Great advice from Ken for first time home buyers.
First time home buyers are a growing portion of my business.
As that number grows, I am always learning.
Radon, mold, closing, attorney, inspection, mortgage, down payment, property tax...These words can scare first time home buyers.
Buyers should not be scared. Buying a home should be great experience. Not terrifying.
Four professionals will usually be needed during the home buying process:
1. The Realtor
The Realtor will fill many roles during the home buying process.
They will coordinate the transaction. They can also narrow down home choices, educate on neighborhoods, assist with negotiations, and even provide a shoulder to cry on.
A Realtor can show any home listed on their local Multiple Listing System (MLS).
The Realtor should be patient. A home is a big purchase. An agent should understand that.
A good agent will help in many ways. Find one you trust.2. The Mortgage Broker
The mortgage broker is the contact between the home buyer and the finance companies. They can educate about interest rates and loan choices. They will also help determine how much home a buyer can afford. They should be involved early in the search process.
3. The Real Estate Attorney
The attorney will look over the contract and schedule the closing. They will review the inspection report. They will also protect the client's interests should any unexpected legal issues occur.
4. The Home Inspector
The home inspector will review the home from top to bottom. They will point out any structural issues.
A good one will differentiate big problems from smaller issues. They will write up a detailed inspection report which will be reviewed with the attorney.
These are exciting times for first time home buyers. Get started early. The process can take anywhere from 30 to 180 days. Sometimes longer.
Home prices are lower than they have been in years. Neighborhoods that were out of the budget are now affordable.
Considering a first home? Try to relax and enjoy the process.
Use professionals to get the job done.
Buying a home should be a great experience.
Ken
Start you home search on my website, www.KensFeaturedHomes.com.
Hi Shirley. Thanks for the extra exposure. You are welcome to the library!
I hope all is well,
Ken
Shirley - Follow the steps to the yellow brick road and you will be a "first tme home owner". Trust your realtor and they will get you to the end of the yellow brick road. Trust your home inspector and he will get you to the end of the yellow brick road and into your NEW HOME.
Don't forget the Blog Along.
Hi Ken, Glad to help ;-)
Carl & Ceil - A closing is very dependent on what the inspector says!