Ignite FB Tracking PixelThe best way to buy a house: 4 Tips for first-time homebuyers - Kim Trahan
Roussel Real Estate
Kim Trahan, Roussel Real EstatePhone: (225) 279-0012
Email: [email protected]

The best way to buy a house: 4 Tips for first-time homebuyers

by Kim Trahan 03/14/2023

Many first-time homebuyers want to know the best way to buy a house. While details can vary from one sale to the next, there are some tried and true guidelines for every real estate market. Here are some crucial tips for first-time buyers shopping for a home:

Explore mortgage options

Explore different types of mortgages by comparing conventional and FHA mortgages. FHA loans, offered by the Federal Housing Administration, allow borrowers with a less-qualified credit score to obtain a mortgage with a lower down payment. 

Conventional loans offered by banks and other mortgage lenders might have tighter approval requirements, but can have lower interest rates.

Utilize open houses & virtual tours

Touring houses is an essential part of the home search, but unfortunately not always a practical one. Luckily, 3-D tours and video tours are available for countless listings online, allowing you to visit from the comfort of your own home.

If you're able to attend an open house in person, you'll have the valuable opportunity to explore the neighborhood as well.

Find the right real estate agent for you

A well-qualified property agent understands the current housing market. Their experience and knowledge makes them a valuable partner in the homebuying process. If you're not sure where to start searching for a real estate agent, try asking friends or colleagues for recommendations.

Don't forget closing costs

In determining the total amount of money that you're willing to spend on your purchase, make sure to include closing costs. You'll get a quote from your lending agent in advance, but some buyers are still surprised at how much the closing cost actually ends up being.

While expenses vary by lender and location, expect to pay between 3% and 15% of the total purchase price at closing.

Are you ready to get started in finding your dream home? Keep these tips in mind for the best possible homebuying experience.

About the Author
Author

Kim Trahan

Kim and Mark have personally been involved in real estate deals since 2000. They love to help buyers and sellers accomplish their real estate goals! Mark and Kim have a special way of educating people along the way! They are all about the win-win situations!! If you or someone you know are looking to buy, sell or invest, reach out to Mark and Kim! I promise you will be pleasantly surprised of how easy the process is!