Jul 15 2016 13081 1

Dated: 07/15/2016

Views: 295

Best Advice For First-time Home Buyers

 If you’re a first-time homebuyer, you’ll have a much easier time finding and financing your next home if you follow these tried and true tips

Hire an experienced real estate professional: Buying a first home is a complex process. Danny Crow, your Executive Realty professional,  will assist you through the hurdles of neighborhood searches, comparing homes, making an offer, inspections and appraisals, as well as help you identify the best values.

Check and repair your credit: Banks use your credit scores to make lending decisions, so make sure your credit is accurate and deficiency-free. Order your credit reports and scores by visiting http://www.annualcreditreport.com so you can make repairs, if needed.

Get pre-approved: To get pre-approval, you have to apply for a loan and share your income, work history, debts and other information. Your lender will confirm your down payment source, interest rate, type of loan and loan term. Only then will you know exactly how much home you can buy.

Check out federal, state and local government incentives: To learn about first-time home buyer programs, see: http://www.grants.gov or http://www.hud.gov. Click on Housing Authorities to find out what’s being offered in your community.

Prepare to compromise: There’s no perfect home, so you’ll have to prioritize your wish list. Older homes often need cosmetic work so expect to pay more for a home in pristine move-in condition.

Make a long-term investment: Equity is built over time, so plan to occupy your home for several years or more. Your home is also an investment in happiness and that can be the best deal you ever make.

Blog author image

Danny Crow

As a real estate agent since 2000, I enjoy helping others discover Central Texas and make a home here. Real estate in Austin offers many options to home buyers and I will make sure you explore every o....

Want to Advertise on this Site?

Latest Blog Posts

4 Reasons Spring Is A Great Time To Buy A Home

 4 Reasons Spring is a Great Time to Buy a Home!Here are four great reasons to consider buying a home today instead of waiting.Prices Will Continue to RiseCoreLogic’s latest Home

Read More

A New Housing Bubble Forming Not Before 2014

 A New Housing Bubble Forming…Not Before 2024!A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are

Read More

Housing Market Expected To Spring Forward This Year

  Housing Market Expected To “Spring Forward” This Year Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” 

Read More

2 Ways To Get The Most Money From The Sale Of Your Home

 2 Ways to Get the Most Money from The Sale of Your HomeEvery homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you

Read More