This is a highly competitive market, so be prepared
Buying your first home can be exciting and daunting. Here are some tips to help you prepare for buying your first home:
CONTACT A REALTOR®
The buying process can get complicated if you don’t know what you’re doing. An experienced Realtor® will save you a lot of time and headaches by guiding you through the buying process.
It’s important to know how much you can afford before you start looking for your home. Your lender will be able to tell you what your maximum loan amount is and make suggestions on what price ranges you should stick to when you start looking. Your Realtor® will be able to give you several lender referrals.
SET UP HOME SEARCH
The amount of websites that list homes for sale and their prices are almost endless. Don’t make the mistake of searching through them yourself. Your Realtor® has access to homes that these websites don’t. Just let your Realtor® know what areas you are interested in and they will be able to provide you with listings in your price range in real-time.
Be prepared to see homes as soon as they come on the market and to compete with other buyers. Because the market is so competitive, homes can go under contract within hours of being listed. This is why it’s essential to have a Realtor® who can help you negotiate offers, stay on top of the ball when it comes to fast closing times, and support you in your search for that perfect home. Don’t let your inexperience in real estate get in the way of finding your perfect home.
THE PURCHASE CONTRACT
When you have an accepted purchase contract, your Realtor® and lender will guide you through to a successful closing, or even help you know when it is wise to terminate a contract.
Shopping for and buying your first home is very exciting when you have the right Realtor to help guide you through the process. We at Ring Real Estate put our customers first and make sure our first-time buyers find the home of their dreams. You can reach us at 937.378.3800
Happy house hunting!