Buyer's Resources
10 Things to Take the Trauma Out of Homebuying
6 Creative Ways to Afford a Home
7 Reasons to Own Your Own Home
10 Steps to Prepare for Home Ownership
10 Tips for First-Time Homebuyers
5 Common First-Time Homebuyer Mistakes
10 Questions to Ask the Condo Board
10 Questions to Ask Your Lender
Homeowners Insurance Information
Common Closing Costs for Buyers
What Not to Overlook on a Final Walk-Through
10 Questions to Ask a Home Inspector
What Your Home Inspection Should Cover

10 Tips for First-Time Homebuyers

1. Be picky, but don’t be unrealistic. There is no perfect home.

2. Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.

3. Get your finances in order. Review your credit report and be sure you have enough money to cover your downpayment and your closing costs.

4. Don’t wait to get a loan. Talk to a lender and get prequalified for a mortgage before you start looking.

5. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.

6. Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area?

7. Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you’ll buy as well as type of mortgage terms that suit you best.

8. Don’t let yourself be house poor. If you max yourself out to buy the biggest home you can afford, you’ll have no money left for maintenance or decoration or to save money for other financial goals.

9. Don’t be naïve. Insist on a home inspection and if possible get a warranty from the seller to cover defects within one year.

10. Get help. Consider hiring Alex Keyser as a buyer’s representative who's first duty will be to you.