First-Time Home Buyers

If you are a first-time home buyer, use the guide below for helpful hints and tips and learn how to avoid common errors when buying your first home in Palm Beach County, FL.

  • Pre-Qualification: Meet with a mortgage broker and find out how much you can afford to pay for a home.  Ask one of our agents for a reputable broker.
  • Pre-Approval: This next step is considered vital in the real estate world of today.  Sellers will not be interested in your offer until you show proof that you can buy the house.  A mortgage pre-approval, or if paying cash, proof of funds is necessary.
  • List of Needs & Wants: Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes - things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for the most important things.
  • Focus & Organization: In a convenient location, keep handy the items that will assist you in maximizing your home search efforts. Such items may include:
    1. One or more detailed maps with your areas of interest highlighted.
    2. A list or file of the properties that your agent has shown to you.
    3. Paper and pen for taking notes as you search.
    4. A camera to snap pictures of homes you have toured to help you remember your favories and features you really liked.
  • Visualize the house empty & with your decor: Are the rooms laid out to fit your needs? Is there enough light?
  • Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? New properties always come on the market, so don't make a hurried decision that you may regret later.
  • Be Thorough: A few extra dollars well spent now may save you big expenses in the long run. Don't forget such essentials as:
    1. Include inspection & mortgage contingencies in your written offer.
    2. Have the property inspected by a professional inspector.
    3. Request a walk-through inspection to take place within 24 hours of closing.
    4. You want to check to see that no changes have been made that were not agreed on (i.e., a nice chandelier that you assumed came with the sale having been replaced by a cheap ceiling light).

All the above may seem rather overwhelming. That is why having a professional agent with you and keep track of all the details for you is highly recommended. Please contact us directly to discuss any of these matters in further detail.