Princeton Town Topics – Let’s Talk Real Estate – February 16, 2022
TIPS FOR FIRST TIME HOME BUYERS
First time home buyers can be easily overwhelmed by what is involved in the real estate process. In the current market of fast transactions and multiple offers above asking price, it can be even more stressful than usual. But here are some steps that can help you feel more comfortable and confident about the process.
1. Find out how much you house you can afford. Start by getting a mortgage pre-approval, which you will need before making an offer on a house. Be realistic about the other expenses involved with owning a house, including taxes, insurance, and maintenance.
2. Once you have determined a budget, decide what features matter most to you, such as number of bedrooms, bathrooms, layout, and locations. Keep in mind that you may not be able to find a house that is exactly what youâ€™re looking for, so decide what would be a dealbreaker.
3. Find an experienced real estate agent to help guide you through the process of finding and buying a home. Start by asking trusted family or friends for referrals to agents who have helped them.