First Time Home Buyers Help

Know What's Within Your Budget

The most common home buyer mistakes are easy to avoid with a Realtor providing all the first time home buyers help you need!

There is a huge collection of real estate investing information out there, but watch out - you want someone looking out for your best interests - not theirs! Buying your first home is a major decision and needs to be entered into with eyes wide open.

First, ask yourself "why am I buying a home?"

There are financial advantages and some additional expenses that will result from transitioning from tenant to home owner. You definitely want to understand all the details ahead of time!

Second, don't let your emotions commit you to more debt than you should.

Part of the mortgage crisis is a result of unrealistic expectations that housing values would keep going up indefinitely. People took on more way more debt than was wise and they're paying that price now. Review this list of common home buyer mistakes and guide for first time home buyers help so your expectations are founded!

Understand The Buying Process
Before You Begin

The process starts with a budget and a needs vs. wants list.

Often times we want a champagne, but only have a beer budget. Identify the priorities for you and your family. It may start with schools and neighborhood and end with the swimming pool. In my opinion, your needs list should include possible events and activities over the next 3-5 years, or longer. Also include potential items that could affect the resale value when you do decide to move up.

1. Get a grip on your finances. How much home can you afford? Do you have a list of your expenses being paid against the income you bring in? What are expenses you can pay off so buying a home is comfortable?



2. Set realistic expectations and have sufficient real estate investing information available to reference. Have you factored financial changes into your budget? Have you set new spending limits? You may not be going out for expensive dinners for a while when you buy your first home. Of course, it's a worthwhile trade off, but you want to plan your adjustments now and live accordingly.



3. Think team instead of going it alone. You want to select an outstanding team that you can turn to for information and advice. A team tot help you avoid common home buyer mistakes and one focused on providing first time home buyers help.
   

   Two of the most important members will be your Realtor and your lender. Invest the time to meet, interview and get to know everyone on your team. A great team will be concerned about your long-term success, not just doing a deal.




4. Surfing the web to find your perfect home doesn't work. There are so many homes in the area for sale that it will only be confusing to use the web without the lists from above as a guide. Your team will be a tremendous help, saving you time, energy and frustration. There are so many confusing choices and confused people usually make the wrong decisions.

Take time now, before you start looking around, to make these lists. Write down what your budget looks like today and what it can look like tomorrow. What expenses disappear and which remain with a new home? After your budget is ready, do your needs versus wants list. Then you'll be armed with an arsenal of real estate investing information to help you make the best choice!

Then call me, Michael Mizuno, at 916-682-3163

I'll be glad to help you find your dream home, making sure it's affordable and comfortable to you and your family.