Help For First Time Buyers
Buying a home is a huge financial commitment but it doesn't need to be a scary experience for first-time home buyers. Your Coldwell Banker professionals recommend these steps to help make the your first home-buying process easier.
Watch "Buying your first home" video
- Make a list of your needs versus your wants before beginning your home search.
- Contact a mortgage counselor. A pre-approval letter in hand gives a buyer strength in negotiating, particularly in highly competitive markets. A pre-approval is a letter from a lender approving you for a mortgage of a certain amount within a given timeframe, based on your income, assets, debts, and credit history.
- Browse through Utah real estate for sale on UtahHomes.com. This will give you an overview of the prices and types of homes available.
- Visit open houses. Looking won't cost you any money but it might give you ideas for things you'd like in your own home but haven't considered.
- Investigate the neighborhood and be an informed buyer. Research local schools, communities, crime statistics, and possible neighborhood restrictions. Your Coldwell Banker sales associate can aid you in finding information about a particular neighborhood.
- Start saving money. You'll need cash for a down payment and closing costs.
- Don't incur any new debt. Pay down your existing credit cards and don't apply for any new ones. Wait to make large credit purchases such as cars or furniture.
- Insist on a home inspection. This investment could save you a lot of headache down the road. Attend the home inspection and ask questions.
- Ask your sales associate about the Coldwell Banker Home Protection Plan. It will reduce headaches as well as save you money.
- Get help with coordinating the details. Your Coldwell Banker sales associate can assist you with every detail from finding that perfect home through closing. Contact us and we'll show you what Truly Remarkable Service means.
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