First-time home buyers will almost always have a lot of questions about the home buying process. Here are four things all first-time buyers should know.
If you’re looking to buy your first home, you may have a lot of questions about the process. That’s why we have four tips to make your home purchase go smoothly.
- Hire an agent. As a first-time home buyer, there are probably some things you won’t understand about the process. A good real estate agent will answer all of your questions every step of the way. Agents also look at the market all day, every day and understand the ins and outs of the industry, making them qualified to negotiate on your behalf. The best part is, an agent’s commission is almost always covered by the home seller. Their services are essentially free to you as a home buyer.
- Get pre-qualified for financing. Getting pre-qualified will let you know how much you can afford and how much the bank will loan you. There are lots of loan programs available in North Carolina that you can take advantage of, and your real estate agent will be there to help you understand the entire process.
- Get a home inspection done. A home inspection is going to point out any major defects, which we can take to the seller to fix. It’s also a way to make sure the home you’re purchasing is safe and secure.
- Don’t wait to buy a home. Interest rates are at an all-time low right now, and there are a ton of programs designed to assist first-time home buyers. Some of them help bypass a down payment, and a few even give credit for closing costs.
A real estate agent is free to the home buyer.
