First Time Home Buyers–what to consider–in Goose Creek, Summerville, SC


The challenge of buying a home for the first time can seem so daunting that it’s tempting to either just go with the first place in your price range or continue to rent. To help you demystify the process and get the most out of the purchase, we’ll examine what you’ll need to consider before you buy, what you can expect from the buying process itself, and some handy tips to make life easier after you purchase your first home.

First Time Home Buyers

Considerations Before You Buy

1.What type of home best suits your needs?

2. What specific features will your ideal home have?

3. How much mortgage do you qualify for?

Make sure to get pre-approved for a loan before placing an offer on a home: In many instances, sellers will not even entertain an offer that’s not accompanied with a mortgage pre-approval. You do this basically by applying for a mortgage and completing the necessary paperwork. It is beneficial to shop around for a lender and to compare interest rates and fees using a tool like a mortgage calculator or Google.

4. How much home can you actually afford?

The monthly payment is also important, along with how much down payment you can afford, how high the property taxes are in your chosen neighborhood, how much homeowners’ insurance will cost, how much you anticipate spending to maintain or improve the house, and how much your closing costs will be.

5. Do you have serious savings?

6. Who will help you find a home and guide you through the purchase?

real estate agent will help you locate homes that meet your needs and are in your price range, then meet with you to view those homes

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