if a couple wants to buy a home for the first time what are the first steps?

Asked by Jessica, Maywood, CA Wed Apr 13, 2011

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Matt Pickett, Agent, Colorado Springs, CO
Wed Apr 13, 2011
lender financing is the first step. Call a local lender or a national lender. Or give a REALTOR a call to see whom thay mau suggest
1 vote
Neil Najibi, Agent, San Jose, CA
Wed Apr 13, 2011
Great question:
1- get yourself approved for a loan.
2-get yourself approved for a loan.
3-get yourself approved for a loan.
4- Find a hard working agent.
5- get it done.
0 votes
Dorene Slavi…, Agent, Torrance, CA
Wed Apr 13, 2011
Dear Jessica,
First contact your bank and get a Pre-Quaification letter so you know what you can afford. Then you will call local realtors and make a decision on who you will work with as a buyer agent on your purchase. An excellent buyer agent will explain everything to you and assit you in your home purchase.
0 votes
, ,
Wed Apr 13, 2011
It isn't difficult as most first time buyers think. The process is actually pretty straight forward now. Here are few key factors:
1.) Credit Score of at least 600+ (for a decent rate anyways)
2.) 2 years of employment history (unless you graduated from a tech school or college)
3.) Since Maywood is not in a Suburban or Rural Area, you need to have at least 3.5% for down payment (unless you get the seller to pay closing costs, if so we do CalHFA or CA Platinum with only a .500% down payment.

The rest is simple! Let us know if you have any further questions.
Web Reference:  http://www.AFN-Loans.com
0 votes
Shanna Rogers, Agent, Murrieta, CA
Wed Apr 13, 2011

Your first step should be to get pre-approved for a loan. Unless, of course, you are purchasing with all cash. Once you have your pre-approval, you will know what you can afford and therefore will have a price range for homes to look at. Your next step should be contacting a Realtor in your area and have them represent you as a buyers agent.

Shanna Rogers
SR Realty
0 votes
Andrew H. Sc…, Other Pro, Brockton, MA
Wed Apr 13, 2011
Consult a real estate attorney who is familiar with your area. Sometimes, brokers may be working for the seller or have a duty of loyalty to the seller. A good and honest attorney will only charge a relatively small fee, but will be acting only in your best interests. Get competent legal advice before signing any documents. The attorney will explain them to you so there are no unpleasant surprises later. Good luck with your search!
0 votes
Gus Pishue, Agent, Everett, WA
Wed Apr 13, 2011
I would say, find a broker first. This could be through a friend or a loved one that trusts the broker and will give you a referral. That broker will guide you through the steps, which include getting pre-approved for financing. This is a very important step these days that should not be overlooked. Good luck finding a great house.
0 votes
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