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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Benny Smith, Agent, Pittsburgh, PA
Wed Mar 21, 2012
Most important is get qualified with a good lender that works well with your agent. With this in place you are ready for more than a simple list of tips.
0 votes
John Cushma, Mortgage Broker Or Lender, Wexford, PA
Wed Mar 21, 2012
The best thing that a first time home buyer can do is to attend a free Home Buyer Seminar, which will walk the potential homeowner through the various stages of the homebuying process!

These include:
- Mortgage Loan Officer discussing Pre-Approval as well as the loan process
- Realtor discussing selecting the perfect home as well as ensuring you negotiate the best price
- Insurance agent to discuss homeowners insurance as well as what different types of coverage mean
- Settlement/Title Agent to explain the title work, liens, judgements, and the closing/settlement process.

There are (4) of these seminars in Pittsburgh during the month of April, so I would highly encourage checking one out!

There are some listed on the Tribune Review's Website: http://calendar.triblive.com/search?swhat=home+buyer+seminar…

The seminars hosted at Panera Bread will include all of the speakers mentioned above. Thanks!
0 votes
Virginia Stu…, Agent, Irwin, PA
Wed Mar 7, 2012
With the rates being so low, try to finance as much as possible and save your cash for future repairs or renovations. There are still a few no-down payment mortgages still out there, but there are certain qualifications regarding the buyer and/or property purchased. Some programs allow the seller to help pay closing costs; others don't. Get a Buyer's Agent to help you negotiate the best deal, so that you don't pay more than the property is worth.
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Benny Smith, Agent, Pittsburgh, PA
Mon Mar 5, 2012
Pick your agent based on education and experience. Get qualified from a lender that has experience working with that agent. These two steps will put you on a smooth path.
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Naomi Dieckm…, , 15238
Sun Mar 4, 2012
A very important factor is resale. Reseach shows that most first time home buyers will move within the first five years. So things like school district and upgrades to build equity ie...kitchen, bath(s), basement will help in the resale of your home. And one of the most important of all is LOCATION. Best of luck to you!
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Victoria Kle…, , Pittsburgh, PA
Sun Mar 4, 2012
Don't spend more than you are comfortable with! Even though you'll get "pre-approved" by a banker, that doesn't mean you can truly "afford" that amount. What you can "afford" is a payment that fits within YOUR budget that you have set for yourself. If you are seeking a home in this area, there is absolutely NO reason to get in over your head - there are terrific homes in great neighborhoods. If you are willing to overlook someone else's decorating tastes and go for the SOLID home, versus "dazzle", you will often get the better buy! This market is a very unique area - make certain that the agent you choose does not receive a premium for selling you a home from their brokerage. Ask that question when choosing an Agent.
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Dustin Hook, Agent, Cranberry Township, PA
Sun Mar 4, 2012
Work with a reliable & reputable buyer's agent that you feel comfortable with to help guide you through the process from start to finish. Sitting down in person and learning about the purchase process upfront can make the experience much more enjoyable for you as buyer. Best of luck!
Web Reference:  http://www.DustinHook.com
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Blair W. Coh…, Agent, Monroeville, PA
Sun Mar 4, 2012
Get a good Buyer's Agent to represent you and get pre-approved for a mortgage by a good mortgage person (unless you are purchasing with all cash). The right people, who are knowledgeable, well experienced and caring will give you the tips you need and diligently guide you through the home buying process successfully.
0 votes
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