Real Estate Guide for 1st Time Buyers
Buying a home for the first time can be scary, but as with anything else in life,
the right preparation brings about good results. Remember, the right home for
you is one you want and can afford. The Prudential C. Dan Joyner Co. serves Spartanburg,
Greenville, and the entire Upstate, SC area. Our real estate team has prepared
a guide for first time buyers to highlight important factors to consider as you
take those first steps toward owning a home. For additional information, please contact an agent today.
Find out what you can afford
Trying to figuring out how much you can afford to pay and the fear of being rejected for a home loan are two of the main concerns for first-time homebuyers. Our calculator will help you determine how much home you can afford.
Once you get your numbers in mind, the second step is to get pre-approved for a loan. There are many types of loans available, some specifically for first time home buyers so itís important to explore all of your options with a mortgage company. Plus, most real estate agents wonít work with someone who has not pre-qualified for a home.
Define what you want
It helps the process if you do a little research and know what areas appeal to you, what type of home you want and what features are important to you. Once you narrow down the field, itís time to find out what homes are available. Browse local homes for sale in Greenville, Spartanburg, and throughout the Upstate, SC. For additional real estate information, you can also contact a local agent.
Now you're ready to visit houses. Your Prudential agent will arrange showings, and help you keep track of the properties you've seen.
Your agent can also help you understand the local real estate market and help you identify the features that will be best suited to your needs.
Rate the houses you tour
After touring each home, write down what you liked and didn't like. Develop a rating system that will help narrow the field down and take lots of pictures.
Make an offer
Once you've pinpointed your dream house, it's time to get serious about the financial and contractual side of the purchase. Your Prudential agent will be a strong advantage since you and the seller have different goals, and the agent will handle the negotiations on your behalf.
Arrange for a home inspection
After your offer is accepted, set up a home inspection. It's common to find problems, including leaky roofs, cracked walls, insect infestations and foundation problems. Your real estate professional can help find a reputable inspector, and will negotiate to get you the most for your money once the inspector's report is final. If you negotiate repairs as part of the purchase, ask for a "walk through" before finalizing the paperwork.