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Trulia, Other/Just Looking in San Francisco, CA

What are some tips for first-time home buyers?

Asked by Trulia, San Francisco, CA Sun Mar 4, 2012

Can you share some of your top advice or tips for home buyers?

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Answers

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Get a pre-approval from a lender before you do anything. If you do not know a lender, get in touch with a realtor in your area who can recommend one. In that case, finding a realtor to work with you would be your first step.

Decide what kind of house you are looking for and where. Again, a realtor can help you with this. I wouldn't do anything without a realtor.

Any questions,
I would be more than glad to help you.

Nina Kraus
Coldwell Banker Residential Brokerage
414-207-3953
Web Reference: http://kraushouses.com
0 votes Thank Flag Link Mon Mar 5, 2012
As a professional that has helped hundreds of first time buyers I would first recommend that you set some time aside to meet with a Realtor. There are many curves in the road to buying your new home (and potholes too) LOL. You should find someone that is in the business and offers you the expertise to help you with whatever situation you are in.

Most buyers prefer to work with an agent as a representative for them, called a Buyer's Agent. A Buyer's agent will represent your best interests and can negotiate the best possible contract for you. Take the time to speak with a Realtor before you start looking at homes, they can help navigate you towards the best experience - from getting the right loan program to finding your dream home.
0 votes Thank Flag Link Mon Mar 5, 2012
Get pre-approved first, then pick an agent that will sit down with you and talk about the whole process of buying a house in todays market. I find this meeting to really help get everyone on the same page, before we start looking at homes.
0 votes Thank Flag Link Mon Mar 5, 2012
1. Hire a Realtor who you are comfortable working with and make sure he's working on your behalf as a Buyer's agent. The right Realtor who blends with your personality will make the home shopping process so much easier and less stressful.
2. Get Pre-Approved with a quality mortgage broker/banker.
3. Buying a home is the biggest buy of your life, be prepared to spend lots of time looking at many homes.
4. Make sure your expectations are realistic with the loan amount you can afford. Make a list of things your new home must have and a compromise list of things you are willing to forgo in order to purchase a quality home.

If you have any other questions, please don't hesitate to call my Realiteam Realty office, (414) 727-8280.
0 votes Thank Flag Link Sun Mar 4, 2012
First time home buyers can easily feel overwhelmed by the enormity of buying a house...so my first bit of advice is find a real estate agent that you feel comfortable working with (preferably a buyer's agent). A good agent will help explain the "big picture" of buying a home so you understand each step as you go along. Next, speak to a lender and have a pre-approval letter in hand...this will keep everyone on the same page when you look for a home. You know exactly what you can spend, and not a penny more. It will keep you from looking at houses you cannot afford. Finally, create a "need" vs. "want" list; items on your "need" list will be things you absolutely must have (ie: 2-car garage, large back yard). Items on your "want" list will be things that would be nice (whirlpool tub, skylights), but that you don't have to have. So now you have everything you need to start looking for a home: 1) a buyer's agent, 2) a pre-approval letter from your lender, and 3) a "need" vs. "want" list. Happy home shopping!

Kris Plechaty - First Weber Group Realtors
kplechaty@firstweber.com
0 votes Thank Flag Link Sun Mar 4, 2012
Get pre-approved first. Spending time looking at homes you can not afford or to find out later you could have spent more is too much time lost. Having your loan documents in one place and reviewed will make the purchase process smoother. Decide what features in a home are most important to you. Best wishes.
Web Reference: http://www.monaelmore.com
0 votes Thank Flag Link Sun Mar 4, 2012
Don't agonize over petty details and amenities that might have you miss or delay a great opportunity in the grander scheme of things. And hire a Buyers Agent to help with the entire process from start to finish. Please make sure that you have a SOLID pre-approval in your hands before you begin looking. Your search will go much better and avoid potential 'gotch-ya's if you follow these tips. Good luck!
0 votes Thank Flag Link Sun Mar 4, 2012
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