4 essential tips for first-time home buyers.


Head of Home Loans Digital, Lephoi Mokgatle, provides 4 essential tips for first-time home buyers looking to climb the property ladder.

Buying a home for the first time should be an exciting experience for customers, but I feel a lot of the time, because of the anxiety around not doing enough research, it can be a little bit frustrating. I like to use these four tips to help customers who are buying homes for the first time to navigate that process and help them make it easier to sign on the dotted line.

Tip 1:

The first tip would be to understand where you’d like to live. So which area you want to buy in, whether you’re looking for a stand-alone home or an apartment in a sectional title, and then also do enough research about what are the property and area stats in that particular neighborhood.

Tip 2:

Second tip I would suggest is to understand your financial status. So everyone gets a free credit assessment report annually, and so use this as a guide to understand who you owe and whether you have outstanding creditors that you might not be aware of.

Tip 3:

The third tip would be to also understand the initial and up-front costs that are associated with buying a home. A lot of customers just look at the mortgage or the bond repayment, but there are other costs that are associated. So consider things like attorney fees, transfer duties from SARS, bond registration costs. And even, often, moving into the home, there are costs associated with it, such as your rates and taxes that you’d never have to have catered for before, as well as levies if you’re in a sectional title.

Tip 4:

The fourth and final tip would be to use the available online tools. So things like Nedbank’s instant bond indicator really help customers give them an indication of how much they qualify for when it comes to a bond. If you need to save for a deposit, see if you have available savings in order to use for that because it also helps with your interest rate when the bank quotes you.

For more information head to https://www.privateproperty.co.za/

First Time Home Buyer Tips | Home Buyer Mistakes in Real Estate | Why Work with a Buyer’s Agent


4 First Time Home Buyer Tips | First Time Home Buyer Mistakes in Real Estate | Why Work with a Buyer’s Agent.

Real estate agent and REALTOR® Sean Casilli goes through 4 tips for making your first time home buyers experience better when purchasing a house.

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https://www.facebook.com/sean.casilli.cwb/

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4 First Time Home Buyer Tips | Home Buyer Mistakes in Real Estate | Why Work with a Buyer’s Agent

0:54 Tip #1 – Talk to a Lender to get Pre-Approved
Link to the blog article: http://www.floridaemeraldcoastrealty.com/blog/preapproval-vs-prequalification/
3:21 Tip #2 – Create a MUST HAVE 75-80% Short List
6:03 Tip #3 – Know the Market – Make a STRONG offer.
7:50 Tip #4 – Get Yourself a BUYER’S AGENT!

Sean Casilli – Realtor®
Coldwell Banker Residential Real Estate
726 Thomas Drive | Panama City Beach, FL 32408
M: 850.628.5385 E: sean.casilli@floridamoves.com

First Time Home Buyer Tips (17 That WILL CHANGE How You Buy a House!)


In today’s home buying tips episode you’ll learn first time home buyer tips with 17 that WILL CHANGE how you buy a house!

**To get the most impact from this video to prepare you for buying your new home, watch the full video from start to finish!**

Buying a house for the first time is very exciting! Believe it or not, your already heads and tails above the majority of first time home buyers and anyone else preparing to buy a home. How so? Because you’ve taken the first step to get learn more about the home buying process by clicking on this video! Great job!

Tips for buying a home always begin with proper planning and being smart when getting ready to buy a home. In this video you’ll learn 17 of the very best first time home buyer tips and and advice anywhere on the the internet!

Watch the home buying tips playlist o learn more about how to buy a home and with numerous other videos available to you about real estate in general.

By better understanding how to buy a home you’ll be well prepared for success to avoid financial and emotional injuries.

Share your favorite part of this video in the comments below along with your first time home buyer advice in the comments section below! Thank you!

If you want help finding one of the best real estate agents in the nation, a CRS please let me know. I’m here to help!

Want to know more about new homes in Las Vegas? Send me a message. I’m happy to help.

Thank you for watching! =)

Enjoy an amazing day!
-Your Real Estate Geek, Andrew Finney

Contact info:
Andrew Finney
USMC Combat Veteran/ Real Estate Consultant
License #S.0173260

Call/ Text: 702-710-0287
Email: Andrew@AndrewFinneyTeam.com
https://www.andrewfinneyteam.com/

BHHS, Nevada Properties
7475 W. Sahara Ave. Suite 100
Las Vegas, NV 89117

Designations-
Certified Residential Specialist (CRS)
Accredited Buyer’s Representative (ABR)
Sellers Representative Specialist (SRS)
Certifications-
Military Relocation Professional (MRP)

Awesome Music Courtesy of:
Song: Syn Cole – Feel Good [NCS Release]
Music provided by NoCopyRightSounds.
Video Link: https://www.youtube.com/watch?v=q1ULJ92aldE
Download this track for FREE: http://bit.ly/SynColeFeelGoodDL

First Time Home Buyers Canada: Determining Affordability – Step 2# Income & Debt Ratios


MonsterMortgage.ca Canada Mortgage Expert Savio Vaz helps first time home buyers determine how much ‘house’ they can afford.

This is the second mortgage blog in a mini-series of tips & tricks for first time home buyers in Canada looking to purchase their first home or condo.

Savio takes a look at the second determining factor for housing affordability – your income and your debts, which in turn determine your ‘debt ratios’. These ‘debt ratios’ are calculations that lenders will use to decide on your mortgage. By doing these exercises yourself you can get an idea of what mortgage you might qualify for – helping you to get a handle on what you can afford before you decide to buy.

If you enjoyed this video or have any questions about the Canada mortgage market or obtaining a mortgage in Canada as a first time home buyer, read and watch our other video blogs at www.monstermortgage.ca !

House Hunting Tips for First-Time Homebuyers – HGTV


When you’re shopping for your first home, the house hunting process can seem overwhelming. HGTV experts Genevieve Gorder and Egypt Sherrod offer their top home-buying tips:

1. Focus on location. The house can always improve, but where you put it can’t change.
2. Do your research to find the right real estate agent. Check reputable websites, ask for referrals from friends and family, and call brokerages.
3. Keep an open mind. Don’t talk yourself out of a house or type of house before you see it for yourself.

Find more great content from HGTV:
HGTV YouTube Channel: http://www.youtube.com/hgtv
Subscribe to HGTV on YouTube: http://www.youtube.com/subscription_center?add_user=hgtv
Follow HGTV on Twitter: http://www.twitter.com/hgtv
Like HGTV on Facebook: http://www.facebook.com/HGTV

What first time home buyers should consider when purchasing a home.


VIDEO TRANSCRIPT:

Reporter: Buying a home is a life-changing event for most people, and it can be quite complex when one is not sure where and how to start. We have Tim Akinnusi with us in the loft, who is the head of home loan sales and client value management at Nedbank Home Loans, to talk us through some of the key considerations that one has to look at when buying property. Welcome to the loft, Tim, happy to have you with us.When one is considering to buy a home for the first time, what should they be thinking about?

Tim: I think firstly, they need to understand their personal readiness. They need to look at their relationship with credit, because that is the first thing that banks would look at when you go to a bank for funding. How have you managed your ability to make repayments on small things like your credit cards, clothing accounts, etc? From there you you need to start to look at your affordability, because you need to look at what you can afford, not just in a short term but over a period of time. We have an affordability calculator that you could use to find that out. In essence it’s your expenses minus your surplus and that gives you a range of what you could afford. And thirdly, you need to start to look at how much savings that you’ve had because there’s some costs involved. The cost of initiating the loan, and obviously when you are in this dream home of yours, you then need to make sure that you can maintain it. Things like electricity bills, your levies, rates and taxes, etc. So that’s then key. Then lastly, your life stage. So what stage are you in your life? Because when you buy property you have to buy it for the correct life stage if it’s your primary unit. So if you’re a bachelor, you want to typically be looking at a bachelor pad or a one bedroom place to start off with. And kind of gauge, say you’re going to be in this house for a couple of years and if you’re looking to then settle down you may want to look for something slightly bigger. So consider your life stage and how soon you’re likely to evolve before then committing yourself to a property.

Reporter: Now, speaking of life stage, what about the house? What should be considered when you’re buying a house?

TIm: Yeah, so you could either buy a house in an estate or a standalone, which would imply that you’re buying in a sectional title if it’s an estate or a standalone that’s a full title. So I think key considerations would be things like security, amenities, where you work, where you socialise, and also what you’re looking to get out of the property. Is it your primary residence, or are you looking at it from an investment standpoint? Because that would determine whether or not you decide to personalise it or to keep it quite– I suppose quite classic.

Reporter: And what role does the bank play in this whole process and your relationship with your bank?

Tim: So as a bank, the role that we play is obviously to help you find the place. And part of the funding process is also about educating you to understand exactly what channels you can use to acquire a home loan, what costs you need to be looking at to consider. And then obviously as you go along, you can be a little more sophisticated in terms of your use of the place or in terms of your use of the home loan. You can either pre-pay into it– which is a good way to create a little bit of a slush fund for you whenever you need additional funding, and also when you eventually pay that off, hopefully the property has appreciated in value so that when you buy your next place you have a nice deposit to put down, which will help you manage the long term value and the rate that we give you on your next place.

Reporter: Wow, so how has Nedbank partnered continuously with home buyers in the past 20 years?

Tim: We’ve got a long history with being able to fund people’s homes, mainly South African homes. And for us, what we’ve tried to do over the last 20 years is constantly make sure that anybody who takes out a bond from us is able to sustain that and to ensure that this continues to be an asset for them over the long term. So part of our strategy is to create easy channels for people to get access to a bond. To create a lot of education around the various options they have for property. So they either can do a buy to let, you can either buy property for investment, or choose to build something. So we’ve tried to make sure that we cater for everybody’s needs at whatever life stage that they’re at at that point in time.

4 essential tips for first-time home buyers.


Head of Home Loans Digital, Lephoi Mokgatle, provides 4 essential tips for first-time home buyers looking to climb the property ladder.

Video transcript:

Buying a home for the first time should be an exciting experience for customers, but I feel a lot of the time, because of the anxiety around not doing enough research, it can be a little bit frustrating. I like to use these four tips to help customers who are buying homes for the first time to navigate that process and help them make it easier to sign on the dotted line.

Tip 1:

The first tip would be to understand where you’d like to live. So which area you want to buy in, whether you’re looking for a stand-alone home or an apartment in a sectional title, and then also do enough research about what are the property and area stats in that particular neighborhood.

Tip 2:

Second tip I would suggest is to understand your financial status. So everyone gets a free credit assessment report annually, and so use this as a guide to understand who you owe and whether you have outstanding creditors that you might not be aware of.

Tip 3:

The third tip would be to also understand the initial and up-front costs that are associated with buying a home. A lot of customers just look at the mortgage or the bond repayment, but there are other costs that are associated. So consider things like attorney fees, transfer duties from SARS, bond registration costs. And even, often, moving into the home, there are costs associated with it, such as your rates and taxes that you’d never have to have catered for before, as well as levies if you’re in a sectional title.

Tip 4:

The fourth and final tip would be to use the available online tools. So things like Nedbank’s instant bond indicator really help customers give them an indication of how much they qualify for when it comes to a bond. If you need to save for a deposit, see if you have available savings in order to use for that because it also helps with your interest rate when the bank quotes you.

For more information head to https://www.privateproperty.co.za/