Zillow but those are paid sites (for agents) and in my opinion taints the reviews a little bit. Lastly, don’t be afraid to talk and meet with a few agents. You are going to be working very closely with this person for an extended period so not only should they know their business but you should want to work with them as well.


dariaDaria Burimova
+44 20 3608 1267
Tranio
https://tranio.com/
Email | Facebook | Instagram | Google+


1.  What to know before buying your first home?

You should know your short-term and long-term plans and goals; you should research the neighborhood and the local area, driving and walking around the neighborhood both during the day and at night so as to get to know the area and its inhabitants; you should make sure all of your official documents – those pertaining to your residence, work and taxes – are in order; you should know your credit score and all of the mortgage application requirements, including the deposit level (e.g. 3-20%); you should know the local tax regime and cost of utilities, which can vary wildly according to your property’s exact location; and you should get a thorough inspection of the house for any sort of issues, whether through a licensed company your agent recommends or one which you find yourself.

2.  What are your tips for newbie home buyers in finding a real estate agent?
You need to ascertain whether your potential real estate agent is licensed and well rated; moreover, you should talk to several agents from the start and find out what they’ve already done: how long they’ve been in business, how many properties they’ve closed, what types of properties they’ve closed, and which properties they close most effectively and efficiently.

Great agents go the extra mile to make sure that the property you buy is the most suitable match for you and your needs; they do so by asking you about yourself, your life situation and your plans for the future, because they can enlighten you on various particulars you wouldn’t have considered otherwise. Anything less would indicate a mediocre agent at best.

Great agents are attentive to detail and perform rigorous due diligence; have a deep, perceptive knowledge of any property they recommend you; have an intimate knowledge of the home-buying process such that they can save you maximal time, money and energy; and have a rapport with you through their energy and alacrity, optimism, responsiveness, sensitivity to your needs and requests, honesty and authenticity, flexibility and affability.


fredFred Sed
CA BRE #01423187
Fred Sed Realty
http://www.fredsedrealty.com/
Email | Twitter | Facebook | YouTube |Instagram


1. What to know before buying your first home?

Buying your first home is a huge decision and one that should not be taken lightly. There are several important factors to consider before buying your first home. First, are you ready to settle down in one location? When you buy a home you won’t be able to move as easily as when you are renting. Second, are you financially prepared for home-ownership? When renting your landlord is responsible for any repairs to the property whereas when you own your own home you can not only modify it without consulting anyone but are also responsible for any necessary repairs. That means you should have 3-6 months of expenses saved up for emergencies in addition to any down payment you intend to put down on a new home.

2. What are your tips for newbie home buyers in finding a real estate agent?
Contrary to popular opinion, not all Real Estate agents are the same. A good agent can make the home buying process go more smoothly through good communication, aggressive negotiation, comprehensive search tools, and thorough education of the home buying process. A good Realtor will establish a good reputation within the community and the industry. A couple ways to find a top notch Realtor are through referrals from friends and neighbors, online reviews, or from industry insiders. To properly vet your agent, find out how they communicate with their clients, how many clients they have helped in your situation, and how they differentiate themselves from other agents.

2 thoughts on “Wise and Quick Tips on How to Buy Your First Home in 2017 plus Top 7 Realtors Awesome Q & A

  1. I definitely think it is important to know first how much you can afford. I am not just talking about what the lender says you can spend, however. When you are figuring out what you can spend look over your budget and take into consideration what the lender says you can spend. However, you have to consider a lot of places have HOA fees, you have to have home owners insurance, there are regular utilities which may be more (if you are looking for a larger place), and there is now home maintenance/upkeep to factor in as you don’t want to over extend yourself. Great information, thanks for sharing!

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