First Time Buyers

Steps for first time home buyers:

  1. Home Search. If you haven’t already, search a little on the internet and get a feel for neighborhoods and areas where you wish to live. Get a feel for the prices and sizes of homes.
  2. Mortgage Search. Now it’s time to get real. Check for financing. Look for first time buyers incentives. Begin with a bank you are familiar with or have a relationship with. Ask about their mortgage rates, terms, and if they have any first time buyer incentive programs. Then do some comparison shopping. Ask around. Listen to friends, as them who their lender is, and if they were happy with the products offered. First time buyer’s incentive programs are out there. Most will have income and price restrictions. That is, you can only earn up to a certain amount, and you can only spend up to a certain amount. But, this is what you are looking for.
  3. Get Preapproved. You should by now know if you are seriously wanting to buy a home. Get that all important Preapproval Letter.
  4.  Call a real estate agent. Get your criteria together: Area, size of home, price of home, number of bedrooms, bathrooms, garages, 1 or 2 stories, amenities, etc. Be as specific as possible. Pick an agent, give them a call with the above information, and begin your search.

Once you have an idea of the location you want to be in and you know the price of the home you can afford, you are ready to begin the adventure of finding your first home.
Call Terri (405) 250-9343