First Time Home Buyers

First Time Home Buyers.

You’ll never quite forget the first house you buy, as it’s one of the biggest accomplishments you’ll achieve in your life. That being said, the process of actually buying a house is incredibly difficult even for the most experienced real estate buyers, and it can seem almost overwhelming for first time home buyers. At Jacob Realty, we’re here to guide you in making the right decisions to ensure your first journey to homeownership is a successful one.

Below you’ll find a list of provisions you can make to ensure your journey to ownership goes smoothly. If you can take these steps ahead of time, you’ll be well on your way to a successful home buying experience.

Check Your Finances

Your mortgage will most likely be your biggest expense as a household, so it’s important to take a realistic assessment of your personal finances to make sure you find a home that fits within your budget. Your credit and your income will largely determine the amount you can mortgage, so it’s a good idea to view your credit report as well to see what kind of loan you’ll be able to secure.

Get Pre-Approved

One of the most important steps that first time home buyers often miss is getting pre-approved for a mortgage. This will not only help you figure out what prices you should be looking at, but it will establish you as a serious buyer when you’re putting in offers for houses for sale. Some sellers won’t even accept an offer unless the buyer is pre-approved, so this is critical in giving you leverage when submitted offers.

Work With a Qualified Real Estate Agent

The process of buying a piece of real estate can be incredibly complex and difficult, especially if you’re a first time home buyer. By seeking the knowledge of an experienced real estate agent, you’ll be armed with the know-how to navigate the process with confidence. Our accomplished team of real estate agents have years of experience helping first time home buyers find the home of their dreams and they will guide you every step of the way.

Think of the Future

Once you purchase a home, chances are you’re going to be there for a long time. It’s vital that you look down the road to consider where you’ll be in 5 to 10 years. Do you plan on having a family? Do you plan on relocating? What’s your plan B if you do have to relocate? All of these questions must be addressed prior to house-shopping, as that will determine the types of houses you will be looking for.

When it’s all said and done, purchasing a home is an incredibly fulfilling experience that will last a lifetime. By utilizing our experience, you’ll be able to simplify some the harder parts of become a home owner. Fill out our form below to connect with an agent who can help you find the home of your dreams!