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Five Tips For The First Time Buyer



1


. Determine your specific       information. You can research     
needs as a first-time           public records in government      
buyer. How much room do you     offices, or, more easily online,  
need? Are you concerned about         where they are increasingly       
schools? Commuting time?              available. Aside from Proximity to family and friends?      href="http://domania.com"         
Is this a starter home, or are        title="http://domania.com"        
you likely to be here in five or      target="_blank">http://domania.co 
ten years? Are you buying at the      m, which offers free access   
height of or bottom of a market?      to comparable home sales, there   
What financial resources do you       are a handful of real estate      
have, or must you obtain, to          sites that offer other valuable   
purchase your home?                   real estate data.                 
                                                                        
2. Educate yourself about the         4. Hire a real estate             
types of homes available.             representative.                   
Determine which one(s) will meet      Interview several candidates and  
your needs: detached                  check references. This can now be 
single-family home, multi-family      done on line which makes it       
home, condominium or new              considerably easier than going to 
construction? Understand the          door-to-door.                     
differences inherent in one type                                        
of property over another. Conduct     5. Learn about special lending,   
thorough research, and ask            qualification and down payment    
specific questions about the type     programs for first-time           
of property that you choose.          homebuyers. You may also be       
Check out some MLS Listings           eligible for one of these         
                                      programs if you are a veteran of  
3. Obtain valuable, publicly          military service, or part of a    
available real estate                 work or affinity group. Learn all 



you can about mortgages.              target="_blank">http://freddiemac 
Complement your                       .com for more information,    
intelligence-gathering with           and of course check out sites     
helpful overviews, such as the        that applying easier, like Federal Reserve Board's free          href="http://lendingtree.com"     
guide, Home Mortgages: Where to       title="http://lendingtree.com"    
Shop and What to Look For. Check      target="_blank">http://lendingtre 
out sites like and href="http://fanniemae.com"           href="http://Getsmart.com"        
title="http://fanniemae.com"          title="http://Getsmart.com"       
target="_blank">http://fanniemae.     target="_blank">http://Getsmart.c 
com and .                           
href="http://freddiemac.com"          

                              
title="http://freddiemac.com"         






About the Author:

The editorial staff of Domania lives and breathes home values. Find more advice and real estate tools at http://www.domania.com

Source: www.isnare.com


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