The current state of the housing market is in the cellar. It is a buyer\’s market for the first time home buyer who has no house to sell as homes are cheaper than they have been in decades. You can pick up a home for much less than it would be in a good economy.

Many people are intimidated at the mere thought of buying their first home. Since you haven\’t gone through the labyrinthine process of home buying before, you have no idea what to expect. It seems that applying for a loan and putting in an offer on a home is a terribly complicated undertaking. Chill, it\’s not all that bad.

The first thing you must do in your home buying adventure is to get your hands on a good realtor. This person can guide you through the maze and set your soul at rest, at least somewhat. You can also have a much better chance of finding the house you want at the right price. Your realtor has quick and easy access to all the homes for sale in the areas you are looking to buy. This not only allows you to look at homes you probably would be unable to find on your own, it saves a whole lot of time too.

Another thing you should do when considering purchasing your first home is to get prequalified for a home loan. You do this by talking to your bank and discussing with them what you need to do to secure a loan through them. You must also research other mortgage sources and the rates they are offering. You are under no obligation to secure a loan from the bank in which you normally do business.

Having a professional inspect a house before you buy it is a must. Have an inspection done on the house you are looking to buy, as well. It will save you from buying a money pit with a crumbling foundation or plumbing problems. Sometimes a house may look absolutely perfect at first glance, but a close inspection can reveal a whole host of issues.

Normally your realtor can put you on to a good, reliable inspector as they deal with this all the time. Also, a good inspector has a pretty good idea of which homes in the area you are looking have serious problems and which ones do not. Your realtor is also instrumental in leading you through the offer process. When you finally do find that dream home, your realtor will help you close the deal and you can get onto the really fun stuff, like signing two ream\’s worth of paperwork.

Do not let first time home buying intimidate you. Get started on the right path and home buying becomes a structured process. Buying your first home doesn\’t have to be a stressful ordeal. Get yourself a reputable knowledgeable realtor. Then enjoy your time looking at all those neat unoccupied houses just waiting for someone like you to move in. Look at as many as you wish and there are a whole lot out there for sale at bottom dollar right now. Don\’t to pay any attention to anyone who chooses to pressure you to buy now. You have the luxury of time. Some realtors have connections to home builders who want to build you your first home to your specifications. It is a buyers market in a down economy. Take advantage of that now before the economy heats up.

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Author Bio: If you happened to have enjoyed the preceding article, it is possible to go and check out other similar items at Weiss Homes or this Weiss Homes Site.

Category: Real Estate
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