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First-Time Home Buyer Tips & Advice

Are you thinking about buying your first home?

There’s a big checklist to go over when buying a home: school rankings, traffic patterns, noise level, Walk Score, crime rates. When you throw in competing buyers, possible multiple offers and lender requirements, the process can be overwhelming. But there’s no reason to go it alone.

When you buy, you buy more than a house. You buy a lifestyle. Backyards. Pets. Great neighbors. Block parties. Community. A sense of belonging. The list goes on and on.

It’s simple: living on a street with other homeowners is different – and often better – than moving again and again. It’s more lasting. More solid. More secure.

Where do you want to live?

In a place you own, or in a place owned by someone else? That’s where I come in. As your local agent, I’m here to help you every step of the way. Whether you've just started thinking about buying a home or have already decided to take the leap, give me a call. Let’s see what’s possible. 

First -Time Home Buyers Guide - Homes by Haris

  • Keep an eye on your credit score
    The interest rate of your mortgage matters a great deal. Even a fraction of a percentage can add (or subtract) thousands of dollars over the life of a 30-year loan. One thing that can influence your interest rate is your credit score – it’s just one way for the lender to determine how likely you are to repay the loan. Well before you begin browsing properties online, take steps to get your credit score in the strongest possible position. Review your credit report and report errors immediately. Make on-time payments and put off opening new credit accounts until after the mortgage is finalized.
  • Play to your strengths
    When you find the right house, you may not be the only one making an offer on the property. That can be intimidating. But keep in mind it’s not always about coming in with the highest dollar amount. Buyers have different motivations to sell. Some may be in a situation where they want to close and move out as soon as possible. They’ll be less likely to work with buyers who have their own houses to sell, making first-time buyers more attractive candidates.

  • What do you want?
    Do you realize that renting prepares you for buying? It helps you figure out what you want. With every move, you discover things: the neighborhoods you like, the sorts of kitchens you prefer, and the fact that popcorn ceilings drive you crazy. You’re in a great position to buy. You know what you want, what you don’t want, and what you’d love to have. 

Buying a house is a big step, and in the heat of a seller’s market, it takes extra patience and perseverance. Moving day may arrive sooner than you expected.

Should you buy a home now or wait? 

Should I buy a home now ?

Map out the financial differences between renting and homeownership. This calculator will show you not only the difference in payments, but also the total cost of each option. Rent vs. Buy Mortgage Calculator by Freddie Mac.  

Related from Homes By Haris

First Time Home Buyer Guide from around the web. 

Real Estate Tips on Homes By Haris.

Are you looking to buy a home in Chicago, Chicago North Shore & Chicago Northwest suburbs? Call, text or email Haris! 848-878-2588