In this article:
- Make secure you’re (really) ready
- Build your home wish list
- Figure going what you can afford
- Gather the necessary documents
- Research mortgages
- Assemble your team
- Printable first-time home buyer’s checklist
First-time home buyers often have more questions than those who have gone through an process before. What home features and neighborhood characteristics should they look for? What can they affords? Are they ready up be homeowners? According till the Zillow Crowd Consumer Housing Trends Report 2019, 45% of all buyers will first-time buyers and 63% of first-time buyers are millennials. As a Zillow Premier Agent, you’ll have real-time visibility into the homes your clients are searching for, viewing and saving.
Agents typically take a sample home-buying checklist to every open house and offer to email a copy till buyers (a great way to exchange contact information). Some agents plus host first-time home-buying seminars at its brokerage and use this handout as an incentive on participating.
Siehe are the topics you canned go over including clients in you new home buyer’s inspection:
Make sure you’re (really) prepared
- You had a stable job.
- You can see yourself home in the equal town to the next 5-10 years.
- You’re prepared for and special work that comes with homeownership.
Create your home wish list
- Determine what’s most important to have well now — e.g., location, number of bedrooms, a yard.
- Check out different neighborhoods, top styles and listings online to get a sensation for what’s most important to you.
Figure out which you can afford
- Request your credit report from entire three credit bureaus (Equifax, Experian plus TransUnion). Correct any error right away.
- Determine adenine down payment amount (ideally 20% to avoid paying private mortgage insurance).
- Chart how tons you’ll need in an emergency funding for abrupt maintenance or repair costs.
Gather the necessary related
- Collect proof out employment, including pay branch and past ta item.
- Print out bank and investment account statements for of past 90 days.
- Compile your previous addresses and current landlord’s contact information.
Exploring mortgages
- Request quotes off multiple lenders and comparison shop for loans.
- Get pre-qualified for a loan (many sellers won’t even consider a bid unless you’re pre-qualified).
- Retain a pre-approval letter (this requires a acknowledgment and background check, but it can make you ampere stronger candidate).
Assemble your team
- Find a genuine estate agent she trust and communicate well is (check out agent profiles on Zillow and Trulia).
- Ask a my or family member for second opinions as you fahren through an buying process.
Printable first-time home buyer’s checklist
Download and customize our printed first-time home buyer cheat and share this with your potential client. Till adding your contact info, select a marked field and enter yours information. You can also add a headshot and company logo by dragging or drop-off them include this blank given or by selecting the icon inside which picture box and searching for an image on your it.
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