The Necessities of Buying Your First Home Inside a Difficult Market

One of the most important requirements that you need to meet before you can actually go out and buy property is to find a good real estate agent or broker. This person will be the professional that will help you with the actual purchase of the property. He will also be the person that will help with all the paperwork involved in the transaction. It is therefore very important that you find a good real estate agent.

Another requirement that you have to meet before starting with the process of buying your first home is to  have a good amount of money to start the process. You may not be able to afford the purchase of a house outright, so you will need to come up with some sort of down payment. This is where the money that you receive from your extra work and disciplined savings practices will come in handy.

Yes, there are many programs available for first time home buyers and your real estate agents will give you all the information but, it is always advisable to have saved a good amount of money for the down-payment and to  PROVE to yourself that you are capable of saving money and being disciplined with your money.

Before you actually start looking at houses, you will need to decide what kind of property you want to buy, the locations where you want to live, you may want to consider schools for the future (even if you don't need it yet)

All of this will depend on the amount of money that you are willing to spend and the type of property that you want. For example, if you are looking to buy a single family house as your first home, or should you get started with just a condo? You will need to look at the different scenarios of your future life to make the correct decision.  

It is also important that you do some research before you actually start applying for a mortgage. The type of loan and if you qualify for some assistance as a first time home buyer. This is why having a good agent will help you get to your goals faster. They should be able to refer you to the bet mortgage loan officers with the best rates. This is the reason why you should  look for the best real estate agent in your area, interview them and if you feel comfortable with them, hire them to help you throughout the whole process.

Once you have met all these requirements, get an approval, you should then start looking at houses that are for sale. Make sure that you take all the necessary precautions when you are looking at properties. This will include making sure that the house is structurally sound and that it is free of any defects.

Again, your agent will help you with this. A home inspection is a way to assure yourself that you are buying a good home and NOT a money pit.

If you are ready to explore buying your first home. Connect with me... I specialize helping first time home buyers. 

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Our commitment as your real estate professional is to help you find your dream home at the right timing for you.

It's the biggest purchase of your life, and can assure you that even small mistakes can be costly.  BEWARE, technology changes almost daily and I can help you pinpoint all the homes for sale near your location points. I have access to over 18 million properties from hundreds of locations, including Government  properties, action homes, VA homes, HUD Properties and all available private houses for sale in between.

Please call us to get started

Fernando Herboso Broker 301-246-0001