Kansas resident Dan Madrigal has more than 20 years of experience as a Realtor. As part of Madrigal Team Gold, Dan Madrigal assists buyers through the process of purchasing a home, from getting the pre-approval letter to the closing.
For first-time buyers, purchasing a home can be overwhelming. Several steps can make the process easier.
Beyond paying off debts and cleaning up credit, first-time buyers can do a lot in terms of getting information. For one, they can research information regarding financing a home. Many states have first-time buyer programs that will assist them with financing a home. If going the traditional route, homeowners should consider financing their home through a conventional or FHA loan. With conventional loans, prospective buyers only need have as little as 3 percent for a down payment, and FHA loans require as little as 3.5 percent down.
First-time homebuyers should consider whether they want a new or used home, with each offering benefits. Prospective homeowners should also consider what their needs and wants are when determining house size and features. Community is also another important factor, including elements such as parks and schools.
Finally, buyers should do their research when looking for a Realtor and visiting properties. They also should spend a lot of time going to open houses. Open houses provide buyers with the chance to see what is available and at what costs while measuring this against their current needs.
For first-time buyers, purchasing a home can be overwhelming. Several steps can make the process easier.
Beyond paying off debts and cleaning up credit, first-time buyers can do a lot in terms of getting information. For one, they can research information regarding financing a home. Many states have first-time buyer programs that will assist them with financing a home. If going the traditional route, homeowners should consider financing their home through a conventional or FHA loan. With conventional loans, prospective buyers only need have as little as 3 percent for a down payment, and FHA loans require as little as 3.5 percent down.
First-time homebuyers should consider whether they want a new or used home, with each offering benefits. Prospective homeowners should also consider what their needs and wants are when determining house size and features. Community is also another important factor, including elements such as parks and schools.
Finally, buyers should do their research when looking for a Realtor and visiting properties. They also should spend a lot of time going to open houses. Open houses provide buyers with the chance to see what is available and at what costs while measuring this against their current needs.
