3 Tips for Homebuyers

Hammond Property Group Video Blog with Brian Hammond

To help you navigate the market as a first-time homebuyer, I’ve got three tips for you.

Buying a home can be an exciting but somewhat stressful time, and requires the buyer and the agent to coordinate well in order for it to be a success. I have come up with three tips that can help homebuyers navigate the market.

1. Know what you can afford. Buying a home is more than just a monthly principal and interest payment. There are closing costs, monthly insurance costs, taxes, maintenance expenses, and possibly even HOA dues. Make sure you thoroughly assess the true cost of homeownership, so that you can compare that to your income and purchase at a level that you are financially comfortable with.

2. Choose your lender wisely. Deciding on a lender should be more than just shopping for the lowest interest rate. Also consider closing costs associated with whichever loan you choose. A competent agent will understand your situation and be able to pair the right loan product with your specific needs. You can find the right agent and lender by looking online, speaking with family, or giving us a call. We work in the area every day and can help you make the right decisions when buying your home.

Deciding on a lender should be more than just shopping for the lowest interest rate.

3. Don’t overlook the details. One example would be a home inspection. It may cost $300 to $400 upfront, but it could save you thousands down the road. Additionally, you need to make sure that you read the fine print on the contract. We as your agents want to make sure that you’re comfortable with paperwork and what it means to you in regards to the transaction.

If you have any questions about this topic or you’re looking to buy or sell a home, give us a call. We’d be happy to help!