FirstTime Homebuyer

If you are ready to buy your first house, congratulations! This is an exciting time that can bring you sweet rewards. Its also a time, however, full of questions. Here are a few dos and donts to get you started. Before you shop, you must decide what type of home is best. Are you looking for a condo, with a strong sense of community, extra amenities, easy maintenance, and are willing to pay a monthly HOA fee? Would you prefer a larger house in the suburbs, even if it means a longer commute? Are you looking for an older charm or newer construction? After youve decided this, write down a list of your wants and needs. This is a time, to be honest with yourself. Rarely does a homebuyer get everything they want in a home? You will need to compromise. For example, you may need 3 bedrooms but want a fenced backyard. If push comes to shove, you may have to forgo the fenced yard to get the bedrooms. When you begin to shop, have a budget in mind. While prices are always negotiable, you dont want to waste your or a sellers time. Be realistic about a homes price. Let your real estate agent compile a list of homes to visit that fit your criteria, as well as your budget. As you make your way to and through the homes, be sure you dont judge a home until youve been through the entire place. There are homes that seriously lack curb appeal, but with a few cosmetic enhancements can be real show-stoppers. Pay close attention to what repairs the home may need. Dont get swept up by fantastic staging. Keep your list of criteria in mind throughout the entire shopping process. Once you have decided on a home, it is time to begin negotiations. Do not hesitate. Desirable homes dont sit on the market for long. Hesitation may translate into missing out on a property that you really love. That said, you must be confident with your decision. This is not a time to buy a house simply because you feel pressured. Your agent will help you put in an offer. By researching area comparables (thats other homes that have sold or are selling in the area), they can come up with a reasonable amount to pay.