Buying a house is one of the largest purchases you will make. Does it seem daunting? It doesn’t need to be! First-time home buyers can feel in over their head, but with some basic planning, the process can go smoothly.
1) Determine What you Can Afford
You want to buy only what you can afford. Make sure you consider all of your monthly payments to determine how much house you can buy.
2) Obtain Pre-Approval
To be on the safe side, jump on getting preapproval so there won’t be any question of financing. After choosing the right lender, ask for a pre-approval letter so sellers will be comfortable in accepting your offer.
3) Define your Wants and Needs
Make a list of everything you need and items you want. Choose a house that meets all of your needs and as many wants as possible
4) Do your Due-Diligence
After your house is under contract, schedule an inspection and any professional applicable during the option period. You want to know and anticipate any repairs needed, and gain any negotiating power.
As first time home buyers, you need real estate agents that will have your back and will walk you through the process. Call the Carroll/Eltis Group for a dependable team you can count on! 214-702-3535