First-Time Homebuyer

First-Time Homebuyer

Thinking About Buying Your First Home?

Buying a home is no small task. Besides being the largest financial transaction, you may ever undertake, it is also the most complex. There are many good reasons to work with a qualified Real Estate Agent.

The buyer's agent you choose should be enthusiastic about working with you and should be an expert when it comes to the area and type of home you are interested in. Select an agent who understands your needs and one with whom you can build a partnership. Eaddy Realty provides specialists in various fields and each agent offers a high-level of expertise.

Will you have to pay for a buyer's agent? Not usually. In most cases, the buyer's agent shares the sales commission with the seller's agent, and you do not pay any commission. To be sure, pay close attention to the Buyer Agency Agreement you sign with the real estate agent you select.

The Purchase Process

How can you determine your budget?

Talk to a reputable and responsive lender to identify your budget so that you can be prepared to act quickly once you find your dream home. Take into consideration additional expenses such as taxes, insurance, utilities, condo or HOA fees when creating your monthly budget. Remember, do not make any substantial purchases (cars, etc.) while you are in the loan process. Purchases such as these can affect your loan qualification dramatically. Click here to find out how to choose a qualified mortgage advisor.

Identify what you want in a home.

Do some research online to see if you can identify what you like. Think about your lifestyle and identify which factors will influence you:

  • Type of home
  • Type of community
  • Number of bedrooms & bathrooms
  • Parking
  • Schools
  • Commute time

Are You Ready to Find Your Dream Home

Click the button below to find out about the buying process

Do I need a RealtorĀ® as I start to search for my first home?

That's a good question many people have. It seems like you could just find a home for sale that you'd like to see and go take a look. However, the process is actually pretty complicated, and for some first time homebuyers, even overwhelming.

Here are a few reasons you can depend on Eaddy Realty to guide you through your first home purchase:

  • Your Realtor is your advocate. Your Realtor knows the market and a good price, and will negotiate the price and guide you through what seems like a mountain of paperwork.
  • Your Realtor has a network of people you'll need. Inspectors, attorneys, home repair specialists, mortgage brokers, insurance agents and others will each factor into your first home purchase. With a Realtor, you don't have to find all those resources on your own.
  • Your Realtor knows the area. He or she is familiar with neighborhoods, communities, schools, commutes and area growth plans, and can advise you on places you might want to live.
  • Your relationship with your Realtor doesn't end at closing. You will most likely have questions about taxes, home improvements and more. Your Realtor values your relationship and will be there to guide you.
  • Your Realtor also knows about new construction purchases. Download this PDF on why you need a Realtor for this type of transaction.