Tara Barber - Broker
618-410-3840 cell
[email protected]

First Time Home Buyers

1. Get Pre-Qualified or Pre-Approved

 Meet with a Lender for Pre-Qualification and find out how much you can afford to pay for a home.

While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You'll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you're interested in is at or under the amount you are pre-qualified for, the seller knows  that you are a serious buyer for that property.

2. Needs & Wishes for your new home

Make two lists. The first should include items you must have: How many bedrooms, a one-story home vs two-story home, 2 car garage vs 1 car garage and etc. The second list is your wishes, things you would like to have fenced yard, pool, finished basement and etc. but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, this will help you decide which features you would be willing to give up if you find the otherwise perfect home.

3. Begin Looking at New Homes

Once we organize a list of homes to see, we will schedule appts. When viewing homes, look at them thoroughly: does this home fit your needs, does the floor plan work and etc. Can you see your family living in the home?

Take notes at each property and write down your likes and dislikes of each home and decide if you are interested in a second look. Some buyers chose to bring a camera and take photos as well to help remember each home.

4. Making an Offer

Once you decide on the home you want to buy we will meet and write an offer. I will guide you through this procees. I will pull comparable properties to help you arrive at an offer that you are comfortable with. I will negotiate the contract on your behalf.

5. Once your offer is accepted

Earnest Money will be deposited

Have inspections done by Professionals, negotiate repairs if necessary

Obtain Homeowners Insurance

Contact Utility Companies to Transfer (Water, Sewer, Power, Gas & etc)

Schedule a Final Walkthrough Before Closing (to ensure no changes were made to the home that were not agreed on)

All the above may seem rather overwhelming. That is why having a professional represent you and keep track of all the details for you is highly recommended. Please email me or call me directly for any questions.