Top 10 List-First Time Homebuyer

As The Saying Goes

Most People Don’t Plan To Fail

They Smply Fail To Plan

1. Know your credit score…. plan ahead for this event. Improving your FICO score can save you thousands of dollars on your mortgage. Check with your Realtor® if you need a referral for a good lender to determine what your credit score is and to get a plan of action to better your score if needed.

2. Choose a lender that has experience and that you trust. There are many great first time homebuyer loans that are available with little or no money down, find out what is best for you.

3. Formally meet with a lender and get pre-approved verses just pre-qualified for a loan before you start looking. There is nothing worse than finding a home out of you price range. You will need to be pre-approved to strengthen your offer.

4. Work with a Realtor® that specializes in the area you are looking and that has experience, is trust worthy and that you enjoy working with. Remember you will be spending a lot of time with your Realtor®.

5. Discuss the different agencies available with your Realtor®. Buyers usually do not pay a commission which it is most often paid by the Seller. Be sure to clarify this with your Realtor® before making an offer.

6. Work with you Realtor® to determine what area is best for you. A Realtor® can help you with school information, proximity to parks, shopping, market stats, etc….

7. Be prepared….. you more that likely will not be able to find the “perfect” home, make a list of what your top priorities in a house are. You need to be realistic.

8. Determine how long you will be in the property….depending on how long you will be in a property may make a difference in what property is best to purchase. Discuss this with your Realtor®.

9. Ask your Lender and Accountant about the new $8,000 first time homebuyer credit (and in most cases, the buyer does not have to repay the tax credit). This will not last forever so check with your Lender.

10. Most of all make this one of the best experiences of your life by planning a head and taking the proper steps.

Buying your first home can be one of the greatest joys in life so make it a good one,

Leigh

Leigh Bramer

Coldwell Banker

Broker Associate

Direct: 720-291-1111

Leigh@BramerRealEstate.com

Go to www.BramerRealEstate.com to search for all available homes for sale in the Denver Metro Area.