Home Buying in Clinton>Question Details

Tinkayeye, Home Buyer in Clinton, AL

What should a 1st time buyer avoid when buying their 1st home?

Asked by Tinkayeye, Clinton, AL Wed Mar 2, 2011

When looking for a home, what should the buyer look for? What should a buyer avoid? What about the home should the buyer pay close attention to?

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a licensed agent to represent you that does not treat you like his/her next big payday. An agent that takes their time leading you through buying your first home.
Web Reference: http://www.Brianataylor.com
0 votes Thank Flag Link Wed Mar 2, 2011
Definitely hire a licensed agent to represent you. Be sure to get good market comps for recent sales, pending sales, and current listings that are similar to the home you are interested in and that are in the same area. Carefully check out the property and the neighborhood, at least twice (different times of day). Walk the perimeter, check fences, neighboring houses, inspect as best you can all rooms, closets, ceilings, floors, basements, garages, etc.. Ask for any reports or inspections that have already been done. Ask as many questions as you can about current or past problems, neighborhood issues, reason for selling, etc. to your agent and the seller and seller's agent (if available or present). Avoid letting your emotions take control which might cloud your rational judgement. It's ok to love a property, but it has to be priced properly for it's size, age, features, condition, terms, and, most importantly, location.
0 votes Thank Flag Link Wed Mar 2, 2011
Well...Why don't you register for my free home buying seminar and find out? I am holding one tomorrow evening.

Check out MDFREEHOMEBUYERSEMINAR.com for more information.
0 votes Thank Flag Link Wed Mar 2, 2011
Hi Tinkayeye

I would like to set you up with a top Broker in the Clinton area who specializes in working with first time buyers. Email me at jeremy@realworksres.com and Ill see what I can do.
Jeremy Gryvatz
Broker Associate
RealWorks Residential
Web Reference: http://www.realworksres.com
0 votes Thank Flag Link Wed Mar 2, 2011
Paying too much for the property.
Web Reference: http://www.golftobeach.com
0 votes Thank Flag Link Wed Mar 2, 2011
You should avoid purchasing a home without a Real Estate agent representing your interests.
Your agent will advise you from showing the home all the way to the closing.....you will be in very safe hands in this special moment of your life.
Web Reference: http://www.321property.com
0 votes Thank Flag Link Wed Mar 2, 2011
What a homebuyer should most look for is an experienced agent to guide them through the whole process step by step. Ask your Realtor whether the specialize in the area you are looking in and if they specialize in working with Buyers. Then you need an excellent lender to discuss all your loan options.
Some properties are available for FHA financing and some aren't - you should know why. Your realtor can explain.
Are you going to ask for some Seller paid closing costs? Do you need Seller paid closing costs? Discuss with both your Realtor & Lender.
Will you be buying into a Common Interest Community? How will that affect you payments? Are their dues? How does that fluctuate your payments?
What is a Short Sale? Do you want to wait on a Short Sale? Your agent should explain.
Are you prepared to take a property that is Bank owned or a Short Sale in "As Is" condition. Your agent should explain.

Hope this gives you a start.
Tammy Deitz
Re/Max 100
Denver, CO
0 votes Thank Flag Link Wed Mar 2, 2011
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