What tips do you have for first-time homebuyers?

What tips do you have for first-time homebuyers?

Here are some essential tips: 1. Get pre-approved for a mortgage. 2. Research neighborhoods. 3. Don't skip the home inspection.

How much should I save for a down payment?

Typically, aim for 20% of the home's price, but some loans allow as little as 3%.

What are closing costs and how much should I expect to pay?

Closing costs usually range from 2% to 5% of the loan amount. They include fees for the loan, title insurance, and more.

Should I hire a real estate agent?

Yes, a real estate agent can provide valuable market insights, negotiate on your behalf, and guide you through the process.

What are some common mistakes to avoid?

Avoid rushing into a purchase, skipping inspections, and not budgeting for ongoing costs like maintenance and taxes.