Important Tips For First-Time Home Buyers

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First-time home buyers face several challenges, including the need for a down payment and the financial stability to qualify for a home loan.
Before you buy a home, look for a several factors!!!
Know Your Market
Get an idea of a price range where you want to buy your first home. Best way to find a home is to search online and contact a REALTOR® who can help you focus on your priorities. If you can explain what appeals to you about a particular location, a REALTOR® with local knowledge can identify similar neighborhoods that may have less expensive homes yet matches your wish list.

Shift Your Priorities
You may need to compromise on a few things form your “wish list” in order to live in a neighborhood that is out of your budget. “Some first-time home buyers opt for a condominium because it can be less costly and require less maintenance, but it’s important to remember that a condo also has a monthly condo association fee that will be part of your housing expenses.”If you go into the process with an open mind, you may find that you can overlook a minor flaw in order to live in your preferred neighborhood.
Consider a Fixer-Upper
Research shows that buyers prefer a home that’s in pristine condition, but a home that requires some cosmetic improvements such as fresh paint, landscaping, and new carpet or window treatments can be a bargain. This way, you can buy low and sell high
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Affordability Options for First-Time Home Buyers

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