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Any Tips for First Time Buyer?

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  • Any Tips for First Time Buyer?

    The first thing buyers should do is determine how much they can afford. It is important to factor in the down payment, loan origination fee, closing costs, realtor commissions and homeowners insurance.

  • #2
    Re: Any Tips for First Time Buyer?

    Not to mention deposit, mortgage arrangement fee, survey or valuation costs, solicitors fees, stamp duty and buildings insurance! It's a costly business, wherever you are.


    • #3
      Re: Any Tips for First Time Buyer?

      closing costs, realtor commissions
      In England we don't "close" so there can't be any closing costs.

      Certainly no "realtor commissions", whatever they are.
      RICHARD WEBSTERwww.rwco.co.uk
      As a conveyancing solicitor I want to be helpful (England/Wales only) but can't accept liability for this.


      • #4
        Re: Any Tips for First Time Buyer?

        It's good to have someone reliable to assist you (for example come along for property viewing). It doesn't have to be an expert, could be a family member or a friend, who will be able to asses and advise. They might be able to notice things that you can't see.


        • #5
          Re: Any Tips for First Time Buyer?

          Also a good mortgage adviser too so they are able to walk you through the whole process and make sure it goes smoothly & provide expert advice on which lender to use.
          Compare the Mortgage Market


          • #6
            Re: Any Tips for First Time Buyer?

            Easily the best thing you can do is speak to those who've 'bought the teeshirt', such as parents and siblings.

            Possibly the best piece of advice though is not to get overwhelmed by the whole process. First time buyers a just one purchase away from homeowners!
            Free Guides For First Time Buyers!