5 Super Strategies for First Time Home Buyers

5 Super Strategies for First Time Home Buyers
By: Bea Newhall

Are you a First Time Home Buyer?

No matter where you live, there will always be "First Time Home Buyers", whether you move from another location, just got married, or are single and just starting out on your own. My tips booklet, "31 Super Strategies for Home Buyers & Home Sellers" is just the tip of the iceberg. Listed below are 5 new Super Strategies to help both First Time Buyers and the buyers' agent.

1. Educate yourself

When you know what is going to happen, you are less afraid.
Have each step of the process explained to so you can be more confident and it will be easier to work with your selling agent and other resources.

2. Have your agent give you copies of all documents

Get blanks of the purchase agreement and any other documents you may be signing during the time of this transaction. There will be less of a shock when you see the completed final documents.

3. Have your agent create a TimeLine calendar

From beginning to end, the calendar should show what will happen and when it will happen. Contingency removal, Close of Escrow and Move-In dates are part of this process.

4. Get your agent to explain about Closing Costs

You can never learn enough. Know that Closing Costs are in addition to the Down Payment. This can be as much as 2-4 % of the sales price. Keep all surprises to a minimum.

5. Move in date is after Close of Escrow
First Time Buyers are always anxious to get into their new home. Know that you may not move in for up to 3 or more days after escrow closes. That gives sellers time to leave and for the First Time buyers to prep their new home.

Be educated first. Education is key to creating a stress free transaction for everyone!