Special Tips for First-Time Homebuyers

If you’re looking at buying a home for the first time, there are some important things you should do and a few things you should avoid.

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If you are buying a home in today’s market, it’s a tough time. We’ve got some special tips for you today, which will be especially good for first-time homebuyers.

First, just know up front that you’re going to have to compete for that home, and your offer may get rejected. Don’t think that just because you’ve made an offer, you’re going to get that house. Unfortunately, there’s a lot of competition—many houses we’ve seen have had 10 to 20 offers on them.

Don’t think that just because you’ve made an offer you’re going to get that house.

Second, you need to be sure that you have your finances in order. Don’t make an offer on a home without being pre-approved, not pre-qualified. Have your pre-approval letter in hand.

A lot of buyers will go to open houses to look at the properties and make a common mistake. They get really excited and tell everyone they know about how much they love the house. My advice is to play it cool; don’t let people know that you’re thinking of making an offer, because, sure as the world, if you want it, someone else does too. Be calm and low-key during an open house, and don’t let everyone know what you’re thinking.

Once you get your offer accepted, lay low during that process. Don’t make any major purchases, quit your job, or do anything that could affect your qualification. We’ve seen many deals fall apart because someone could not qualify.

So if you’re a buyer in today’s market, you need a buyer’s specialist working for you, looking out for you, and taking care of you.

I’m so proud of the buyer’s specialists on the Charlotte Mabry Team. These folks help their clients get the offer in place, get the best offer they can, and win out. We know a lot of great tricks that can help your offer be the offer that is accepted.

If you want that information or have any other questions,  you can call our team or send me an email. Have a great day!