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Tips for First-Time Home Buyers

Buying a home is one of the largest financial commitments a person can make, so it's critical for first-time buyers to make informed decisions about their investment. Here are some tips for first-time buyers to make the process easier:

  • Define your wants versus your needs before beginning your home search. It will make the process less overwhelming.

  • Check your credit rating, especially if you will be applying for a mortgage. Straighten out errors that could hold up loan approval, and postpone large credit purchases.

  • Investigate the neighborhood to find schools, places of worship and other servives you may require.

  • Be an informed buyer and check with your real estate agent about restrictions specific to your neighborhood; deed restrictions, inclduing exterior maintenance, lawn care, fencing, etc.

  • Always have a home inspection. Attend all property inspections, be aware of environmental concerns and ask questions.

  • Ask the sellers to provide a home warranty to cover unexpected surprises after settlement.

  • Choose a REALTOR who is an Accredited Buyer Representative (ABR). They have the expertise to guide you through the entire home buying process.

  • Don't rush. You might overlook property flaws in the excitement of buying a home, or in the rush to lock in a good interest rate. Think through the process to avoid making choices you will regret in the future.

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