5 Awesome Tips for First Time Home Buyers

If you are in the market for your first home then you are likely super excited and ready to move in before you even begin your search.

first-time home buyerThere are a 5 awesome tips you need to keep in mind when you are a first time home buyer.

  • Check out what the houses in the area in which you are going to look for your new home are selling for. You can also talk with your Realtor to see what comps are like in the area in which you want to live. By doing this you are going to be able to more quickly narrow down not only where you want to live but more importantly where you can afford to live.
  • Use a mortgage calculator to find out how much of a payment you can afford.
  • Have a budget already in place before you even think about becoming a new home buyer. This will help you to know exactly how much of a home you can afford and will make it super easy to jump right in and start paying for your dream home.
  • Talk with your Realtor to find out what type of mortgage you will be able to qualify for. You may be able to get a USDA and therefore won’t have to worry about coming up with a down payment. You can also weigh the pros and cons of each mortgage type to see which one best works for you.
  • Find a mortgage broker that you will find easy to work with. Not all mortgage brokers are created equal so do your homework and pick one that will work perfectly with you and your family.

The process of finding your first home may take some time and should not be rushed. Don’t get discouraged. You WILL find the home you are looking for and once you hear the words “under contract” you will be able to know that it won’t be long before you and your family will be moving in and enjoying your home for many years to come!

Information courtesy of Chicago Realtor Karen Breen Elia.

MAKING A POSITIVE DIFFERENCE IN PEOPLE’S LIVES.

Karen Breen Elia & Louis M. Elia, REALTORS®, are brokers for homes, condos, and multi-unit properties on Chicago’s North Side.

ChicagoCityHomes, RE/MAX Exclusive Properties
2951 North Lincoln Avenue
Chicago IL 60657
Toll Free: (866) 404-3585 Fax: (773) 938-1467  Send An Email

We know Chicago Real Estate!  Call us today!

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