Buying your first home can be an exciting and intimidating prospect. So many questions come to mind when deciding whether to buy including:
- Is this the right time?
- How much money do I need to buy a home?
- How long will the process take?
- Should I consider a foreclosure?
- How do short sales work?
- Can I buy a fixer upper and save a lot of money?
While home buying may seem easy, the reality is that the home buying process can actually be quite complex. Finding the right home is just the beginning!
The very first step in your home buying journey is to locate an experienced local Buyers Agent!
While sellers employ listing agents to help them sell their home for the most amount of money in the least amount of time and to serve the sellers best interests, Buyers Agents are exclusively dedicated to serving the best interests of the buyer through their home purchase.
Your Buyer’s Agent will meet with you to get a better feel for the home you are looking for, set up your expectations about the homes available to you in your price range, explain the home buying process, show you homes, help you negotiate the best price and terms and guide you through the sometimes complex and frustrating process of getting from contract to close.
Best of all – Buyers Agents generally get paid from the proceeds of the transaction so buyers rarely have any out of pocket costs to have dedicated Buyer Representation. Buyer’s Agents also work with lots of local lenders and will be able to recommend the very best mortgage experts to help you…leading to number 2…
The second step in your home buying journey is to speak to a lender to find your best financing options! Before heading out to look at homes, you will need to establish what loan products and what loan amounts are available to you. Not all loans work for all types of homes and it is critical to know what your options are BEFORE taking a tour. Your Buyers Agent will have excellent recommendations on which lenders to talk to.
Last Updated on September 15, 2017 by Minna Reid