But I have NO idea how to go about this. I really dont, what do I need to consider, what questions do I need to ask, who do I need? What should I know about the house?
2007-06-25 15:06:26 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
This may sound silly but how old are you? Do you have a secure job?. If you are over 18, but better yet 21 and you have a good job with few or no debts you could be a good candidate. The best thing that you can do is contact a local real estate company and start talking with a broker or agent. That would be much safe than disclosing personal information on the internet. The agent can look at all of your and tell you what steps you need to take. It may be much easier than you think.pp
2007-06-25 15:14:12 · answer #1 · answered by ttpawpaw 7 · 1⤊ 0⤋
I agree with Ms. Lady. Just one more thing in case you do not know. It doesn't cost you anything to have an agent working for you when you are a buyer. Even if an agent spends long time working for you and you do not buy a house after all, you still do not have to pay the agent.
Just call a real estate office in the area you want to live and they'll take care of you. Start with getting an agent, not with bank or mortgage broker.
2007-06-25 17:12:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would suggest calling a few Real Estate companies. Tell them that you are a first time homebuyer and that you are looking for an agent that will help you from beginning to end. A good agent who is sensitive to the needs of a first time homebuyer is exactly what you need. they will pre-qulify you by asking you simple questions about your income, credit and employment. from there they should be able to direct you to a lending institution. This is what a good buyers agent will do for you to get you going in the right direction. Good luck to you.
2007-06-25 16:23:53 · answer #3 · answered by Lady 2 · 0⤊ 0⤋
Go to wherever you wish to get financed from. Shop around for good rates and get pre-approved for a loan to know how much house you can buy. Then, find a real-estate agent and they will discuss your options with your budget and arrange a time to look at home that match what you are looking for.
All the busy paperwork, your lender and real estate agent can explain. They are great!
2007-06-25 15:15:57 · answer #4 · answered by Anonymous · 1⤊ 1⤋
Before you even start looking or really even before you pick a real estate agent, you should talk to a mortgage lender to see what kind of loan programs best meet your needs.
Finding out what you can afford is STEP 1
Once you find out the maximum price you can afford where your monthly payments are still comfortable for you to make, then you find yourself a REaltor w/ at least 3yrs. full time experience.
Then you start looking at homes within your price range, knowing that "yes, I could afford that home".
you DO NOT want to fall in love with a home you cannot possibly afford, that stinks, don't go there!
**** To get the best / lowest interest rate & the lowest amount in closing costs, you MUST got to a Direct Lender, one who FUNDS LOANS IN HOUSE, the mortgage "broker" is just a middleman, thus higher costs to you. (BAD). Talk to a larger bank or just ask the lender if they are a direct lender.
Feel free to email me should you have any futher questions thanks to Y!A's email link they provide its' users
2007-06-25 15:15:17 · answer #5 · answered by Miss Emily 3 · 2⤊ 1⤋
What Mar Mar said is correct. Here is a link that might help you further
HUD 100 questions and answers on buying a home
http://www.hud.gov/offices/hsg/sfh/buying/buyhm.cfm
Best of luck
2007-06-25 15:13:42 · answer #6 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋
Look for a real estate agent... they will further assist you.
2007-06-25 15:08:36 · answer #7 · answered by ┌┌┌ 3 · 1⤊ 0⤋