First Time Home Buyer Process
A Must Read For First Time Homebuyer.
First time homebuyer, know the process for home buying a Developer project House and Lot.
The infographics below shows the Step-By-Step process in home buying process. This would most probably be your biggest investment. Take the time to study your desire and financial capability.
Buying a home as a first time homebuyer could be a scary ordeal. But, it needed not be. The infographic above aims to guide, simplify, and to remove the guesswork in the home buying process.
Buying Your First Home For the First Time Homebuyer:
- Determine Your Readiness – as a first time homebuyer, buying your first home can be either scary, exciting or both. Keep in mind that this is a long term commitment.
- Determine Your budget – the rule of thumb is to shell out maximum of 30% of your monthly Family take home pay. This is the basis of Bank, also in order not to sacrifice your lifestyle.
- Find A Good Real Estate Agent – this may be the most overlook part of the home buying process. But, this is one of the most important element. It will save you a lot of headache and heartache.
- Select a Property – because you have a lot of choices, the rule of thumb is determining your needs, wants, and budget for buying a home while looking on the long term.
- Sign Reservation Agreement – the final step in order to secure your unit and location.
This is meant to be an overview an a simplistic guide. For specifics to address your situation, needs, wants, and budget, your Real Estate Agent will be the best person to do this.