4 Tips for First-Time Home Buyers

Buying a home for the first time can be stressful, but with these tips from Edward R. James Companies, you will be on the right track to finding the right home for you. Contact us to meet with an agent so we can help you become a homeowner to the house of your dreams.

Plan and Polish

The best way to take on the process of buying a home is to be prepared. Plan your finances and set a budget early on. Check your credit score and continue to polish it. Start saving up for your down payment, and stick to your budget. Don’t forget about closing costs!

Get Preapproved

A preapproval from your lender is a letter that states exactly how much they will loan to you. Getting preapproval for your mortgage will put you in a better position when making an offer on a house, making the process easier once your offer is accepted. Checking this box is helpful for positioning you as a serious buyer, which will continue to help this process go smoothly.

Make a List of Your Needs

This list is essential when shopping for your new home to have a better idea of what you are looking for. Keeping a list will help you narrow down which places are worth touring, and how best to spend your budget. Don’t go in blind, but remember to keep an open mind! You may be surprised by things you end up liking or not liking once you start looking.

Find a Real Estate Agent

Having a real estate agent by your side is the best way to save yourself time and hassle, because they help you with every step of the process. Real estate agents familiar with the area you are interested in can best advise you on pricing and market conditions. They may find problems with a house that you were unaware of, or have suggestions of new places to look at which would better suit your needs within your budget.

Buying your first home can seem like a far off goal, but our team at Edward R. James Companies wants to make that goal attainable for you. It is our mission to enhance your life by creating exceptional homes in exceptional places. Check out our homes for sale today!

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