I have wanted to buy a home of my very own for quite some time. That is why I jumped on the chance to share this post from Erin King Jax Historic Realty, and their 5 tips for buying your first home . While this post is sponsored, it is loaded with great information. I hope you will enjoy it!
Buying your first home can be a very exciting experience, but it can also be stressful if you do not know what to look for or what steps to take. Finding a great real estate agent to help you find that perfect home can eliminate a lot of this stress, along with other things you can do to make the process as easy as possible. Below are some tips to help you through the experience of buying your first home:
Get Pre-Approved Before Looking At Homes
Getting pre-approved is essential before looking at homes. Getting pre-approved not only helps you figure out your budget when it comes to buying a home, but it can also point out any obstacles when it comes to getting approved, before you fall in love with a home. The housing market is fast-paced and if you are not pre-approved, you might end up losing a home that you love to another individual or couple that is pre-approved to secure a loan. Being pre-approved when making an offer on a home shows the sellers that you are serious about the purchase.
Make Sure Your Real Estate Agent Is Knowledgeable When It Comes to The Location
You need a real estate agent that is knowledgeable when it comes to the location that you are wanting to buy in, especially if you are not very informed about the area yourself. This will not only help you focus on homes that are located within the best areas of the city, but your real estate agent will know details that can help you make a smart financial decision when it comes to buying a home in a certain area of the town.
For example, Erin King Jax Historic Realty has years of experience in the Jacksonville housing market. He knows how crucial it is for you to find relevant and up-to-date information on not only the housing market, but also the area, in general. That is why his website (and overall goal) is to be your one-stop shop for all of your real estate needs in Jacksonville.
Erin King is here to make your home buying experience smooth and stress-free. He is a Best of Zillow® REALTOR® who specializes in Jacksonville’s historic neighborhoods. “Erin, who previously worked in financial services and holds an MBA with an economics focus, brings a deep understanding of buying and selling historic homes.
He enjoys sharing that knowledge with clients, from how to fit a 21st century lifestyle into a historic home and where to seek financing for renovation with a home purchase, to accurately pricing homes in Historic Districts such as Riverside, Avondale, Ortega, Springfield, Murray Hill, and San Marco. Erin, who prides himself on close attention to detail and quick response to clients, has put together a support team of contractors and other professionals who help transactions go smoothly.”
Deciding to buy your first home is a huge life step and in order to make it less stressful for you, Erin King offers a first-time home buyer coaching session where he will educate and prepare you for making a successful transaction. The session is free with no obligations at all! Check out his website today for more information on the coaching session and how he can help you find your first home.
Know The Difference Between Your Wants And Needs
We could all describe our dream house and all of the features that it would have. However, it is not always smart to only consider houses with all of these features that we want. When buying a house, particularly if you are on a budget, it is critical to assess what you want in a house, and what you actually need. Knowing the difference between your wants and needs can same you some money while still leaving you with a house that you love.
For example, if you want a basement for entertaining guests and storing those boxes of Christmas decorations, but you find a less expensive house without a basement but with a great living room for entertaining and plenty of storage space in the attic, it might be a better decision to go with the house without the basement and save some money. In this situation, the basement is a want, not a need. Remember, you have plenty of life to own your dream home. Your very first home doesn’t have to be your last!
Keep An Open Mind
Buying your first home is just that: a first home. If you go into the process with an idea of what you will buy in your head, you might just end up disappointed by what is out there for you. Of course, as I already mentioned, it is important to know what you need and you should not sacrifice needs, but keeping an open mind throughout the process can help you not only find a new home, but love it even more!
Do Not Make Any Large Purchases
This is a mistake that people commonly make. After getting pre-approved, you cannot make any large purchases on your credit cards! Wait until after you leave the closing table to make any large purchases such as appliances or furniture. What a lot of people do not know is that they can lose the purchase if they are willy nilly with their finances during the home buying process, so be very careful.