Ready to find your dream home in the greater Tampa area? Welcome to the exciting process of buying a home! But, let's be realistic.....it can also be a daunting process, especially if you are a first time home buyer. To help allieviate some stress, follow these helpful home buying tips!


Tip #1: Get Your Finances in Order FIRST!

Even before you begin searching for your new home, you should have your financing all figured out. Make sure you have a good credit score and get preapproval for a mortgage. By doing this first, you will know the appropriate range that you can afford and will avoid falling in love with a home that is just out of your budget.

 

Tip #2: Do Your Research and Understand Your Loan Options.

It is important that you understand all the loan options available to you. Don't know the difference between a 15 or 30 year mortgage or what it means to be fixed rate? Check out our Finance Information for help with this step of the process. There are many programs out there that can help assist you in affording a new home. Check out potential down payment assistance options. If you have bad credit, research options that are still available to you, such as FHA loans. The more informed you are, the better off you will be when it comes to managing this major financial decision.

 

Tip #3: Know Your Current and Future Must Haves

No house will be absolutely perfect for you unless you build it from the ground up yourself. Be sure to prioritize the must haves for your home as you proceed on your search. It is important to be aware of your current needs as well as those you will encounter in the future. It is always best to have room to grow. Also, consider the resale value of the home and the neighborhood it is in for when you do decide to move someday.

Tip #4: Get a Home Inspection.

Never skip out on the home inspection. This is a vital step in the process. It helps protect your interests by ensuring that there are no underlying issues with the home. The last thing you want is to move in only to discover that the home has major, costly problems that require immediate fixing.

 

Tip #5: Be Open to Negotiation.

Do not think that you will lose out on your dream home if you do not offer the asking price. Although this is always a risk, especially in highly competitive markets, you can make sellers more open to negotiate with you by having your finances in order. Already being preapproved for a loan, having good credit, and/or being ready with the down payment shows that you are serious and that they do not need to stress that the deal might fall through. Also, be ready to negotiate in case anything is discovered during the home inspection.

Tip #6: Work With a Realtor.

Although the internet might make it seem like home buying can be done completely on your own now, it really is to your benefit to work with an Experienced Realtor. There is just no replacing the sort of expertise that a real estate professional can provide. By understanding the local market and trends, knowing what to look for, having negotiation experience, and more, a realtor can help keep your best interests at the forefront and help make the home buying process as smooth as possible.


Ready to Buy  your dream home in the Tampa area? Give The Sper Group a call today or visit our website at http://www.thespergroup.com/.