7 Tips For First Time Homebuyers
Posted by Larry Tollen on
Get Pre-Approved For A Mortgage
1. Get pre approved for a mortgage. This is the first and most important thing any home buyer can do. Unless you are a cash buyer, neither you nor your Realtor can determine whether you can get a mortgage and if you can for how much. You are not ready to start looking at homes until you've done this. You can get recommendations on good local lenders from friends, family or your Realtor.
2. Be Realistic In Your Expectations
This is your first home not a showcase dream home and more important than glitz and glamor is location. Statistically you'll likely going to sell this home within the first 5-7 years of purchasing it and you'll want it sold as quickly and for as much as the market will bear when that time comes.…
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