5 Things First Time Homebuyers Should Know

By Doherty • May 5th, 2011
Noe Valley, San Francisco, USA

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For a first time homebuyer, the process of purchasing a home is usually both exciting and confusing at the same time. At times, the process can seem a bit overwhelming and you may feel like you are in the middle of a whirlwind. With the help of a skilled real estate agent and by keeping a few important things in mind, however, you can be certain to have a great experience and to find the home of your dreams. To that end, here is a look at a few of the things you can expect as a first time homebuyer, as well as a few tips to make the process easier on you as well as your agent.

Committing the Time

If you are certain you are ready to purchase a home at this time, you should be able to find the right home within a couple of weeks. If it takes longer than a couple of weeks, chances are that you aren’t really committed to purchasing a home or you have very specific needs and wants that can’t be met by the houses that are currently available. If this isn’t the case, then you might need to find a new agent, as a good agent will listen to your needs and should only be showing homes to you that fit within your parameters.

Viewing the Homes

While it is certainly possible to view dozens of homes while conducting your search, most buyers do not see more than 20 or 30 homes before they make a purchase. Furthermore, most will not show more than 7 homes in a day, as seeing more than 7 homes within such a short timeframe can make it difficult for you to keep each home straight in your mind.

Buy It When You Find It

Some first time homebuyers exhaust themselves by looking at several more homes even after they find the “perfect” home that is priced just right. Don’t put yourself through this added aggravation. Once you find the home that is right for you, make an offer. Otherwise, you will likely waste your time looking at several other houses, only to return to the one that you knew you loved in the first place.

Keep Records

Whether you look at one house per day or 7, it is easy to get the homes confused over time. Therefore, it is a good idea to take notes at each home you visit. Be sure to write down any unusual features that the home has as well as the colors and design elements that really stand out to you. You should also take notes regarding the outside of the home, including information about the homes or other structures that are located next door.

When visiting homes, it is always a good idea to bring a digital camera with you as well. This way, you can take numerous photos of the homes, which will make it easier for you to go back and compare them to each other later.

Revisit Your Top Choices

After you have narrowed down your options to those homes that you liked the most, ask your agent to take you back so you can view them again. Be sure to pay attention to those features that you might have overlooked the first time around so you can more effectively determine which house is the right one for you.

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