Real Estate Insider Blog
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If you are thinking about buying your first home, there's probably a lot on your mind. You may be thinking about the home's size and layout. You are likely thinking about and planning for all of the things you'll do. However, as a young family, you also have to consider the neighborhood and community closely. You'll likely need to remain in that home for some time to break even, so you'll want to ensure the home is the right place for you and your family.
Tips on finding a great home in the Clearwater Area:
As a first-time home buyer, you have a lot on your mind when it comes to finding your dream home, paying for it, and taking care of it. What are the biggest mistakes and misconceptions you have about the process? These are key areas of concern for many people today.
The mortgage payment: Be sure you can afford your mortgage payment and invest the time in creating a budget. Get with your lender to see how much you will need to put down and ask your Clearwater area REALTOR® to see how much your estimated closing costs are. Doing the above will ease your mind so you’ll know how much loan you can manage and the total cash needed to close.
The renovations: Perhaps one of the biggest mistakes new home buyers make is not fully understanding what revisions are necessary. First-time home buyers rarely should consider significant renovations unless they have the budget to tackle it. A home inspection can help clear up some of your concern. An experienced REALTOR® like Christopher Milson should be able to give you a “ball park” estimate of the amount of work needed and successfully negotiate to get adequate compensation for any possible repairs.
The neighborhood: Have you taken the time to explore the neighborhood? Do a bit of experimenting so you can avoid having to struggle later. Drive to and from work from the new home during the normal times and walk the neighborhood with the kids. If you can’t physically get to a particular area, take...
Buying any home is an intimidating proposition, even for the well planned, so first home buyers may find it especially daunting. With the median sales price in Clearwater, FL hovering around the $165,000 mark, your first home is likely to be the biggest investment decision you're ever going to make as a young adult. This guide arms you with winning strategies to buy your first dream home.
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