3 Tips First-Time Homebuyers Should Know Before Buying Homes for Sale

When searching for homes for sale in the Dayton, OH area, you do not want to make any of the mistakes that haunt most first-time homebuyers. Instead, use these tips, and always consult with an exclusive buyer’s agent to make sure you get the best deal possible.

Check your Credit

While this should be mandatory, many first-time homebuyers forget to check their credit prior to applying for a mortgage loan. You can never assume what is on your credit report. There may be inaccuracies listed on your credit report, along with debts or inquires you never made. Therefore, you should always check your credit to determine if you should wait and repair it prior to applying for a loan.

Inspections and Contingency Clauses

Many first-time homebuyers do not think about a contingency clause because they do not foresee any issues happening in their future. However, accidents and unexpected situations happen and you should be prepared when they do. With a contingency clause, you could be eligible to receive the money back you used to secure the home, in cases where you lose your job and the loan falls through.

Down Payment

The odds of moving into a new home without a down payment are very slim, which is why you should know where this money will come from ahead of time. You may have the money in your savings account, or your family and friends may help you out. If not, you should look into programs available through local, state and federal organizations that provide assistance for first-time homebuyers.

You do not want to enter into any agreement lightly, especially becoming a new homeowner. Always consult with an exclusive buyer’s agent to receive the knowledge, advice, and tips you will need when making this huge investment.


Sources:
5 tips for first-time homebuyers, bankrate.com
5 foolish mistakes first-time home buyers make, usatoday.com

Working with an Exclusive Buyer’s Agent in Today’s Real Estate Market

Searching for the perfect home in Dayton, Ohio, can be difficult to do without an exclusive buyer’s agent. After all, he or she has a keen understanding of the complexities associated with real estate processes. Your exclusive buyer’s agent will provide you with objective information, advice, and the support you need to make the best purchase.

Negotiation Process

An exclusive buyer’s agent typically has the ability to set a price on a property the moment he or she walks through the door. They will have knowledge pertaining to the value of similar homes within Dayton, Ohio, which helps them determine if the property is overpriced or under-priced. They will also determine if the home has repairs that should be included in the real estate agreement so you are not stuck with the bill in the future. Exclusive buyer’s agents, such as the ones from Buyer's Corner Realty, will negotiate in your best interest, which ensures that you get the best deal possible, in addition to the best home available on the real estate market.

Previewing the Home

You may see a property listing and think it has everything you want; however, your exclusive buyer’s agent could preview the home and find hidden problems or other issues you should be aware of, such as foul odors, a missing air conditioner, or mold. Your exclusive buyer’s agent will determine if the home is still appropriate to purchase, or he or she will tell you to pass on the property.

Access to More Properties

Many homeowners have properties available in Dayton, Ohio, but a large number of those homes are not actively advertised on the market. You can gain access to these homes through an exclusive buyer’s agent, which gives you a larger property listing to choose from during your real estate search, significantly improving your chances of finding the perfect home.

Sources:

10 Benefits of Using a Real Estate Agent to Buy a Home, home.howstuffworks.com

Buying Homes for Sale From Out of State with Help from an Exclusive Buyer's Agent

Whether you're moving for professional reasons or venturing back to your birthplace, purchasing a home that's hundreds of miles away can be a challenge. You aren't physically in the area to casually visit all of the desired properties. To make your research much easier, hire an exclusive buyer's agent. These professionals will do the walking for you as you narrow down some purchasing decisions.

Real Estate Tips: The Top Features You Should Look For in a New Home

Purchasing any real estate property is a major decision for any investor. After you sign the property's transfer papers, you're legally bound to the home's care and upkeep. That's why it's critical to examine certain features before you purchase any property. You want to make the right choice for your needs.