First Time Home Buyer

Are you a first time home buyer?

Buying a home may seem like a complicated process especially if you are a first time home buyer. Below is some first time home buyer information to help you get started on buying your first home.

Steps for the First Time Home Buyer

If you are a first time home buyer the most important thing you can do to insure a smooth home buying experience is to take the proper steps. Here is the first steps:

Get Pre-Qualified for a First time home buyer Loans

Before you begin searching for Orange County homes for sale you should learn how much and what type of first time home buyer loans you qualify for. At this time, you will also learn if you qualify for any first time home buying grants or other down payment assistance programs. Get pre-qualified for a first time home buyer loan now.

Get a Formal mortgage pre-Approval for your first time home buyer loans

Once you know the amount you have qualified for a first time home buyer loan you should have then get a mortgage pre-approval and pre-approval certificate. A mortgage pre-approval will assist you in your Orange county real estate negotiations by proving to the home seller that you are approved for buying a home. Get pre-qualified for a first time home buyer loan now.

Search Orange County Real Estate Listings

As a first time home buyer it is important that you begin searching Orange county real estate listings of homes for sale at prices well below your maximum mortgage pre-approval amount.

A common mistake of first time home buyers is that they begin looking at homes at the maximum mortgage amount they are approved for. This greatly reduces the available homes for sale and often the first time home buyer will then look at homes above their maximum mortgage amount thereby causing problems in closing your escrow.

Negotiate your home Purchase

Once you have found the piece of Orange county real estate that you are most interested in buying is you should negotiate your transaction correctly. A first time home buyer can benefit greatly by negotiating closing costs into the price offer of your home.

This is important because this allows first time home buyers to have more funds available after the closing of the real estate transaction. This is important because instead of financing your purchases on credit cards, you can use the money saved to pay cash and avoid additional monthly payments.

Remember that you must be prepare in advance to do this before making an offer to buy a home. If you have already opened escrow it is most likely too late. Contact us at (800) 931-7377 or via email to learn more about negotiating your closing costs into your Orange County real estate purchase.

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