5 Stress Relieving Tips for First-time Homebuyers

first time buyersAs I have mentioned many times before I love working with first time home buyers.  Everything is exciting and new and although there are always stumbling blocks to any transaction they have the energy and stamina to withstand the bumps.  It is so wonderful to hand over the keys to someone’s first home and see them as they work on the home to improve it and love it.  Then, after a few years, the best thing is to help sell that home and move them up to a larger, better home.  The main problem is the process for first time buyers can be long and arduous so make sure to call me and let me take as much of the stress and unknown quantities out of the equation as possible.  There is no need to do it alone; I have been through the process many times before and know the shortcuts to make the road less bumpy and easier to navigate.

By Meghan Belnap
Moving into a new place is both exciting and challenging, and that is especially true if it’s your first time customer-serviceas a homeowner. Instead of allowing the process to overwhelm you, keep some tips in mind to help navigate through this exciting journey in your life.

Don’t Proceed Alone
You don’t need to take on the process of searching for and buying a home without assistance. Maintain contact with a real estate agent throughout the process. A well-qualified agent can assist you in searching for the perfect property.

Open Your Mind
Right now, you may have a list of all the features that you want in a house. You may have decided that you will only live in the community with the lowest crime rate and the best schools. Keep in mind that all of these desires cost money and you probably do not have an unlimited budget. Instead of maintaining such a myopic view of your new home, open your mind to the possibility of making some concessions.

Define Your Financial Ability
Opting for a pre-approval is a good idea so you know how much of a loan you can receive approval for. mortgage3Once you obtain that amount, you might decide to spend the maximum amount. Doing so will likely prove uncomfortable for your budget. If you or your partner lost your job, you might not have the ability to keep your house at all. Try to start small with your first house purchase and avoid spending money beyond your means.

Take Your Time
Once you decide that you are in the right place to buy a house, you might be so eager that you rush through the process. Weigh the pros and cons of each house you look at. If possible, plan an adequate amount of time around the buying process to ensure that you have considered all your best options.

mortgage $ signPrepare for Other Expenses
You need to find out if you are expected to pay closing costs upfront or if you can roll them into your loan. In some areas, the sellers will agree to pay for the closing costs. Not only do you need money for these expenses, but you’ll also need to cover other costs that are associated with moving into a new house.

Buying your first home can be both terrifying and wonderful all at once. Be prepared to invest in a financial investment like this by hiring professionals and making smart decisions. If home is where the heart is, allow yourself the time and care in finding the best possible place for you and your family.

Source: RISMedia’s Housecall

Reprinted with permission from RISMedia. ©2016. All rights reserved.

Buying your first home is terrifying, exhilarating and nerve wracking!  Let me do the hard dirty work and make the transaction something you can look back on and remember fondly.

Remember it is always toasty in Naples and you deserve your piece of Naples sunshine and a new home to call your own!

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