A Couple Thoughts for First Time Homebuyers

I'm so excited to be involved in your home-purchase experience! The following are a few things to give you some direction....

1. Find out how much credit you can qualify for
Even if you're only in the just-thinking-about-it stage, you should speak with a lender about getting pre-qualified. This is a quick step in which a lender determines how much you can borrow based on the financial information you provide. It will give you a clear picture of how much home you can afford!! This step is the most beneficial to you and your Realtor because you'll stop looking at (and falling in love with) homes out of your price range, I'm here to prevent broken hearts, lol. You will find a home you love, in your price range.... we just have to know that $ amount first =)

2. Do you have a green light?
After speaking with the lender, do you feel prepared to begin the homebuying process? A lot of times after this conversation, there is a new realization that you're not ready yet. That's ok! My job is to align myself with where you are in the process. If you are at Step 1, I'm right there with you and we can work together as you work towards that goal. If you have a clear understanding and you're ready, let's meet and discuss your expectations!

3. New or Resale Homes?
Having worked for a homebuilder, I understand the attraction to a new home. And as a real estate broker, I see the benefits of buying a resale home. It is all about your preferance, I can represent and advise you with either type of purchase. The tip of the iceberg is:

With a New Home:
- Opportunity to choose upgrades: flooring, cabinets, hardware, etc
- More energy efficient materials: insulation, windows, heating/cooling systems
- Home Warranty from Homebuilder
- Special financing and/or bonuses from Homebuilder
- HOA maintains front exterior of home

With a Resale Home:
- Opportunity to make upgrades & get a higher Return on Investment (ROI) aka Sweat Equity
- State incentives and rebates for home energy retrofits
- Home warranties available from HomeGuard and other companies
- Can use family-trusted mortgage brokers
- Can make paint color changes and landscape changes without HOA approval

For more tips and things to consider in your upcoming home endeavor, CALL ME FOR AN APPOINTMENT: 510.303.9709