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March 24, 2023    中文(简体)   

Smart Steps for First Time Homebuyers

Smart Steps for First Time Homebuyers

smiling couple looking back in front of their house

So, you are about ready to buy your first home. You have to be prepared for it. Perhaps among the challenges you’ll face is the probability that you could be bringing less cash compared to those who are considered seasoned buyers.

Your edge, however, is your flexibility. What do we mean? Simply that you are not solely depending on selling your current home for the funding of the deal. If you want to know how you can advance your way into the housing market, here are some moves you might want to consider:


  1. Like we mentioned, if there is one edge that you have over experienced buyers is your ability to not rush the move-in date. You can take advantage of this. You can ask your agent to get in touch and find out what the seller exactly needs and you can meet that.
  2. Get your financials set. You want to make sure that before you start checking out properties, you have cleaned up your credit and have already saved up for your down payment. This will help you qualify for a better mortgage rate. Be thorough when checking for errors on credit reports. To boost your credit score, pay your credit cards and try to avoid late payments as it is one of the most important things you can do
  3. Get pre-approved. Doing so will give you an edge especially with sellers who are looking for a fast and hassle-free deal. Getting pre-approved means you already have a mortgage lender check your credit and your income and assets verified. There are lenders who are willing to provide a fully underwritten pre-approval that commits to funding the loan, which actually, is almost like cash.
  4. Find yourself your very own advocate. Nowadays, more and more people overlook the advantages of having human help to achieve their real estate aspirations and instead rely on apps that are becoming more and more famous. But actually, if you have a really good agent, he or she can help you go through listings and even guide you through all the processes including financing, inspection, and negotiation.

If you are in need of a reliable buyer’s agent to help you nail your first ever real estate purchase, do not hesitate to call Daniel and Bonnie Wan. We can make sure that your journey towards buying your new home is an exciting one!

Posted By:Bonnie


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