Author: Wilhite

Grand Rapids Real Estate Agent: Tips for first-time homebuyers


Buying a home for the first time is very exciting, but it can be overwhelming, too. Today, I have a few words of advice for those of you who are about to start the home buying process. For example, make sure you hire a buyer’s agent. A good buyer’s agent will take the time to explain the entire process to you. For more advice on buying your first home, watch this short video.

http://bracehomes.com/blog/What-First-Time-Homebuyers-Need-to-Know/51871

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Mark Brace
Berkshire Hathaway Home Services
3000 E. Beltline NE
Grand Rapids, MI 49525
Office: (616) 447-7025
MarkB@GRAR.com

Transcription:
It’s very exciting to be a first-time homebuyer. Today, I have some advice you should know if you are about to start the process of purchasing your first home.

First of all, hire a buyer’s agent. A buyer’s agent will take the time to sit down with you, go through a consultation, and explain the process and all of the key players involved. They’ll tell you about the lender, title agent, seller agent, home inspector, appraiser, closing agent, and how everything works.

When you find a buyer’s agent you’re comfortable with, you make commitments to each other. The agent commits their time and energy to protect you throughout the process. The agent will pre-inspect homes to give you an idea of the condition of the property before the inspector gets there. They’ll also discuss different financing options you may have.

For example, if you’re buying in a rural development, you may qualify for no money down. You may qualify for Michigan down payment assistance, which gets you ,500 towards the down payment. Certain areas in West Michigan have state funding as well. A buyer’s agent will help you navigate all of your financing options and give you some guidance on where to live.

Finally, your agent will help you separate what you want in a property from what you need in a property. Ultimately, your agent will put you in a new place that you call home.

We love working with first-time homebuyers. If you have any questions, please don’t hesitate to reach out to us. We would be happy to help you!

First Time Home Buyer Tips Maryland | Fixing Your Credit


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First Time Home Buyer Tips Maryland | Fixing Your Credit

Realizing the benefits of Home Ownership
Renting is normal and it fits some lifestyles. .
I’m sure you are tired of hearing the same messages over and over again. .
As I respect your decision whether to rent or buy. .
I presume the reason why you are here because
becoming a homeowner is important to you.
You’ve come to right place then
These are the steps I would take if I was buying a home for the first time
Determining if home ownership is what you are really after.
Renting in some cases may be better for you.
If you are planning to move within 2 years, perhaps buying a home is not a good idea
If you are required to put a sizable amount for down payment to ignore credit problems. .home ownership may not be a good idea. .prefer to repair and fix issues on your credit first.
The question to ask yourself is what are your long-term goals are and then how home ownership fits in with those plans.
Don’t buy just because your friend are telling you that you are wasting your money if you are renting. .
Or you see home ownership as a sign of their independence and enjoy the idea of proving someone you care for that you can be a homeowner as well.
Narrowing down the real reasons why you would like to be a homeowner will help the person or person you elect to help you down this path

What to ask to a Realtor® interviewing for the right to represent you buying your first home?
What are the qualification for a CDA program?
Where can I get Down Payment Assistance as first time home buyer?
How many first time home buyers have you helped on the past
Can I have their names and numbers for references?

Once you are together with a professional representing you as a buyer for your first home. .
You will be discussing things like. .
Is this a good time to buy a house?
How is the Real Estate Market?
What should I buy?
Where should I buy it?
Are interest rates low?
Only then, if you are still want to go forward you will get help to get Pre-Approved
A Sample of programs you should consider if you are a first time home buyer
Each of these programs could save thousands of dollars when buying your first home
CDA
Fannie Mae NO PMI Program
USDA Zero Down Loan Program
Good Neighbor Next Door Program
Fannie Mae HomePath Renovation Program
Down Payment Assistance and Grant Programs
HUD Home Loan Program
Streamline 203k Renovation Loan Programs
VA or Veteran Loan Plus Program
Special Programs also should be noted as “extras” as your Realtor® evaluates your case.
Are you a:
Teacher?
Police Officer?
Firefighter?
Nurse?
Healthcare Professional?
in the Military?
Is this the perfect time for you to buy?
The answer to this is dependent on your particular siuation
Not two cases are the same. .

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First Time Home Buyer Tips Maryland | Fixing Your Credit