Advice for First-Time Buyers
Considering buying a home for sale in Dublin, Ohio or in the one of the neighboring cities of Columbus, Ohio? Here’s a quick look at the buying process for Dublin Ohio Real Estate:
*Pre-Qualification: Before you even get into the car to see your first home for sale in Dublin, Ohio meet with a bank or mortgage broker and find out how much you can afford to pay for a home. If you need advice on finding a good lender, email or text us since we work with some of the top lenders in the area.
*Pre-Approval: While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are out of your price range. With a pre-approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you are interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that home. Most lenders will issue a pre-approval letter at no cost as they are hoping to earn your business when you’ve found the home you want.
*List of Needs and Wants: You might want to make two lists. The first includes items you must have (such as bedrooms you need for the size of your family, a one story home if you need all of the living area on one floor, etc.). The second list is your wishes, things you would like to have (den, finished lower level, etc.) but that are not absolutely necessary. Realistically, for first time home buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.
*It Pays to Use A Pro: Consider hiring your own real estate agent, one who is working for you, the buyer, not the seller. It doesn’t cost you anything to use an agent when you buy a home. Most buyers get an agent working for them from the very start of the process. Ask them if they specialize in Dublin Ohio Real Estate or the area you are targeting.
*Focus and Organization: It helps to keep all your paperwork and items for the home search in one area. Such items may include:
- A detailed map of the areas you are interested in.
- A file of properties that your agent has shown you, along with addresses of the homes you’ve spotted on the internet that you want to see.
- Paper and pen, for taking notes as you search.
- Camera, if you wish, to take photos of the home you are interested in to refresh your memory when it comes time to make an offer.
Be Objective: Instead of thinking with your heart when you find a home, think with your head. Does this home really meet your needs? There are many homes to choose from, so don’t be rushed into a decision you may regret later.
Be Thorough: A few extra dollars during the process can save you big expense down the road. Don’t forget to have your agent write contingencies into the contract that allow you to get a home inspection and negotiate repairs. And be certain that your agent writes into the contract that the home must appraise at or above sale price so you have the option of renegotiating the price if the appraisal comes in low.
Buying a home is a huge decision. That’s why having a professional represent you and keep track of all of the details of your home purchase is highly recommended. If you have any questions about the process, feel free to call, email or text The Hetherington Team. The award winning duo is here to help you ever step of the way.