Whether you're new to real estate or a seasoned expert, it can never hurt to consult a homebuying guide. While talking to real estate agents is a great starting point, there are other factors and tasks to consider that complement their support.
Here are some of the things to think about as you prepare for your homebuying journey:
Factors to consider before your home search
What should your goal be before you get started? Think of all the homeownership options. What are your reasons for buying a home? Maybe you want to buy a home for investment, personal independence, passive income opportunities or planning for your future.
These are just some reasons potential buyers think about buying a home. Understanding your goals for homeownership will help you make better choices.
The homebuying process
The basic steps in buying a home typically are:
- Search for listings meeting your specific criteria and budget.
- Make an offer on a home.
- Negotiate purchase price if necessary.
- Get a home inspection & appraisal.
- Close on the home (pay all closing costs & complete all necessary paperwork).
Special conditions for first-time homebuyers
There are many forms of financing available to first-time homebuyers, such as those offered by the Federal Housing Administration and the U.S. Department of Veterans Affairs. You may also want to find a real estate agent with deep understanding and experience in helping first-time homebuyers for expert tips and valuable guidance.
How much money should I save before buying a house?
What is your maximum budget for the down payment and mortgage loan? Pre-approval from a mortgage lender is needed for an accurate assessment of your financial situation and gives you a competitive edge as a buyer.
Are you ready to get started on your journey to homeownership? Keep these basics in mind as guidelines for making the best decision and finding your dream home.
About the Author
Pablo Torres
Pablo Torres is a qualified Real Estate Agent with over 10 years experience in real estate sales, due diligence and contract negotiations. Knowledgeable of South Florida neighborhoods. Currently, Pablo focuses his skills on all markets in the Miami metropolitan area.
He has the ability to understand sellers, buyers and renters needs with excellent communication. Fluent in English and Spanish with working knowledge of Portuguese. Pablo has impeccable reputation and a passion for real estate.
He graduated with a degree in International Business from Florida International University (1998) and a masters in business administration from Nova Southeastern University (2003). He had embarked on a career in commercial banking before being driven to switch to one of his passions-real estate.
Dedication, perseverance and punctuality allowed Pablo to sell different types of properties. His expertise with South Florida's cultural diversity has allowed him to sell real estate to both buyers and sellers.
Part of what makes Pablo so successful is his dedication to exceptional customer service and his devotion to their needs, whether they are buying or selling properties. Pablo has many repeat customers who cite his willingness to work long hours to resolve the toughest issues, as a reason why they stick with him. Torres integrity, attention to detail and careful handling of a transaction, exceeds their expectations. Sellers know that Pablo's extensive and personalized marketing strategies, means that their listing is seen by most buyers.
As a real estate professional, Pablo has the tools to represent your interests in virtually any transaction. Pablo's ability to interview, reason and figure out the smallest details makes every successful transaction a seamless process. Pablo is the right real estate professional to hire.
