Buying your first home can be both an exciting and scary experience, so it is important that you are selective about your Atlanta real estate agent to ensure that you have an experienced agent by your side. Here at Duffy Realty of Atlanta, we can make your first home purchase a positive experience. In this article, we will discuss Important Advice for First-Time Home Buyers. Here are a few tips that we often offer our first-time home buyers:
Take Your Time
Even though you are anxious and excited about buying the home of your dreams, take the time that is needed to find the right property. If you rush into the decision, then you might end up choosing a home that isn’t quite what you wanted, or you might settle for something that is outside of your price range.
There are plenty of homes available and our experienced team knows where to look to help you find the right home for your family. So, we will discuss your goals, talk about important home features, and walk through some homes that match what you are looking for.
Understand Your Financing Options
Since this is your first time purchasing a home, it is a good idea to talk with a lender first to learn more about your options for financing. This process will allow you to see how much you will qualify for, and you need to compare those details with your personal finances to make sure that you will actually be able to afford it. Look at the monthly payment, property taxes, utilities, home insurance, closing costs, and other regular maintenance costs that will be anticipated.
Don’t Skip the Inspection
You might be ready to move in right away, which can make the closing process feel like a long time. These steps are important though, because they are designed to keep both parties protected. For example, you should never skip the home inspection, because the inspection will give you more information about the quality of the property and potential repairs that will be needed. When a positive report comes back from the inspector, then you will have the peace of mind to know that you are buying a good property. If a negative report comes back, then you will have the option to rescind your offer or negotiate with the seller to discount the price or complete the necessary repairs.
Be Prepared with a Down Payment
In an ideal situation, you will have a down payment ready for the purchase of your first home. But, not all home buyers are able to scrape together the money for a down payment. If you don’t have the money for a down payment, then you should talk with your lender about various options that are available.
Here at Duffy Realty of Atlanta, we look forward to helping you find the home of your dreams! If you are ready to buy your first home, then we invite you to contact us right away: (678) 318-1700. We hope you enjoyed this article on Important Advice for First-Time Home Buyers.