Purchasing Tips for Those Looking at Homes for Sale for the First Time

1. June 27, 2017 Purchasing Tips for Those Looking at Homes for Sale for the First Time The real estate market is expecting more first-time buyers this year, mostly from the millennials age group. It’s going to be an exciting time for them, but also nerve-racking and overwhelming. After all, a home purchase is a major investment and it’s something that must be approached with much care and caution. That is why it’s most advisable that home buyers, whether first-timers or not, look at homes for sale with the guidance and help of professional exclusive buyer’s agents. Heeding these simple tips should also make the experience a lot easier and more convenient. Page | 1

2. Work Out a Budget By setting a budget, you are effectively limiting how much you are willing to spend for the property. It’s very easy to get all worked up and excited looking at the house options, such that you end up worrying about how you’re going to afford the house you like instead of finding one that suits your budget instead. But that’s the safest way forward. By pre-determining the budget you can afford, you are also setting up a filter for your property search. Anything beyond the budget will automatically be taken out of the list of potential properties to look at. This should also save you time and effort because you’re already trimming down the list in the process. Anticipate Additional Costs It’s not just the property cost itself you will have to spend for. Remember, there will be other elements to consider when buying a house. There’s the matter of spending for the transfer of ownership, the cost for repairs and improvements should there be need for any, and of course, buying new materials to outfit the new interior with, in case you would prefer to have a “new” house inside and out. It’s going to be costly which is why you need to be able to anticipate and prepare for these extraneous expenses. With a professional agent by your side, you can have a better perspective for the additional costs of home ownership. Inspect the Property Don’t be content with just doing the on-site viewing during an open house event. Remember, this is a staged event meant to showcase all the good things about the property. However, it doesn’t really show you the true state of the house. Your exclusive buyer’s agent can help set up a separate appointment for a more thorough inspection of the property with help from a licensed inspector. This is advantageous for you, because then you can have a clearer perspective of whether or not the price set for the property is worth it. Should there be any sections needing repair, for example, you can use this as a point for negotiation with the seller. Again, the important thing here is that you do all of these with the help of an exclusive buyer’s agent. Companies such as Buyer’s Choice Realty can give you the home buying guidance you need. About Buyers Choice Realty: Buyer’s Choice Realty provides homebuyers professional service with our exclusive buyer’s agents. We give homebuyers our undivided attention so they can get the best deals possible. Our mission is to give seamless service from locating potential house options to setting up on-site inspections, and even to negotiating the final price. Page | 2

3. Sources: Buying Your First Home: Tips and Mistakes to Avoid. TheBalance.com. 50+ House Buying Tips. MoneySavingExpert.com. Page | 3