At The Pujals Team, we love working with a first-time home buyer. It’s exciting to help someone fulfill one of their life goals. Home ownership is a big undertaking and a giant step for most, which is why we enjoy giving advice and helping people through the process.
If you’re a first-time home buyer, here are three key pieces of advice you need to know before you start your home search.
1. Be Ready to Buy
Looking at houses is certainly fun. And as a first-time home buyer, you should definitely look at a lot of homes. After all, that’s the only way you’ll discover what you like and don’t like in a home. Touring homes in different areas also helps you understand how far your money can go in various neighborhoods. When you secure the services of a buyer’s agent, though, you should be ready to buy. That home you fall in love with today may be sold by tomorrow. So be ready to act.
2. Know Your Budget
If you’re working with a buyer’s agent, you should already have your lender’s pre-approval in hand. Remember, though, that just because you got approved for a certain amount doesn’t mean you have to spend that much on a home. Take into account all the costs of home ownership, as well as what money you need to live comfortably. The last thing you want is to feel financially strapped each month.
3. Don’t Talk to the Listing Agent
The listing agent is certainly a nice person. However, you hired a buyer’s agent to represent you, and the seller hired a listing agent to represent them. If you have questions about the home, ask your agent to find out the answers rather than call the listing agent directly. Your agent always works for you and your best interest. Similarly, the listing agent’s number one priority is the seller, not the buyer.
Being a first-time home buyer is filled with possibility and excitement. Use these tips to make your home buying experience the best it can be.