First-Time Home Buyers
Hey there, future homeowners! If you're gearing up to buy your first home in lovely Moscow, Idaho, we're here to make it a breeze. Below, you'll find some practical tips to help you dodge common pitfalls and get you on the path to success.
Step 1: Set Your Budget
Before you jump into house hunting, let's talk money. The first thing is to find a mortgage broker you trust and have a conversation to figure out how much house you can actually afford. This step helps you avoid biting off more than you can chew.
Step 2: Get Pre-Approved
Now that you've got your budget in mind let's get pre-approved for a mortgage. Sellers love it when buyers come prepared. Pre-approval means you're serious and shows you're shopping within your budget. It doesn't cost much, and you can usually pay it when you close your loan.
Step 3: Getting Focused
Time to get organized! Now that you have a clear picture of what you can afford, you'll want to hone in on what really matters to you in your first home. This will keep you from focusing on homes that won't fulfill your desires and needs.
- Start by writing a complete list of all the things you might want.
- Narrow that list down to your top 10 priorities. Anything that doesn't make it on your priority list is your wants!
- From your priorities, circle the top 3-5 absolute must-haves. Things that you could not live without.
You should now have 3 lists. Your 3-5 must-haves, your top 10 priorities, and your wants. Now you have 3 layers of focus. If a home doesn't have your must-haves, you can scratch it out immediately. And if you have several good options to choose from, you have a tool to help you decide which one will suite you better in the form of your priorities and wants lists.
Step 4: Find a Real Estate Agent
Think about hiring a real estate agent who'll work for you, not the seller. They'll guide you through the process and protect your interests. Take care who you decide on. Not all agents provide the same experience. Do some research before committing and make sure you're getting somebody who will earn their keep!
Step 5: Let's Go House Hunting
Now, the fun part begins: looking for a home. As you check out potential homes, think about how they'll fit your needs. If you follow along, you'll already be armed with your lists!
Step 6: Pay Attention to Details
Don't overlook the details. Include inspection and mortgage contingencies in your written offer. Get a pro to inspect the property to avoid any surprises. And don't forget to do a final walk-through within 24 hours of closing to make sure nothing unexpected has happened.
Whew! There's a lot that goes into this. If you have questions or would like to sit down and have one of our guides walk you through the process, drop your information in the form below, and we'll be in touch.
P.S. Don't worry! There is no obligation to buy when you reach out. The Story No-Pressure Guarantee is there to make sure you have the best experience possible! We just want you to have everything you need to make great real estate decisions.