First Time Home Buyer
Our dad always told us “There’s no such thing as a free lunch and a nickel beer.” Not too sure on how that applies here, but he always told us that. In all seriousness, what we want to stress to anyone buying their first home is that there is a cost, a big cost. You are going to sign some heavy loan papers and invest your hard-earned money when you enter the home ownership game. We both remember everything about our first time…buying a house, that is (please excuse the realtor humor).
The details involved in the home buying process can be confusing, but we will make the process easier while simultaneously protecting your interests. We encourage you to be patient and ask a lot of questions. Our goal is to help you learn how to buy a home and understand your options. We follow a pretty simple philosophy to help our first time buyers be successful (check out our 3 Simple Rules and 14 Home Buyer Mistakes).
A FEW CONSIDERATIONS WHEN BUYING YOUR FIRST HOME
- Buying your first home requires compromises. We stress planning for the future when you buy your first home. Please don’t fall for this whole “starter home” gimmick because that usually means getting stuck with something that will never do much for you. What makes a great first home is something you can enjoy and easily and successfully resell when the time. That means you need to pay special attention to things like location. Let us review top locations with you that have proven historically to be a good investment. There is no way we will guarantee your home will increase in value, but, again, our experience will promote your interests and protect your assets.
- How much can you actually afford? Make sure you understand all of the costs in the deal. Just like with the purchase of a new car, you’ll want to look at the house’s total cost, not just the monthly payment. There are costs that go into buying and into selling in addition to the cost of maintenance.
- Get to know your credit. Where does your credit score fit into all of this? Your credit score has a big influence on whether you’ll be approved for a mortgage and how much you will ultimately pay. Don’t do anything until you meet with us. We can have you speak with a preferred lender with great references to get you started, but in the meantime, STOP BUYING THINGS and start saving! Don’t let less than stellar credit scare you off you may still qualify with less than perfect credit and no, you don’t have to have a ton of money to put down. Let us review this with you to set the right goals.
We know about different neighborhoods in Raleigh, and understand how to match your wants and needs with finding you a home you will be proud of. Whether you want to live in Raleigh, Cary, Garner or Wake Forest, we want you to have a home you will enjoy and one that will be a safe investment for your future.
WE DO MORE THAN HELP YOU FIND A HOME
Our services go beyond house hunting. We will coordinate your search and explain the differences in neighborhoods, prices, builders, etc. And when it’s time to make an offer, we will complete a thorough market analysis by reviewing recent comparable sales and structure your purchase offer to meet your needs. Keep in mind, there’s more than just money involved in a real estate transaction. Closing dates, inspections, purchase options, repair negotiations and, of course, paperwork are just some of the elements we will handle with you.
We also maintain relationships with many of the top professionals in the business:
- Mortgage lenders
- Real estate attorneys
- Home inspectors
- Repair contractors
We do not charge a fee to you as a buyer. When a home is listed for sale, the seller has already agreed to pay our fee so you as the buyer will not be charged. The seller often pays the same fee regardless how many agents there are. Not having a real estate agent work for you will not necessarily save you any money.
Fill out our home buyer assistance form and tell us how we may better serve you. We don’t charge home buyers for exclusive representation and there is no obligation to us when you are shopping for an agent to represent you. Once we have your information, we can plan a meeting to discuss your goals and get started.