First Time Home Buyers

Purchasing a new home is very rewarding and is arguably one of the biggest accomplishments you’ll achieve in life. The truth of the matter is that the process of actually buying a house is incredibly difficult even for the most experienced real estate buyers. REI Carolinas is here to guide you in making the right decisions to ensure your journey to homeownership is successful.

Below you’ll find a list of provisions that can assist you in the homebuying process. Preparing yourself by taking these steps in advance will get you on your way to a smooth and successful home buying experience.

Check Your Finances

Take the appropriate steps to ensure you are able to meet the financial commitment of homeownership.  If you plan to buy a home in the not-so-distant future, here are a few essential steps you should take before you begin your home search:

• educate yourself on the home buying process via books, digital media or courses
• review your credit report with credit reporting agencies (Equifax, Experian, and TransUnion)
• make timely bill payments
• save, save, save

Get Pre-Approved

Obtaining pre-approval from a lender is an essential step the most first time home buyers don't consider.  This step will help you determine how much house you can afford and establish you as a serious buyer when submitting offers on homes. In many cases sellers won't accept offers unless you are pre-approved by a lender.  

Work With a Qualified Real Estate Agent

The home buying process can be incredibly complex for a first-time homebuyer. A qualified real estate agent will not only make your home search their top priority but they will also give you access to inventory that you may not find by browsing online. Your agent will help you navigate the home buying process with confidence and guide you seamlessly through the process.

Consider the Future

Once you move into your dream home, you will probably be there for some time. It’s vital that you consider where you’ll be in 5 to 10 years.  Will you start a family? Are you planning on relocating to another part of the country? Do you have a contingency plan if you need to relocate? You should answer all of these questions before beginning your home search, as that will determine the type of home that will fit your need.

At the end of the day, owning a home is the "American Dream".  Our experience in this real estate market will help you simplify any challenges you face in becoming a homeowner. Complete the form below to connect with an agent who can help you find the home of your dreams!