We surveyed top agents at Dickens Mitchener who work with first time home buyers and came up with 4 tips for people looking to buy their first home.
# 1 Talk to a lender to have a preapproval letter in hand before you start the search
Every agent we surveyed said that this is the first step when considering purchasing your first home. A lender can tell you the price range that you can afford and what type of payment to expect. One agent mentioned selecting the right mortgage lender is paramount. Ask people you trust for lender recommendations to be sure that you can count on them for proper guidance.
#2 Work with an agent who has experience with first time home buyers
AND that you like and trust. Your agent will be there with you every step of the way, so make sure that you like their style and feel comfortable working with them. Ask them a ton of questions, after all they are the expert!
#3 You will most likely lose an offer. Stay Calm!
In this competitive market, if you like a house, chances are that someone else does as well. Unless you are willing to get as aggressive as the other desperate buyers, you will need to move on. Your dream home could be the next one you see!
#4 Take a look at additional expenses when deciding on price range.
You bought a house! That’s awesome. But then you see the bills… Make sure to go over costs of the utilities, insurance, furniture, window treatments, landscaping, transportation, and more before you purchase a home.
Looking to purchase a home in Charlotte, NC? Contact Catharine Pappas our Director of Relocation at (704) 661-2402.