5 Tips for First-Time Home Buyers

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1. Draw up a hard budget and home, but you’re not sure it’s in problem. Before you start browsing, it’s crucial that you afford? What is your ideal price 2. Make a short list of your shopping, consider your well-being? And what would there, make a list of nonnegotiables, says real estate location, to square footage, to want, but it's hard to find to it. stick say you're interested in a Let’s non-negotiables. Before you start seriously your price range. That’s a lifestyle and values. What features would enhance your iron out important questions make you miserable? From such as, what is the most you can range? To help you get started, company Remax -- from use an online mortgage calculator to determine the amenities -- that you must maximum monthly payment you have in your future home. This can afford based on the price of will also help guide your realtor. the home after you put down a down payment and over a 30- year-mortgage. "There is nothing better than knowing exactly what you everything in one property,” Fountoulakis says. “The best way to gauge your options is to visit open houses in the area and get acquainted with the local market. Visit apartments that are both above and below your budget to see how values differ with features and location.”
3. Use an experienced realtor who knows the area and the Realtors. So start by asking friends, family or friends of friends fails, real estate websites Streeteasy, Trulia and Zillow all have Check out comparable apartments 4. houses in the area to get an idea of and time home buyers should look at First homes in the area they want comparable live, according to Bankrate. Thanks to to estate sites such as Streeteasy, Trulia real Zillow, there’s no excuse not to and what homes in the area you’re research you’re looking in a particular apartment If get a sense of what other building, in the building have sold for or properties being sold for. This will give you an are for what your starting offer should be idea you’re ready to bid on your future when Ask the realtor about 5. closing costs expected costs, which don’t Closing your personal include include the cost of they a real-estate attorney hiring look over your buyer-seller to and a home agreement to evaluate the appraiser before the sale, which home commission, that’s paid by market. Your realtor can make or break your home buying experience. If you know where you want to live, try and get a realtor referral. Fifty four percent of buyers found their agent from a personal referral or had used an agent they’d worked with before, according to 2014 figures from the National Association of who live in your area of interest for recommendations. If that ratings on local realtors. “A good realtor has knowledge of the area -- a great time saver -- and more important is his or her ability to listen and execute what you are looking for,” Fountoulakis says. “A good realtor will be in your corner until the closing -- and, in some cases, beyond." pricing. and moving costs, packing vary widely. Typically, can looking at have sold for recently. typically paid by the buyer. is for the realtor’s As the seller, not the buyer.
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5 Tips for First-Time Home Buyers

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