Home Buying in Memphis>Question Details

Shukriaburl, Other/Just Looking in Memphis, TN

Where do I start, as a first time homebuyer?

Asked by Shukriaburl, Memphis, TN Tue Jun 24, 2014

Help the community by answering this question:


The absolutely best place to state your buying process is to review your monthly budget, accounting for all monthly income and expenditures. It's surprising how many buyers overlook this most important step when it comes to buying.

With this accomplished, you will be ready to move to phase 2 of the process which included arranging for financing and getting pre-approved for funding. Also included in this phase is finding an agent that can support your search process. Make sure you are working with an experienced full time agent that is familiar with opportunities in your target location.

Often the best way to identify an agent to work with is to attend local open houses. This activity will help you get to know some of the local inventory and provide you with the opportunity to see how these agents think on their feet and interact with the public.

Best wishes,

Bill Eckler
1 vote Thank Flag Link Tue Jun 24, 2014
I recommend doing a google search for first time homebuyer programs in your area. They usually provide assistance towards down payments/closing costs. All you have to do is take a class to better prepare you for the big step you're about to take.
0 votes Thank Flag Link Fri Aug 8, 2014

Please feel free to email me with any questions you may have about the buying process. Thanks!

Dustie Zvolanek
Fast Track Realty
0 votes Thank Flag Link Fri Aug 8, 2014
When you want to buy a home the best place to start is to hire an EXCLUSIVE Buyer Agent, not just a Buyer's Agent. EBAs only work with homebuyers and there is never a conflict of interest that will jeopardize your negotiating position. Contact http://www.naeba.org for a referral in your area.

I've written a best selling book called Buying a Home: Don't Let Them Make a Monkey Out of You. It'll teach you how to buy a home and get a mortgage without getting ripped off. Follow the link below.

Best of luck!

Alysse Musgrave
0 votes Thank Flag Link Tue Jun 24, 2014
Here is a link to my web site with information for first time buyers: http://www.tammyhayes.remaxagent.com/remaxflorida/index.asp?…
0 votes Thank Flag Link Tue Jun 24, 2014
I agree with Bill in suggesting you review your budget first.

The next step would be to speak with a mortgage professional. You need to get pre-approved before you shop for a home. This will help you to look within your price range.

Once you have determined how much you can really spend and are pre-approved you should find a good Realtor. I prefer referrals, so, I suggest you ask friends and family for some recommendations.

Best wishes,

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
0 votes Thank Flag Link Tue Jun 24, 2014
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer