Congrats on your decision to become a home owner, I am an experienced Agent who works with first time home buyers I also have access to community organizations which will assist you with the process up to and including providing you with money towards your downpayment and or closing costs.
When you get the opportunity feel free to give me a call so that we can discuss this more.
Licensed Real Estate Agent
AC Lawrence and Company
Congratulations on taking your first step towards homeownership.
Here are some steps that you will need to take towards your purchase.
1. Meet with a mortgage professional and get prequalified. You will need to provide the last two years tax returns, 2 months bank statements and last 2 pay stubs to get prequalified for a mortgage.
2. Based on the amount of you are prequalified for, that will determine how much real estate you can purchase. You should then contact an agent to discuss your needs. Please do not use the sellers/listing agent (they represent the sellers and their best interest). You do not pay a fee to have your own "buyer's agent" represent you in NYS, unless otherwise agreed to.
Your agent can provide you with a list of properties that best meets your criteria. You should hire an agent that you feel comfortable with especially the fact that you are a first time homebuyer and may have many questions and concerns with your purchase and should have someone that can answer all of your questions. This is one of your most important purchase, so make sure you are represented properly.
Licensed Real Estate Agent
Cruse Realty / Cruz Network of Realtors
Hopefully, you've already gone through the pre-qualification process or have statements of financing handy. Most sellers require that.
Are you interested in purchasing a co-op/condo or a home in the area? I noticed that you mentioned "sponsor unit," which is a term relating to co-ops and condos.
In either case, I'd suggest that you initially locate some properties that you'd like to see based on your budget, accessibility and whatever other criteria comes to mind.
You may also want to research the areas. These sites are helpful:
Next, contact the individuals that posted any properties that caught your eye. You'll get to meet and see a few different agents in action and possibly find your new home at the same time. If you don't, but you're impressed with one of the agents, don't hesitate to ask to see what else is available.
Regarding locating agents beforehand, you can check here on Trulia, Yelp.com or Zillow
There's also friends, family and co-workers. Ask them if they can recommend a good agent.
Tom Brady SFR, e-Pro, SRES, GREEN
Licensed Real Estate Salesperson
Notary Public, Ret. NYPD Lt.
"We treat you like family!"
Charles Rutenberg Realty, Inc.
255 Executive Plaza - Suite 104
Plainview, New York 11803
It can be a luck of the draw. One helpful starting point might be to see if agents have reviews and what exactly previous buyers have to say. I for one have worked with mny first time buyers and they have practically waxed poetic on the third party website they used to write me a review bless their hearts. ;o). You can see those by going to my website and clicking on the Reviews link. http://Www.lauralazarkearns.com. Either way good luck with whomever you pick!