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Michele Lafortune

The Realtor You Can Trust

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First time Home Buyers!

First Time Homeowners Taking the right steps!

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Certainly! Here are some essential tips for first-time home buyers:

  1. Check Your Credit:

    • A good credit score is crucial for getting favorable mortgage rates. Review your credit report and work on improving it if needed.
  2. Save for a Down Payment:

    • Aim to save at least 20% of the home’s purchase price for a down payment. This helps avoid private mortgage insurance (PMI).
  3. Get Preapproved for a Mortgage:

    • Before house hunting, get preapproved for a mortgage. It gives you a clear budget and strengthens your offer.
  4. Understand Your Budget:

    • Consider not only the mortgage payment but also property taxes, insurance, utilities, and maintenance costs.
  5. Choose the Right Realtor:

    • Find a real estate agent who understands your needs and can guide you through the process.
  6. Research Neighborhoods:

    • Explore different neighborhoods to find the right fit for your lifestyle, commute, and amenities.
  7. Attend Open Houses:

    • Attend open houses to get a feel for different homes and neighborhoods.
  8. Home Inspection Matters:

    • Always get a professional home inspection before closing. It helps uncover any hidden issues.
  9. Be Realistic About Renovations:

    • Understand the cost and effort involved in renovations. Prioritize essential upgrades.
  10. Think Long-Term:

    • Consider your future plans. Is this a starter home or a long-term investment?

Remember, buying a home is a significant decision. Take your time, do your research, and seek professional advice. Good luck on your homebuying journey! 🏡🔑


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