Buying the First Home

Homebuying can be stressful especially for first time buyers. The whole process can be made simple when you have a team of experienced professionals on your side.

To get started, you will find a real estate professional who will represent you in the transaction. There is a huge difference between a full-time realtor and part-time agent, and an experienced professional versus a brand new licensee. You need someone who knows the market and has the expertise to handle the negotiation or any road blocks along the way. A good realtor will have a network of reliable vendors to refer you when the need comes — home inspectors, pest control technicians, HVAC service providers, roofers, contractors, etc.

Selecting a mortgage lender is a must before you start house hunting. Don’t select a lender just because he or she offers you the best rate. You want to make sure the closing cost is reasonable and the loan can be closed on time with appraisal and underwriting ordered and completed on a timely manner. If the loan cannot be closed on the settlement date as agreed by both parties, buyers will risk losing the escrow security deposit.

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