Learn How To Buy Your First Home

So youu2019re looking to buy your first home but the where on earth do you start.

Learn how to buy your first home. Even a first time home buyer knows that a new home is not an impulse purchase. We did our due diligence checked our credit got pre approved found a realtor. Of course there s your down payment typically between 3 5 and 20 of the purchase price. 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. And as exciting as it is it can also be a bit overwhelming.

After a decade of apartment living my husband and i finally saved up enough money to buy our first home last year. Understanding the process and costs involved will make the experience easier for first time buyers. Eight good habits first home buyers need to learn to get into the market in 2019 kate farrelly domain reporter. Buying a house is not only an emotional experience but a financial commitment as well. At this point you re just a few weeks and a good deal of paperwork away from becoming a homeowner for the first time.

The commission is usually 3 of the purchase price. Buying your first home is a huge commitment and a time consuming process. You can t just waltz in and declare i ll take it long before you get to making that offer on paper through your. In most cases the seller will pay the buyer s real estate agent s commission. When homebuyers understand the process and master the art of buying a home it can be an amazing investment.

Buying a home is one of life s major milestones. To give you a clear picture of what to expect we ve broken things down into some basic steps. A real estate agent represents you and helps you understand how to buy a house. 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. Learn about the steps you need to take on your way to home ownership.