Learn How To Buy Your First Home

Even a first time home buyer knows that a new home is not an impulse purchase.

Learn how to buy your first home. Understanding the process and costs involved will make the experience easier for first time buyers. In addition to making sure your credit score is in order you ll also want to consider the cash you ll need to make buying your first home a reality. A real estate agent represents you and helps you understand how to buy a house. When homebuyers understand the process and master the art of buying a home it can be an amazing investment. And as exciting as it is it can also be a bit overwhelming.

To give you a clear picture of what to expect we ve broken things down into some basic steps. We did our due diligence checked our credit got pre approved found a realtor. Learn about the steps you need to take on your way to home ownership. Buying a home is one of life s major milestones. Of course there s your down payment typically between 3 5 and 20 of the purchase price.

It s a big deal. Buying a house is not only an emotional experience but a financial commitment as well. The commission is usually 3 of the purchase price. Your agent will show you properties write an offer letter on your behalf and assist in negotiations. Buying your first home is a huge commitment and a time consuming process.

In most cases the seller will pay the buyer s real estate agent s commission. Whether your first offer was a success you negotiated on terms a bit or you had to keep looking for a home eventually you ll reach the point of going under contract. After a decade of apartment living my husband and i finally saved up enough money to buy our first home last year. So youu2019re looking to buy your first home but the where on earth do you start. Eight good habits first home buyers need to learn to get into the market in 2019 kate farrelly domain reporter.