First Time Home Buyer Guide
Buying a home can be a complicated process for anyone, especially for first-time home buyers. Since it is such a huge investment involving a lot of legal procedures, paperwork, and time, buying a home is never easy. Fortunately, there are many tips you can follow to make your first home-buying experience a little less scary.
TIP: You can use the mortgage calculator to help you plan your budget and determine whether you can afford to buy a home.
Once you determine that you indeed want to buy a home, make a list of what you want out of it. For instance, you’ll want to decide in advance how many bedrooms and bathrooms you want or the maximum distance from your workplace. By having these requirements laid out in advance, you will have an easier time Finding Homes that best meet your needs.
Your Real Estate Agent, Lamar Wheeler will show you several homes that closely meet your requirements. As you go about the search, keep in mind the following tips:
- Bring a camera and a notepad. By taking pictures and making notes as you look at different houses, you’ll have documentation about what you liked or didn’t like about each home.
- After looking at different places, you can review your pictures and notes, helping you determine which homes you liked the best.
- You can then revisit your top choices as you go about making your final decisions.
- Remember, if you see a home that perfectly meets your needs, don’t deliberate on it too long. Someone else might snatch it up if you wait.
Getting a Mortgage
Another important aspect of buying a home for the first time is getting a mortgage, the loan used to pay off your home. Getting a mortgage is not as difficult as you might think. There are still plenty of tips and suggestions to help you get approved for a mortgage. Call Lamar at 254-383-3736.
Though some might not get approved initially, it is still important to know what you have to fix to eventually buy a home. We know excellent credit repair specialist, and its not as expensive you might think.
Did You Know?
First-time Home Buyer Tax Credit.
While buying a home for the first time can seem to be a challenge, you can take advantage of the government’s tax credit for first-time home buyers.
Though this tax credit for first-time homebuyers may be welcome, there are some restrictions. If your income is at least $125,000 (or $225,000 for couples filing jointly), you will not qualify for the tax credit. If your income is under these levels, then you will need to provide a copy of the Form HUD-1 or the settlement statement (including the names and signatures of those involved in the sale, the address of the home, the price of the sale, and the date of the sale) along with your tax return.
The VA Home Buyers Course is one of the best pre-home buying courses a Veteran can take to understand their VA Loan benefits, Home Buying process and how to work with a Buyer’s agent. Once complete, you will be ready to use one of your most valuable Veteran benefits – VA Loan as well as really leverage the expertise of our Veteran Certified Agent, Lamar to ensure your home buying is smooth and profitable.
Once you take the FREE course online and close on your home, you’ll receive a reward in the form of a check after closing. Go to http://texhomefinder.com/military-reward/ to get started.
Few things in life can compare to the feeling of owning your own home. Though it may seem difficult, it really isn’t if you follow the advice of your realtor, Lamar. As long as you know what you can afford, and can obtain a mortgage, you’ll be well on your way toward owning a home.