Janine Bear Blog

Guide To Buying Your First Home


Posted: December 28, 2017 by Rebekah Holten

Dreaming of owning your first home?  Tired of paying rent for a home or apartment that is not yours?  Changing from renter to homeowner may be easier than you think.  Below are a few tips to get you started in the right direction.

Buy Your First Home

Where Do I Start? This is the question that haunts most would-be homeowners. If the process of buying a home seems overwhelming, it's best to break it down into small, simple steps.

1. Learn the Financing Basics . Learning these basic items can help save thousands of dollars and shave years off the length of your mortgage and give you assurance that you're getting the best interest rate possible. When you buy your first home, making monthly payments probably won't be a problem.  After all, you're already paying rent to your landlord each month. Coming up with the lump sum needed for a down-payment is usually the most difficult task when getting ready to purchase a home.

Insider Tip: There are myriad options to make buying your first home a reality including several state and federal government programs that help first time buyers get into the housing market.  Ask me about these options.

2. Get Pre-Approved. This is a vital step in preparing for the purchase of a home. These days a pre-approval letter is always a good idea, it shows sellers that you're serious about making a deal, and this is also how you'll know how much house you're able to afford.

3. Make A List. Assemble a list of features you would like to see in your home, as well as a list of "needs". Having these lists will help you narrow down your choices. It's also important to look at your current situation as well as what needs may change in the time that you're planning on living in your home. Thinking these things through carefully now may just save you from making a purchase that you'll outgrow too soon.

4.Speak With a Professional. You didn't think I'd leave this crucial step off of the list, did you? Take the time to do your research, both online and off. Read reviews and ask trusted associates for their recommendations of local REALTORS.

Insider Tip: Remember that buying a home may be one of the largest purchases you ever make. When it comes to choosing a REALTOR, trust your instincts and choose a professional with whom you have a good rapport.

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