First Timers

Three things every first-time home buyer needs to consider

A home is one of the biggest investments you will make in your life. Thinking about that can be very scary, but don’t let that stand in your way.

Educating yourself on the process and having a great realtor (shameless plug) can make the move practically painless.

When I’m working with a first-time home buyer, here are the three things I always tell them to consider.

Financial commitment

There’s more to buying a house than just the purchase price of the home. You need to consider earnest money, due diligence, inspection and survey fees, and the down payment. If you are working with a realtor, they can break down the estimated costs involved for each of these items.

Talk to a lender

You may or may not know a lender in the area, but your banker or I can give you a good referral. I have lots of resources and experience in this area. Based on your credit and income, we can determine a price point for houses you can start targeting in your search.

Look past the sale

It’s important to take yourself past the sale when searching for your first house. Don’t just think about the type of house and the area where you want to live. Consider how your life might change over the next ten years.

  • Will I have enough room to raise a family?
  • Do I need a backyard?
  • Does this area have good school districts?
  • Would I rather live close to downtown and the nightlife?
  • What’s my commute to work?
  • Where will I get groceries, gas, etc.?

They seem like minor details at the beginning of your search, but after you move in these will be the big things that you’ll deal with every day. Setting yourself up in the right spot will make your life so much easier for many years to come.

Now do you feel ready to become a home owner?