Necessary Advice For First Time Home Buyers

Many contradictory emotions can explain the feelings of a first-time home buyer. Scared of losing money, excited to get a 'good deal,' and confused about what they are looking for. Guidance is a very helpful tool for buyers trying to beat the November 30th closing deadline to qualify for the federal first-time home buyer tax credit. There are 3 false assumptions you must know.
1. "The Housing Market Is Slow."
News everywhere is telling us that homes are not selling, but that isn't true for many entry-level markets. Knowing the environment you are competing in is key. Many people are taking advantage of under priced homes. Take a look at your opportunities, there are plenty out there, but remember that a good deal won't stay long.
2. "I Need To See All The Options."
Inventory is deep these days with everyone selling homes. The truth is that your Realtor will give you all the data and tools you need to be a successful home buyer by giving you a firm grasp on the market. Buyers must realize that interest rates are at an all time low, they have no where to go but up, which means the longer you wait the less money you will save.
3."I've Found A Bargain!"
Affordability is at record levels, but many buyers need help putting price into perspective. There can be homes at a portion of the market average, but keep mindful of homes that may need a lot of repairs driving the cost up.
Your Realtor has the data and skills needed to help you be successful. Taking the guidance and tools from your Realtor will help you save time, and money in the end.