Best Tips for First Time Home Buyers

Buying a home for the first time can be intimidating if you don’t know where to start. Don’t worry, we’ve got your back! Here are the best 5 tips I offer to first time home buyers ahead of our partnerships. 

1. Select a Reputable Realtor 

A realtor will be the one who supports you through your home buying journey. This is more than just helping you sell your home or find your dream home. Do some research to find someone who has experience and expertise in the location that you want to live. Look for positive reviews online as indicators of trust. 

2. It’s never too soon to start saving! 

You know you need to save for a down payment. You’ll also need to prepare for closing costs and the cost of moving from one home to the next. One thing your realtor can help you with is anticipating costs as you get closer to closing. 

3. Get Pre-approved!

What do my closing and housing costs look like? The only way to be certain is to get pre-approved. It’s important to know while you’re dreaming exactly how much house you can afford. This will help your realtor as well, as we try to find great homes for you that fits your needs as well as your budget. 

4. Check your credit

Having great credit will help you to qualify for more competitive interest rates. Just like how saving up can never start too early, neither can getting your credit in order. Be sure to pay recurring bills on time, and in full. Keep credit card balances low. There are plenty of free opportunities to track your credit score and offer advice based on your status. 

5. Research Home Buyers Assistance Programs 

There are many programs incentivizing first time home buying. Sometimes it depends on where you live (by city, county, or state), how much you make, or even your student loan or veteran status. We can work together to find out what you might be qualified for as a first time home buyer.

Let’s get in touch. The Austin Moyer Real Estate Team will be able to leverage our expertise to provide first time home buying tips for you on a personalized basis depending on your unique situation. Click to contact Austin Moyer Team at Coldwell Banker Custom Realty or call 585-505-7012. We look forward to working with you!