There aren’t too many times in your life that are more exciting than buying your first home. You have dreamed about it and saved for it for years. It is literally a part of the American Dream. What you didn’t dream about was the process. What do I do when I find a home that I like? How much do I offer? How much can I afford?
That’s where I come in. It could be because I was a teacher for so long or because I am the mom of 4 adult children, but I am pretty darn good at helping first time home buyers navigate the process. I will say up front, home buying is not for the faint of heart. It is a very emotional process.
There are bumps along the way that can make you question why you wanted to buy. However, I am your personal guide and fireman. I will answer your questions and keep you from the big pitfalls, if at all possible.
Your first task is to get pre-approved for a mortgage. If you don’t know where to start. I know mortgage brokers and loan officers. I speak basic loan, so I can help you ask the right questions about various types of loans you might qualify for – VA, FHA, USDA, conventional.
Did you know that you don’t have to have 20% down to buy a home? You do now!
Once you are pre-approved you determine your budget. Just because you can afford a $200,000 home doesn’t mean you feel comfortable with that payment. The last thing I want is for you to be house poor. Next, you determine what you must have in a home (3 bedrooms) and what you want (a jetted tub) and where you want to live. You and I will both seek out those properties that fit your list. This process requires patience, as even before the COVID quarantine, there were not enough homes on the market to meet demand. I can set up a program for you that will email you listings as soon as they come on the market. This increases your opportunity to see the home right away. Showings are next, you actually have to SEE the houses in the real. Pictures are great, but can be misleading. I love hearing, “Wow, this is so much bigger/better/well kept than the photos made it seem.”
When you find a home you love it is time to write an offer and negotiate the price. There are hundreds of little steps along the way with a whole new set of vocabulary. I will be there to help! I can help guide you to insurance agents and home inspectors. Both of which you will need after an accepted offer. From accepted offer to close is usually 6-8 weeks.
Buying a home is a journey! Like all journeys it has twists and turns and some moments are greater than others. However, this journey ends with you holding the keys to a house that you will turn into a home.
I’d love to help you become a homeowner!