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Three tips for First Time Home Buyers September 15, 2017

Posted on September 15, 2017 by Mike Shore

Whether you?re tired of renting, need more space or want to make an upgrade, buying your first home is the solution. However, if you have never participated in the market before it can be a bit daunting at first. Let?s explore a few useful tips that are helpful for first-time home buyers who are new to the process of buying real estate

Tip #1: Begin With The End In Mind

Before you start exploring local home listings and shopping around, it?s worth asking yourself both what you ?need? in a home and what you ?want? in a home. For example, are you single or married? If you are married or are likely to be in the near future, are you planning on having a family? Will you need space for pets? What area of the city is most convenient for your commute? And so on. If you start by knowing exactly what you need, it will be that much easier to narrow down your options.

Tip #2: The Market Determines The Value Of A House

The second tip to keep in mind is that your local real estate market is what determines how much a home is worth. What you can afford has nothing to do with a home?s value, nor does your opinion of its current condition. In some cities, homes will sell with the intention of being torn down after the purchase completes.

Tip #3: Go Low, Start Slow

Finally, when you?re ready to make an offer, it should be one that is as low as possible without insulting the homeowner. Buying a house is not like buying groceries or clothing. The price isn?t fixed and is certainly going to be open to negotiation. Conversely, you shouldn?t be surprised if and when the seller makes a counteroffer against yours. The more you?re prepared for a lengthy back-and-forth to hammer out a final price, the more likely you are to be successful.

When you?re ready to be a first time home buyer, contact me and I will be happy to help.

3 Useful Tips for First-time Homebuyers Trying to Navigate the System

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2015-10-19T16:59:11-06:00
My wife and I used Mike Shore to secure our new mortgage on a recent home purchase. Mike made the process easy and painless. He was extremely helpful and a joy to work with. He provided a wide range of financing options and let us choose the mortgage that was right for us. I would recommend using Mike for all your mortgage loan needs. Richard Dugger - Lava Hot Springs, Idaho
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My experience with Mike and Advantage Plus Credit Union has been the BEST mortgage I have ever done in my entire life.? And believe me, I've done more than my share.... they were fast, as in a response in 24 hours, extremely efficient and no non-sense.? An honest 10.? Thanks.? I will definitely be calling you again in the future.

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2017-01-03T11:40:27-07:00
My experience with Mike and Advantage Plus Credit Union has been the BEST mortgage I have ever done in my entire life.? And believe me, I've done more than my share.... they were fast, as in a response in 24 hours, extremely efficient and no non-sense.? An honest 10.? Thanks.? I will definitely be calling you again in the future. Allan Millet, Driggs, Idaho
https://mikeshoremortgage.com/testimonials/allan-millet/
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