Tips for First Time Home Buyers

Buying a home in Wenatchee for the first time may be a big step but one well worth the investment. No matter what stage of your life you may be in, it's usually always a good idea to buy a home. Now is a great time for first time home buyers because the market is flooded with below market homes and the rates for home loans are still very low.

First thing you want to do is get a good idea of your financial situation. You want to know where you stand before finding it out in front of a lender. Get a copy of your credit report and know your finances ahead of time. Once you feel you know your budget, income and debt load, sit down with a lender and discuss your options on a home loan. There are literally hundreds of options when it comes to finding the right home loan for your situation. Each one is taylored a little differently and may have better rates or fees for your situation.

Finding the right loan can be tricky because there are so many ways to get a loan. You can go through a bank, credit union or mortgage broker. Each has pros and cons but each can offer you rates and choices to make the best decision.

Once you have an idea of how much home you can afford get in touch with an agent that knows what you want. You don't have to pay an agent anything to help you buy a home. This is one of the hidden things not many homebuyers know. A buyers agent that works solely for the buyer gets paid from the seller of whatever home you choose. They don't have a hidden agenda or should try and sell you a particular home. They have your best interest at heart and only want what you want. It really is a no-brainer when it comes to using a buyers agent. We are experts in the Wenatchee real estate area and help many first time home buyers find and buy their perfect home.

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How Much is My Mortgage? Buyers Agent

Once you have your budget, know what you want in a house, it's time to loo
k. You can start here for all the updated homes in the entire Wenatchee area. There are numerous ways to search either by our map or advanced search; realty watcher which allows you to enter your search criteria and let the system do the work for you. You will receive emails when homes matching your criteria are listed on the market. Or you can contact us and let us do all the searching for you. Its a good idea to drive by homes first if you can and check them out then ask for a further showing if the neighborhood is something you are looking into.

After you have chosen the home, you will want to submit an offer. As your buyers agent we do all this for you. We negotiate all the terms and pricing for you on your behalf and help you agree on a contract both buyer and seller can be satisfied with. As a home buyer you will need to get home owners insurance before closing and have the home inspected by a professional inspector.

We would love to help you through the entire process and get you into your first home. Please contact us anytime for news, current market stats, listings or anything Wenatchee real estate related.

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