Buying your first home can be both exciting and nerve-racking. It is a huge commitment that should be taken seriously, because it could come with a lot of costs if done wrong.
To make sure you do it the right way, here are 4 essential tips for getting your first home:
- Hire a real estate agent
Finding the right home can be tricky – especially for first-time home buyers. For such a huge investment, getting information off the internet is helpful but not enough. Avoid all of the confusion by hiring a professional real estate agent who knows the ins and outs of the housing market. From getting updated listings of available properties to dealing with all of the paperwork, they can help you every step of the way.
It can not only make the entire process easier, but you could also end up saving a lot of time and money. In fact, hiring a real estate agent is so useful that 89% of home buyers in 2018 said they would recommend their agent. This shows how important their agents were in buying their home and why you should work with one as well.
- Get a mortgage preapproval
Buying a home is a process that will cost you time and money. So before you go to any showings or make any offers, you first want to know how much you can actually afford. To do this, get a mortgage preapproval from a bank or lender.
Having a mortgage preapproval will give you an accurate estimate of how much you can pay for a home. It will give you an in-depth assessment of your finances, which includes a thorough look at your income, credit score, and monthly debt payments. Knowing this saves you the trouble of checking out homes that may turn out too expensive for your budget.
A mortgage preapproval is also good to have because it shows sellers that you are a serious and financially-capable buyer. This gives you an edge over other home buyers who do not have one.
- Look at multiple properties
It is alright to fall in love with a particularly beautiful home, but do not rush into making a decision. Take some time to look around for similar homes in the area that suit your wants and needs. This way, you will be able to compare their advantages and disadvantages. Consider things like price, size, safety, and ease of access.
First-time home buyers will find several types of homes for sale in Atlanta, GA. From classic bungalow and cape cod-style homes in suburban neighborhoods to high-rise condos and lofts in the metro area, there is something for everyone.
- Get a home inspection
Before closing on a home, make sure you don’t skip the home inspection. Having a professional inspector take a closer look at the inside and outside of the home could expose any red flags that might change your mind about buying it. Some potential deal breakers include leaky pipes, electrical wiring issues, and even termite infestations – all of which cost money to deal with. An inspection could also reveal things that may likely cause problems in the future.
Buying your first home in Atlanta can be a long and tough process. Let me help you make it as easy and stress-free as possible. I’m Heidi Reis, and youcan call me at 404-859-2018 or email me at info(at)abodeagency(dotted)net.