TIPS FOR FIRST-TIME HOMEBUYERS

Why finding a qualified real estate expert can help make the home-buying process more enjoyable. 

If you decided to buy your very first home, check out these tips to prepare for an important and exciting journey ahead.

Your budget


Saving up and deciding the budget is the smartest way to enter the home-buying process, especially as a first-time buyer unaccustomed to the extra costs associated with buying and moving. When the time comes
to submit an offer on a home, stick close to your budget. Any home you move into will have surprise costs such as maintenance and repairs.

Start the property search online


Use advanced online resources like www.remax.com.cy to jumpstart your home search. Combing through listings online allows you to see a wider range of properties – and rule out some before it is time to tour.
The “Favorite” feature on the RE/MAX website, for example, allows you to save properties all in one organized digital space.

Real estate agents study market history, such as recent data on the cost of similar homes, and can analyze this data for you. Armed with an understanding what market conditions were like in the past, you can make the right decision for your property for the present momentation.


Use a trusted RE/MAX real estate professional


When it is time to make one of the largest purchases of your lifetime, do not go through the process alone especially in today’s fast-paced, competitive market. Working with a full-time agent who has expertise in all facets of real estate can help make the experience more streamlined and less stressful. RE/MAX agents know the local market and have fine-tuned negotiation skills which makes them prepared to find the best fit for you and your family

Be ready to compromise


Remember that your first home will not necessarily be your last. Know that you may not find a home with all your dream features within your price point. Therefore, it is important to make a list of “wants vs. needs” to help guide your home-buying journey.

What features can you live with in the meantime until you can renovate? And what features are a deal breaker? When reflecting on these factors, consider what budget-friendly DIY projects you could complete upon move-in to help make some of those less-desired features work for you. It could be fixes as simple as a new coat of paint, resurfaced kitchen cabinets or new hardware.


Look at the whole picture


Remember to analyze each potential home holistically, considering location, accessibility, commute times and proximity to frequented places – in addition to the house itself.
Right now, homes are selling fast. This means it is wise to not get too attached to any home in the event of being outbid or losing the sale.


But don’t worry – your perfect first home is out there, and we will certainly help you to find it!





Source used: https://news.remax.com/milestone-move-timely-tips-for-first-time-homebuyers