First-Time Home Buyers in Baldwinsville and North Syracuse, NY have trust in CENTURY 21 Tucci Realty.

Homeownership has always been an integral part of the American Dream. Not only does it give you a place to hang your proverbial hat, but a home also provides financial benefits. No matter the state of the market, it remains one of the most effective ways for the average person to build wealth over time. It's no wonder most renters plan on buying a home in the future. At CENTURY 21 Tucci Realty, we help first-time buyers on a regular basis. Here's what we tell them about the often complicated financial process.

First-Time Buyer's Guide

If you're thinking about buying a home, congratulations! You have taken an important step toward your dream. But to get where you want to be, you need help. For shoppers who have never bought a home before, a local real estate agent can serve as an invaluable guide, helping you through a tangled web of forms, financing, pricing, and negotiating. With their assistance, you can take the following steps more quickly and confidently.

Get Mortgage Pre-approval

Almost all first-time buyers need help to purchase their dream home. As such, it is important to consult with a mortgage lender to find out how much you can afford to spend before you begin your home search.

Start Shopping

With the help of your real estate agent, you can start looking for homes that are within your price range. The process may take weeks, even months.

Make an Offer

Once you've located your dream home, have your agent make a serious offer. Make sure you understand all of the terms and added costs included in your proposal. If your offer is accepted, there are only a couple more steps you must take.

Obtain Insurance

Because mortgage lenders often require first-time homeowners to get insurance coverage, you probably won't have a choice about this one. And why would you want one? As your single largest asset, your home should be fully insured at all times.

Closing

A complicated process that differs by location, closing involves numerous parties who are part of the deal. Your real estate agent will explain it to you in detail before you reach this final stage.

Why Work With a Real Estate Agency?

While it is true that you do not legally require a real estate agent to purchase a home in America, flying solo is incredibly uncommon, especially for first-time home buyers. The reason? There are dozens of them! But let's take a moment to discuss the most obvious ones.

Pricing Expertise

Experienced real estate agents know their local markets, which means they can tell right away if a home is under or overpriced. This single advantage can help first-time homeowners save a bundle.

Spotting Trouble

Just about every pre-owned home, and even some new ones, have minor problems that can be difficult to detect. A seasoned real estate agent works with reputable home inspectors to undercover these issues, whatever they may be.

Finding Hidden Gems

The average buyer does not have access to nearly as many markets and resources as a savvy agent. This includes properties that are not advertised to the public. That simple fact means you will have a greater number of choices if you work with an agency.

Attention to Detail

When they try to do the job themselves, first-time home buyers often make errors on the stacks of papers they must fill out. An agent has experience with these documents and is, therefore, less likely to make major missteps.

Experienced Negotiator

When first-time buyers try to negotiate their own deals, they often get emotionally involved. An experienced agent is a far better, more effective choice to negotiate over price than someone who might lose their cool.

Helpful Resources

For those who want more information on shopping for a new home, the U.S. Department of Housing and Urban Development (HUD) can help. You can visit their website to learn more.

Contact Us

Ready to start searching for your dream home? First-time shoppers can contact CENTURY 21 Tucci Realty today. We're happy to answer any questions you might have about the home buying process.