4 Things To Remember When Buying Your First Home

Manhattan Condos

Buying a new home is very exciting and adventurous. There are lots of little details that you can easily miss. So the best advice for any first time home buyer is to get help from a realtor.  This is one situation where getting help from a professional is very worthwhile. In most cases the help is free, since the home seller pays the Realtors from the proceeds of the home sale.

So here are 4 things to remember when buying your first home:

1. Hire a realtor
Hire a realtor who will understand what your specific real estate needs are. So getting the right realtor will help you understand the entire home buying process.

2.Get the home inspected
Some people think that a home inspection is expensive. But don’t think of it as a cost, think of it as insurance to help protect your very big investment! Most inspectors charge a few hundred dollars, and it is well worth the cost. While you may see the big problems by just walking around the home, an inspector will inspect the entire home and give you a complete report.

3. Get pre-approved for a mortgage
Without pre-approval, your offer won’t be as strong to the seller. They want to make sure that if they accept your offer, it will go through. A pre-approval is much more detailed than pre-qualification. And will make you look like a much more serious buyer. You don’t want to miss out on a home you can afford just because of the paperwork. Also, just because you are pre-approved for a mortgage doesn’t mean you have to use all the money to buy a home.

4. Do not buy more home than is comfortable for you to afford
Figure out your real budget, and only use a much as you can really afford. Or, if you want to make immediate repairs or upgrades you can discuss with your banker or mortgage broker about using any extra money to do this work.

There are other tips you should follow when buying a home, but these are the most important – and potentially the most costly ones. So make sure to be fully prepared before you start looking for a home. There is nothing worse than getting into a home you can’t afford, end up with costly surprises, or live in an area you didn’t research and you end up being disappointed.

My websites has a wide variety of homes for sale in New York City. Call me and I will be happy to take you through the buying process and assist you with finding your new home. Cell: 917-450-4290

http://www.nycityluxuryhomes.com/