Tampa First Time Home Buyers – Tips for a Smooth House Purchase

Making the decision to buy your own home can be one of the most stressful but rewarding choices of all. If you’re a first time buyer, the entire process can seem very intimidating. A few common sense tips can help you ease your way through it much easier.

 

First off, go visit your local library and borrow a few books on basic real estate principals. Make a sincere attempt at learning the jargon associated with the real estate process, so once you’re sitting in a meeting with a seller, a real estate agent and a bank officer, you’ll have a better idea of what everyone is talking about.

 

Second, know what the difference is between “pre-qualified not pre-approved”, “pre-qualified” and “pre-approved”. Sound confusing? It can be. It all relates to how serious of a buyer you are. If you’re “pre-approved not pre-approved” it simply means that you have given a letter to a potential seller that you can afford their property. It’s nice, but it doesn’t mean much. If you’re “pre-qualified” it means that you have a letter from a mortgage broker saying what he thinks you can afford. This is better than not having a letter, but you can do better still. If you’re “pre-approved” it means that you not only have a letter from a broker, but everything in the letter was shown to be true by a lender and most of the work for a loan has already been done. You’ll have a MUCH better chance of getting the house you want if you’re “pre-approved” than if you are only on one of the other stages.

 

Choose the right lender. One of the phrases you’re bound to get sick of hearing when you’re thinking about buying a home is, “do the research!!” This can’t be emphasized enough since banks offer different rates across the board. The more banks you visit, the better the chances are of you getting a better deal.

 

Make sure that you plan for possible delays in processing. Any business that deals in red tape is going to have problems getting things done on time. Real estate purchases are no different, so make sure you factor these likely problems into your plans.

 

While none of these tips are fool proof, they can help you through a very stressful time. No doubt you will still have times where you feel like putting your fist through a wall, but a little common sense goes a long way when dealing with real estate, and the more you know, the better off you’ll be.

Trackbacks

  1. seo says:

    you, it’s important to understand that becoming…

    a good blogger requires a lot of practice. you should experiment with your writing style until you get it to the point that almost anyone could understand it. most people read at an eighth grade level, so you should write simply…

  2. create another three to five subtopics. these…

    subtopics will be the focus of your articles.create an outline of each article that you write. your outline should include a short introductory paragraph that is a brief overview of the article, a short list of features and benefits of what…

  3. not pay attention to human decoration and…

    may leave it undamaged.cat trees come in several different types. the most basic type of cat tree is known as a scratching post. this piece of cat furniture is compulsory for cat owners. as we all know, felines possess an inborn…

  4. creativity and thus it enables you to…

    compose something that others are more likely to find interesting to read!greater consistencywhen you ‘choose’ rather than ‘accept’ the frequency of how often you post to ‘your’ blog you’re likely more inclined to stick with it! you chose your o…

  5. your blog. like this article has a…

    link, at the bottom, back to my site. another way of getting backlinks is joining stumbleupon, digg, basically the whole lot of bookmarking sites, and after every post, bookmarking it in all of them. you can also post comments to other…

  6. purificador says:

    make sure that your content flows easily…

    through each section. remember, the more simply your content is, the better chance you have of convincing people to click through to your website.write every daythe fastest way to improve your article writing skills is to write every day. practice your…

  7. on your blog. you will want to…

    make it a good, content rich blog, that helps people how to solve a problem or achieve a goal. in the mix of all of this, you still have to promote your resale rights product also.whenever you make a post, make…

  8. of target prospects.when writing blog posts, ensure…

    to be creative and unique web visitors are always interested in high quality blogs. however, there is tight competition online. therefore, to generate quality traffic, ensure to use a unique writing style that will instantly grab the attention of targe…

  9. spirit of the age.5) harness the power…

    of rediscoveryhockney came back to the environment of his childhood, having spent many years away from it, living in california. separation from a loved landscape only serves to feed the mind as it imagines and reflects. this is so in creative…

  10. to tender for (because the bid writer…

    will help you find them and match your company to them) but also vastly improve your chances of your tender documents being successful.pqqs and bids improved success rates is one of the reasons why companies and organisations are enthusiastic about hir…

  11. viewer looking for relevant contents to the…

    site; • articles on the web can prove that they are the authorities on the subject and people interested in the subject will come back again and again to the site; • it will help the customers if the contents are…

  12. Trackback Priority…

    I am now not sure the place you are getting your info, however good topic. I needs to spend a while studying more or working out more. Thanks for magnificent information I used to be searching for this information for my mission….

  13. part, your site will be up and…

    running in just a few minutes. once you have a website set up, submit the url to search engines, link it to a blog you may have, or put the link to it on your page in communities you belong to…

  14. job profile better than un-targeted candidates. last…

    weekend, i spoke at a seminar on the topic of social media and we spent some time on the subject of blogging.most people acknowledge the value of blogging, but have a hard time committing to it. yet blogs provide one of…

  15. good thing is they will all have…

    a positive impact on your search ranking which in the long run will bring you free organic traffic from the search engines. what is a blogthe word blog is short for web log. it started quite a few years ago as…

Speak Your Mind

stack by DynamicWp.net
SEO Powered by Platinum SEO from Techblissonline
  • RSS
  • Facebook
  • Google+
  • LinkedIn
  • NetworkedBlogs
  • MySpace
  • Orkut
  • FriendFeed
  • Twitter
  • Tumblr
  • Flickr
  • Panoramio
  • DeviantArt
  • YouTube
  • Vimeo
  • Last.fm
  • Delicious
  • Pinterest