|First Time Buyers
Tips for First Time Home Buyers
If you are considering buying your first home, don't wait. There
are too many good programs, low rates and incentives to pass up.
Let me start off by giving you some valuable tips you need to know
before jumping into the home buying process.
Search and save all Bothell homes, Kirkland real estate, or
Snohomish Properties that are updated every 20 minutes. If it's for
sale, its on this site. If you find a For Sale By Owner home that you
think you can't use an agent for, think again. Let me handle all the
negotiating and paperwork to make your life easier. As a buyer, there
are so many details and contingencies to work through. But with a clear
and concise explanation of all the documents, it can be fun and exciting.
I am a registered HUD selling Agent as well.
Get your finances in order
Make sure you know all the details about them. If you don't understand them,
then adding a mortgage to the lot is not the wisest idea. Know your credit report
and fix any mistakes or discrepancies on it. Know your income and your outgo
and how much you think you can really afford. Remember that the mortgage
is not the only expense to owning a home. Taxes, interest, insurance and
maintenance are all part of the process. Make sure you have money left over
for any emergencies that might arise and repairs that come along.
Find a reputable lender you trust and feel comfortable
This is not the time to get the best deal necessarily. Shop around for fees, points,
rates and costs involved. You will find is varies greatly from banks to credit unions
to mortgage brokers and each has their pros and cons. Let them know you are
shopping around and that they need to give you the best possible deal. Don't sign
anything you don't understand and if the lender is not willing to explain it until you
do, maybe that is a sign they are not the lender for you.
Use a buyers agent
Of course I would say this, I'm an agent! But it really does pay to use an agent
specifically representing you and not the seller. When you go to buy a home there
are usually two agents involved. The agent listing the home and the one bringing
the buyer. If the listing agent brings the buyer, that agent receives all the commission.
When a buyers agent is involved, that commission is split between the two agents.
You can see why a listing agent would want you as their buyer! They get the entire
commission. By using a buyers agent, you get top notch service because it doesn't
matter to the buyers agent which home you choose, they will get paid by the seller.
What really matters is YOU! The buyer! You interests are kept and your information
confidential from the sellers. The buyers agent is only working for you. This can
save you thousands in negotations and save you headaches throughout the process.
Feel free to give me a call anytime to help you start the home buying process.
I specialize in Bothell homes and Kirkland real estate but can help you find
any home or property in the Snohomish and King county area!