First Time Home Buyer Guide

Buying a home for the first time is such an exciting time but can often be a daunting task. There are many things a buyer should consider before making such a big purchase. The following steps can help ensure you set yourself up for a successful and positive home buying experience.

1. Contact a Local Realtor
Find an agent that has experience, is reputable, and will look out for YOUR best interest throughout the entire buying process. There are many things that go into purchasing a home, finding the right agent will help you save time, maximize your dollars and provide you peace of mind and leadership from start to finish. Set up a time to meet with this agent to go over your current living situation, time frame for finding a home, needs and wants in a new home, and to have them answer any questions you may have about the buying process.

2. Find A Mortgage Banker
Unless you plan on paying cash for your new home, getting in touch with a Mortgage Lender is a must. Ideally, find a lender that is knowledgeable about first time home buyer programs and who is willing to take the time to explain how the approval process works. Meeting with a lender will not only let you know what you can afford to spend on a home, but will also allow you to make an “offer” on a home when you find the right one. There are many programs to help first time home buyers purchase a home such as Down Payment Assistance or Reduced Interest rates. Make sure to ask your lender about these options.

3. Start Early
If you are thinking about buying a home in the next year, it is not too early to start preparing. By meeting with an Agent or Lender early on in the process you allow yourself ample time to make sure your finances are in order and you are able to locate a home that fits your needs. Typically homes that are priced well and in good condition sell fast. Planning ahead will allow you to act on these homes when they come available.

If you have any questions or would like to set up a time to meet to discuss buying your first Home, Call/Text or email me anytime.

Chris Buckley
Keller Williams Realty Sioux Falls