First Time Buyers and the Dream House
June 25, 2012
I was looking back to the time when my husband and out were first-time home buyers. We began by picking the neighborhoods where we wanted to live. Then we selected a real estate agent and started to look at the properties in the chosen neighborhood. We found a home that was almost like the home of our dreams. (Bear in mind we were young and first-timers.) We made an offer on the home that fit we what we could afford - lower than the asking price, of course. Our offer did not receive outright rejection but the sellers did counter it. Actually, we could have accepted the counter, but being young and brash, we simply walked away. It took some time before we found another home and it was not in our chosen area. THe happy ending to this story is that for seven years we lived in a wonderful neighborhood and made some lifelong friends.
First time home buyers do have dreams and expectations for the first property that they will own. Even in a market such as tody's where prices are way off their peaks, first time buyers are often just as we were. They want a certain neighboorhood and they look for a property to come up for sale that fits their qualifications, both monetarily and style wise.
If first time home buying prospects really wish to buy they need to follow these steps:
1) Make an appointment with a lender and get preapproved. The lender can guide you to the purchase price parameters that you can afford.
2) Make an appointment with a professional real estate agent and sit down to discuss wour needs and your wants. Some amenities are musts and some are desires.
3. Look at the homes that fit your criteria.
4. Write as straiightforward an offer as you can.
5. Be willing to negotiate.
These steps should lead to a home that will be comfortable for your lifestyle. It may not be your dream house, but it should put you on a path that could eventually lead to the house of your dreams. Five houses later, ours did.
I was looking back to the time when my husband and out were first-time home buyers. We began by picking the neighborhoods where we wanted to live. Then we selected a real estate agent and started to look at the properties in the chosen neighborhood. We found a home that was almost like the home of our dreams. (Bear in mind we were young and first-timers.) We made an offer on the home that fit we what we could afford - lower than the asking price, of course. Our offer did not receive outright rejection but the sellers did counter it. Actually, we could have accepted the counter, but being young and brash, we simply walked away. It took some time before we found another home and it was not in our chosen area. THe happy ending to this story is that for seven years we lived in a wonderful neighborhood and made some lifelong friends.
First time home buyers do have dreams and expectations for the first property that they will own. Even in a market such as tody's where prices are way off their peaks, first time buyers are often just as we were. They want a certain neighboorhood and they look for a property to come up for sale that fits their qualifications, both monetarily and style wise.
If first time home buying prospects really wish to buy they need to follow these steps:
1) Make an appointment with a lender and get preapproved. The lender can guide you to the purchase price parameters that you can afford.
2) Make an appointment with a professional real estate agent and sit down to discuss wour needs and your wants. Some amenities are musts and some are desires.
3. Look at the homes that fit your criteria.
4. Write as straiightforward an offer as you can.
5. Be willing to negotiate.
These steps should lead to a home that will be comfortable for your lifestyle. It may not be your dream house, but it should put you on a path that could eventually lead to the house of your dreams. Five houses later, ours did.
posted by shirley harry at 8:48 AM
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