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CNN released an article about how more than 85% of renters want to buy a home but can't. Many things get in the way of buying a house and we don't want first-time buyers to get discouraged.
Interest rates and housing costs can be intimidating, but with the right approach, buying a home becomes easier. If you start looking and need info, a few tips can help.
In this article, we'll look at:
- Buying a house with an agent
- Financial matters
- Researching prospective communities
If you're nervous about making an offer, keep reading to discover the most effective home-buying tips!
Select an Agent
According to the National Association of Realtors, nearly 90% of homebuyers buy properties through an agent. There's a reason why most people get help from real estate agents, and it goes much further than paperwork.
Real estate agents know how to reach a deal with minimal obstacles. With housing uncertainties, you don't want to be caught blindsided by a new policy or interest rate.
Here are a few tips to find the best agent in Northern Jersey:
- Attend open houses
- Make online inquiries
- Consider agent experience & personality
- Ask for referrals
With the right agent, first-time home buyers can find the ideal property. You might be buying your first home, but that doesn't mean it can't be your last!
Get Financially Prepared
The only way to buy a home is with the funds and credit for the property. Mortgage info is new for a first-time buyer, but you can get help from an agent to find an affordable home.
A good place to begin is with prequalification. It only takes a few minutes, but you must supply info about your finances. Once you get pre-approved, you'll have a better idea of your budget.
Spend a moment learning more about NJ market trends. Understanding the current market can help you get the best deal for what your family is searching for.
Start Saving for Your Real Estate Purchase
Talking to our North Jersey agents will ensure you know the best home value for your budget. You won't have to pay it all up-front, but you must still consider agent fees and a down payment.
Articles with home-buying tips often emphasize other factors. Overlooking financial preparation, however, can delay your purchase when you least expect it. PMI Prime Property can connect you with financial resources around Bergen, Essex, and Morris.
Research the Areas You're Considering
Knowing where you want to reside is essential so you can do your research ahead of time. You don't want to invest in a home, only to discover it's a bad community or too isolated.
Driving around neighborhoods can help you get a sense of the atmosphere. You can quickly identify if a community is a good fit by observing the residents and local amenities.
Let These Home-Buying Tips Take You Home
With help from these home-buying tips and Prime Property resources, you can quickly move into your new home.
You can confidently make your first home purchase and move with ease, even in a populated area like Northern Jersey. Knowing about the area and saving money will prevent you from missing out on suitable homes.
Take a look at our homes for sale if you want to begin your real estate journey!
