A successful home buying experience is all about getting the details right from start to finish. These tips for first-time home buyers will help you navigate the process, save money and close the deal.
PREPARING TO BUY:
Determine how much you can spend on a house before you start to shop. Check your credit score and work to strengthen it.
Start saving for a down payment. Your down payment will depend on the lender and type of mortgage you choose, which can be as little as 3% with excellent credit. Use a down payment calculator to help you get started.
Research closing costs. These are fees and expenses that finalize your mortgage at closing, and typically range from 2%-5% of loan amount.
Prepare for move-in expenses. Set aside money for home repairs, upgrades, and furnishings.
FINDING AN AGENT:
Choose a dedicated Coldwell Banker Real Estate agent to help you find your perfect home in the Montrose/Delta area to help guide you through the process.
Look at neighborhoods and discuss the options you are looking for in a home.
Stick to your budget that you can comfortably afford.
Make the most of Open Houses and online 3D viewing of homes.
Once you find your dream home, pay for a home inspection to assess structure and mechanical systems. Professional inspectors can identify potential problems so you can make an informed decision about buying the property.
Once you’ve purchased your new home, buy adequate homeowners insurance to cover repair/replacement costs. Include liability insurance in case you’re held responsible for an accident or injury.
The home buying experience can be both daunting and exhilarating. Take the hassle out of it by using one of our knowledgeable Coldwell Banker agents to help guide you through this process.