This post has been sponsored by National Association of Realtors®. All thoughts and opinions are my own.
It’s been almost ten years since we bought our first home. I fell in love with it for so many reasons, and over the last year I’ve fallen out of love with it for so many reasons. Oh the things I would have done differently when buying our first home. Now that I’m toying with the idea of selling, I’m thinking about all those things I wish I’d known when I was a first time home buyer, and thankfully I know them this time around.
Things Every First Time Home Buyer Should Remember
Agree on a Budget, Really Agree
When you are buying a home with someone, you have to agree on a budget. I don’t mean in the “sure honey whatever you want” kind of agreement. Sadly, that’s the response my husband gave me when we bought our first home, and I should have been more aware. You REALLY need to agree on the amount you are willing to spend on a down-payment, what you can afford for payments each month, and overall the maximum you are willing to spend on a house.
Be Open to Change
Make a list of things you are looking for in your first home, but be open to change. As you get into house hunting, you might see layouts you love more than you thought, location may or may not matter as much, you didn’t want a pool but found one with a view that you love. Some of those little perks you were hoping for may not all come together in one home, but if you are open to change, you can celebrate finding the home you will fall in love with.
See the Big Picture
When you are looking at houses, take the blinders off and see the big picture. The size of the yard may not matter now, but it might in 3 years when you start having a family. There are only two bedrooms and you need three, but maybe the basement could be turned into one? Much like you should judge a book by its cover, you should judge a house by the way you see it at that very moment.
Use a Realtor
Gain an advantage in the homebuying process and use a Realtor®. Homebuying is a long, chess-like competition that requires the expertise and maneuverability that only a Realtor® can provide. Our first home was unique in that we were renting for a few months when the owner decided to sell. We got offered the home first and we bought it. This time around, I’m definitely using a Realtor® and it’s easy to find one through The National Association of Realtors®. There are over 1.1 million commercial and residential members nationwide that are registered on NAR, and they are broken out into 1,300 regional, state-level, and territorial boards for easy searching.
Why do I think using a realtor is important? First of all, other than knowing what I want and need in a home, I know nothing about the home buying or selling process. Realtors® also have connections to contractors, bankers, and lawyers that can assist. Another big reason for going with a Realtor® is time. They know which houses know more about homes for sale than the information found online and they do all the research and work for you – that’s part of their job! 😉
Another part of a Realtors® job is being knowledgeable about the area. Which school districts are good or not, what areas are zoned to allow for making your dream home big enough to fit your needs, and even what construction may be coming up in certain areas. I think the main reasons to have a Realtor® in your corner during the homebuying process, is because they are experienced negotiators who know when to push, and where to pull back so you get the best deal in the sale. Realtors® know what works and what to do to help you win the sale on your first home.
I hope my “Things Every First Time Home Buyer Should Remember” will help you on the journey to buying your first home. When looking for a Realtor®, check out The National Association of Realtors® (NAR) where you will find individual realtors abiding by the associations highest standard of ethics. abiding by the association’s highest standard of ethics for efficient, effective real estate practices.
Find a Realtor® in your area with Realtor.com/GetRealtor and make the process smoother and more rewarding for you!
The title “REALTOR” is trademarked to the association and an individual must be a member of NAR to be considered REALTORS®