5 Things Every First-Time Home Buyer Needs to Know

The customary amount varies depending on the market, but might range from 1% to 3% of the offer price. If your offer is accepted, the funds are applied toward your closing costs. If not, your earnest money is returned to you. Down payment – this is the percentage of the home price that you must pay at closing.

the sheer thought of the home-buying process can be intimidating. But don’t worry, we’ve got your back. Before you start touring properties, make sure you’ve done these four things and you’ll be ahead.

Though there are any of a hundred things that a buyer must account for, especially for a first-time buyer, the process can be condensed to five primary elements. If you are a first-time home buyer, consider these five things before moving forward on any purchase: 1. Financing & Pre-Approval

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5 Things Every First Home Time Buyers Need to Know In between gazing at furniture catalogs and paint swatches, there are many big decisions that loom on new buyers. Our President, Mike Kaerek, has seen a lot of new buyers and loves helping them through the exciting process.

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5. Be ready to negotiate. Come prepared for the negotiating process with your real estate agent by doing your research and knowing your priorities and limits. When you find a home you want, use tools like Redfin, Trulia, and public records to understand the neighborhood, history of the home and the seller. Be ready to move quickly, but also be prepared to walk away.

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Top 10 Things First-Time Home Buyers Need to Know. BDThanksPFirst time home buyershome buying. As of June 25, 2018, we’ve made some changes to the way our mortgage approvals work. You can read more about our Power Buyer ProcessTM. Buying your first home is not something you (or anyone!) should take lightly.

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