Today, we’ll be discussing four valuable tips for first-time home buyers in the surrounding Silicon Valley area. Blanca Medellin, a real estate buying agent on our team, joins us to discuss important advice for first-time home buyers. If you’re looking to purchase a home this spring, this is especially relevant to you!
1. Save up for your down payment. In today’s conditions, most lenders require anywhere from 3% to 30% in a down payment. Be prepared to pay more than you initially anticipate.
2. Consider any home improvement or other expenses. The total cost is not only your mortgage payment, but utility, landscaping, maintenance, and other monthly bills.
3. Shop around for a mortgage. Find someone you’re comfortable with. Review your finances and share your goals to obtain a prequalification letter.
4. Get educated on the home buying process. Sit down with us for a one-on-one consultation, free of charge and obligation. We’ll walk you through every step and what you should expect. “Get Educated on the home buying process.” If you’re thinking about buying or selling a home in the area, give me a call or send me an email today. We look forward to hearing from you!