5 Tips for First Time Home Buyers

The first step in buying a house is finding a place that meets your needs and fits into your budget. Once you’ve found a property that works for you, there are several things you need to consider before making an offer. At tiredofrent.com we help first time home buyers in Michigan.

Know what you’re looking for.

Before you start shopping for a new home, make sure you know exactly what you want. It’s easy to fall in love with a house when you see it, but once you move in, you’ll realize that it just isn’t right for you. You might find that you prefer a different floor plan, or maybe you’d rather live closer to work than where you currently live. Whatever it is, make sure you know what you want before you start looking at houses.

Do your research.

Once you know what you’re looking for, do your homework. Find out as much as you can about the area you’re interested in buying a home in. What schools are nearby? How does the neighborhood feel? Is there crime? Are there any major road projects coming up? These questions will help you narrow down your search and give you an idea of whether or not you would enjoy living in the area.

Have an idea of where you’d like to live.

If you’re planning on moving into a new city, make sure you have a good idea of where you’d prefer to live before you start searching for homes. You’ll need to consider things like school districts, commute times, and proximity to family members.

Find out what’s involved with buying a house.

Once you’ve decided on a neighborhood, you’ll need to find a real estate agent who will help you navigate the market. This means finding an agent who has access to listings and knows the area well. It also means making sure you choose an agent who works with buyers, not just sellers.

Be ready to make offers.

You should start looking at homes as soon as possible after deciding where you’d like to live. If you’re buying a house, you’ll likely need to put down a deposit within 30 days of signing the contract. That’s because lenders require a 20% down payment when you buy a home.