Buying a home can be stressful for first-time buyers, but detailing out a plan can make the process much easier. Following a home-buying checklist is manageable and makes the purchase more predictable, which helps avoid hurdles down the road.
Contact an Agent and Mortgage Lender
Real estate agents can help answer all of your questions or provide first-time homebuyers with advice. Agents will also help you get prequalified and help you identify a sales price. You don't necessarily have to work with the first agent you meet. Consider if an agent has referrals or how experienced they are in the market.
Once you've contacted
an agent, its time to speak with a mortgage lender. Lenders may only work with specific loans. Some lenders will match you with a loan that's perfect for your needs. Communicate with your real estate agent to see if they have lender referrals.
Manage Your Finances While Finding a Home
After you determine your downpayment, start to set funds aside and keep your financial situation steady. Your lender will track your income and expenses. You should keep your funds in a checking or savings account for at least three months.
Now that you're prequalified and have the funds to purchase a home, you can start looking for the perfect place to live. Start by looking into neighborhoods and price ranges. Stay on top of the listings your agent sends you every day, and start looking for yourself online.
Make a Purchase Offer and Close
Your agent will provide you with advice on making an offer. Once you find the perfect home, make an offer immediately. If you run into a multi-offer dilemma, consult with your agent on tactics to make your offer shine. When the offer is accepted, you'll start to close on the home. Your agent can help you with home inspections and to manage closing costs.
Vutech & Ruff is here to help first-time buyers in
Columbus, OH. Our team of experienced agents can help you navigate
our listings to find your dream home.
Contact us today to get started!
Real estate agents can help answer all of your questions or provide first-time homebuyers with advice. Agents will also help you get prequalified and help you identify a sales price. You don't necessarily have to work with the first agent you meet. Consider if an agent has referrals or how experienced they are in the market.
Once you've contacted an agent, its time to speak with a mortgage lender. Lenders may only work with specific loans. Some lenders will match you with a loan that's perfect for your needs. Communicate with your real estate agent to see if they have lender referrals.
