Buying a home is one of the most expensive decisions you will make in your lifetime so it’s imperative that you are well informed before you jump in with both feet. Here is information to help the first-time home buyer.
MISTAKES FIRST TIME BUYER MAKE:
1. They don’t ask enough question of their lender and end up missing out on the best deal. – There are many different loan programs available for buyers as well as Down payment assistance programs. Be sure you ask your lender for information on all programs you may qualify for so you can make an informed decision about how to proceed with financing.
2. They don’t act quickly enough to make a decision and someone else buys the house they love. – We are currently in a competitive sellers market and homes are moving FAST. Several years ago I would have suggested to my buyer to go home and “sleep on it” well not anymore. If you don’t act fast, the house you viewed yesterday will be gone in the morning.
3.They don’t find the right agent who’s willing to help them through the home buying process – AT EXIT Empower Realty, we go the extra mile to assist our clients and we will schedule time before you start your house hunt to explain what to expect from the home buying process. It can be daunting and we understand this is your first time. We want to make sure we answer your questions and most importantly we want to make the process as stress-free as possible. Which ever agent you chose to help you with your home search make sure you get all of your questions answered and that they provide you with information before you start looking for homes.
4. They don’t do enough to make their offer look appealing to a seller – LOW BALL OFFERS WON”T WIN YOU THE HOUSE, and neither will submitting an offer without being pre-approved. In this market you want your first offer to be as strong as possible, because you very rarely get a second opportunity to make a better impression with your offer. So don’t low ball, have a pre-approval, offer a larger than normal Good-Faith deposit, you may even want to consider writing a letter to the seller explaining why their home would be perfect for your family.
5. They don’t think about resale before they buy. Did you know the average first-time buyer only stays in a home for four years? – So don’t buy a home in an area that could make it harder for you to sell. If at all possible stay away from homes that are close to railroad tracks, apartments, homes in an area where there are a lot of rentals, or commercial businesses. Don’t shy away from a home because you don’t like fireplaces or a garage. Think about the features that attract the majority of buyers and you will have no problem selling your home when you are ready.
Remember EXIT Empower Realty and its agents can help you buy, sell, invest and build your dream home.
www.achieversre.com 866-861-EXIT 6494 Taylor Rd, SW Reynoldsburg Oh 43068