Tips for the First-Time Homebuyer |
Get a Mortgage Pre-Approval Your first call needs to be a mortgage banker rather than your realtor's office. Eliminate any doubt a seller may have about your approval status with a pre-approval from CityWorth Mortgage. An offer with a pre-approval is the next best thing to an all cash offer. |
Hire a Great Realtor You need to remember how important this purchase is going to be, which often means that you can't cut corners to save money. Find a great real estate agent by talking to your mortgage banker. We can recommend agents for you depending on your area and needs. |
Plan Down Payment Read up on the acceptable sources for down payment, and start planning how you're going to make that payment. Having a plan in place will make the process much smoother when you find your dream home! |
Don’t Skip a Home Inspection Many homebuyers, especially those in situations with multiple offers, are tempted to skip a home inspection in order to make their offer more appealing, but this decision could be a major mistake. If you don't have a professional look at the house and find the problems you may be missing, then you could find yourself owning a home that needs more work than you can afford. |
Look at the Big Picture First-time homebuyers have a reputation for being too picky about the little things and not seeing the big picture when touring homes. Remember certain elements of a home can be changed cheaply and easily, so focus more on the things you cannot change (like location, layout, and size). |