How To Buy A House - 4 Steps To Making The Offer

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ONE

 As a first-time homebuyer, you’re facing many questions about homeownership. Can I afford it? Will I qualify for financing? Where should I live?

I wanted to take a minute and outline FIVE distinct benefits of owning a home, for your consideration:

1. Pride of Ownership. Owning your own home gives you a feeling of satisfaction and personal pride.
2. Financial Predictability. As opposed to renting, the amount of your payment never changes with a fixed interest rate.
3. Decorating. You’re free to decorate, remodel, refinish and accessorize!
4. Tax Benefits. Deduct the cost of home mortgage interest and property taxes from your yearly income tax. In fact, some tax benefits are specifically designed for first-time buyers.
5. Security and Privacy. With homeownership comes stability, and living in the privacy of your own home.

I know you probably still have many more questions about homeownership. Please call Elite Sales GroupMore Info today, and I will be glad to guide you through the buying process.

TWO

As a first-time home buyerMore Info, to help you keep your sanity, I’d like to make a quick recommendation:

Do as much planning as possible from the moment you think about buying a home, start planning. First, start by requesting a copy of your credit report. Please call me if you need help with this, as I have access to several sources. We’ll carefully examine the report for errors, and clean up any faulty errors.

If you’re currently renting, be sure to check your lease for an early release clause. It may be necessary to time your closing to the expiration of your lease. Consider your life goals over the next five to seven years. Do you plan to start a family, or add to it? Will an in-law eventually move in with you? Will you be working from home? We will then look for a floor plan that meets your needs.

Finally, will you be qualifying for financing based on dual-income or single income? I’m sure you can see how this can impact your planning process.

As your agent, I will help you utilize your management skills early on to avoid common pitfalls. We will use your plan to help direct the process, rather than let the process dictate to you.

THREE

I know that the home buying process can be overwhelming, but if you go into it prepared, your first purchase can be a good experience.

Here are some things to consider before taking the plunge:

1. To lessen the stress surrounding getting a mortgage, you may want to get pre-approved for a loan before looking at potential properties. This will help you feel more confident as a buyer, and give you an edge in multiple-offer situations.
2. Don’t be afraid of closing costs. In fact, closing fees of up to 10% of the home sale is not unusual. Add that to the down-payment and you’ll have quite a sum of money on your hands. Just remember, a smart first-time buyer takes this into account before making an offer; and, as your agent, I can even help to estimate those costs in advance.
3. Buying a “fixer upper” or “problem home” can be a costly venture. Unless the asking price is being adjusted to account for the considerable repair costs, chances are the home is not worth it. A home inspector can help you evaluate the property before making a serious offer.

Finally, remember, there are no silly questions! Please call Elite Sales Group today 305-554-1544 today, my experience can be an invaluable asset in helping walk the road of a first-time homebuyer.

FOUR

Well, you’ve made the decision to make one of the largest investments of your life – buying your first home. You’re excited, and at the same time anxious. You may be asking yourself,  “Will I be able to afford the home of my dreams?”, or, “Do I have enough money for a down payment?”

Rest assured, as your agent, I’m here to guide you through the process. Here are a few things to consider:

1. We can sit down together to help estimate the costs involved in purchasing your first home. I know it can seem overwhelming, but I can help you calculate out how much you’ll be paying each month in mortgage payments. I work with all my clients to discover feasible and stress-free financing.
2. The down payment amount varies depending on many factors. In some cases, first time home buyers such as yourself, can purchase a home with no money down. I’d be happy to arrange a meeting with a lender to explain the different options available to you.
3. Finally, don’t feel pressured into making an offer on the first home you see. This is a common mistake of many first-time homebuyers. I will encourage you to view many homes to get a feel for the market, and  will answer all your questions before making that first offer. Elite Sales GroupMore Info is here to guide you all the way.