If you are a first time home buyer, you more than likely
don't know what the process is. Most first time home buyers
rely on a real estate agent to guide them a long. Here is
the advice and tips that will make your home buying
experience a good one.
First Step:
1. Find out what you qualify for. This is the most
important part of the home buying process whether you are a
first time home buyer, or someone upgrading to a bigger
home. We know that getting the approval process done first
is not as fun as looking at homes. But you could be wasting
your time and everyone involved by not getting your
finances in place first. I would recommend getting a
current copy of your credit report with scores before
calling a lender. Make sure you know your credit situation,
so you are an educated home buyer.
Second Step:
2. Find a seasoned realtor that knows what they are doing.
There are too many realtors in the real estate business
that don't have a clue when trying to find you a home. I
would get a recommendation from you lender. They typically
know who will get the job done for you. You don't have to
buy a home with a realtor that works for some big name
brokerage. There are plenty of good realtors that work for
small companies as well. Do some research?
Third Step:
3. Once you have secured financing with a reputable lender
and have found a seasoned realtor, then you are ready to
start the looking process. If a realtor takes you out and
only wants to show you 4 to 5 homes and that is it, this is
a sign that all they are interested in is a commission
check. This is the biggest purchase of your life, it
usually takes all day to look at homes and then make a
decision. In some instances there may only be 4 to 5 homes
to look because that is all that is available that meets
your criteria. I am sure you get the idea though.
Fourth Step:
4. Close on your new home. Hopefully you have made the
right decisions and got reputable and honest real estate
professionals to make it happen for you.
Conclusion: Make sure you can buy first, and what type of
loan you qualify for. This is essential so you will not be
disappointed. You should also have selected seasoned and
professional real estate service providers. Remember you
are relying on real estate professionals to help you make
the biggest purchase of your life.
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About the Author: Mike Clover is the owner of
http://www.my720fico.com . My720fico.com is one of the most
unique on-line resources for free credit score reports,
Internet identity theft software, secure credit cards, and
a BlOG with a wealth of personal credit information. The
information within this website is written by professionals
that know about credit, and what determines ones credit
worthiness.
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