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seller fiancing a home - is it your best option?

Are you thinking about selling your home? Has someone approached you about seller financing the home? Is this an option that you need to know more about? Working with a real estate agent can help you avoid costly mistakes when selling your home. He or she can help you learn about seller financing and determine if it would be a good option for you to consider. My real estate agent helped me sell my home to a wonderful family that didn't have credit that was established enough to take out a traditional mortgage. Visit my site to find out what we looked for to determine if this was a wise decision for us to make.


seller fiancing a home - is it your best option?

3 Tips For First Time Home Buyers

by Dan Vasquez

The decision to begin looking for real estate for sale can be an exciting, yet overwhelming experience, especially if you are a first time home buyer. While searching for the perfect property is important, it is also important to be prepared and learn some basic facts about buying real estate. The following tips will help guide you through the initial steps necessary to begin searching for your dream house.

Pre-Approved Loans

Before you begin scouring the internet in search of real estate for sale, first time home buyers should consider getting a pre-approved commitment letter from a lender. By getting pre-approved, not only will you have a better idea of how much you can afford to spend, but it also makes it easier for your real estate agent to only find and show you homes that are in your budget. There are several types of home mortgage loans to choose from, so be sure to research your options.

Find the Perfect Real Estate Agent

One of the most effective ways to ensure you find the best homes for sale is by working with a real estate agent. When searching for a real estate agent it is important to find someone that is knowledgeable of the area where you are interested in buying as well as someone you are comfortable working with. Not only will a good real estate agent  be able to guide you through the process of finding a home in the neighborhood you prefer, but also be able to provide you with important details, such as home owner's association fees and local taxes.

Finding Your Dream House

Once you have determined how much you can afford to spend and what neighborhood you prefer to buy a home in, the next step is viewing the real estate for sale. You should create a list of the features you want in the home, such as how many bedrooms and bathrooms, whether you want a basement or not and what you are willing to compromise on. When viewing the homes, take your time, walk through each room and try to imagine your family living there. If you have any questions or concerns, address them with your real estate agent before leaving the property.

Although the initial steps of being a first time home buyer require careful planning and organization, it will make the process of owning your home go much smoother. Remember to plan your finances accordingly be prepared for unexpected expenses. There are hundreds of options to choose from when it comes to buying your first home, so keep in mind that you don't have to take the first home you tour. It's also a good idea to drive by the houses you are considering during various times, including night time hours to make sure the area you are considering is as appealing during the nighttime as it is during the daytime.