Real Estate

A simple guide to buying property for sale for first time homeowners

The search for the ideal property for sale begins with a price range and a list of preferred neighborhoods. Before you start looking for a home, find out your current family budget so you can analyze your financial situation and your ability to meet your mortgage debt. Ask your peers if they can suggest professionals, such as an inspector or attorney, who can help you through the new home buying process. Consider your lifestyle and how it might influence your decisions when it comes to your new home and neighborhood.

Once you have done some planning, you are ready to search for the ideal property for sale. Call a real estate agent in your preferred area and ask to be put on their mailing lists to find out when homes will be available for sale. Once you have reviewed several properties, make an offer. Take note of how long the house has been on the market and if there is anything that needs to be fixed/added. Next, select your mortgage either by searching on your own, asking lenders directly, or online. You can also ask a mortgage broker for help. Schedule a survey to find out if the house is worth the sale price before the lender approves the loan.

Before signing any contract to buy the property for sale, always negotiate the offer. An agent can provide you with an appropriate price range and help you manage your expectations. Do a home inspection both during the day and at night, so you can better assess what it will be like to live in that house at different times.