Mortgage Blog

Top Tips for Pa first time home buyers

July 28th, 2015 8:09 AM by Michael and Jill Kohler

TopTips for Pa first time home buyers


Hire a Pa licensed buyer’s agent to save you time and money

If you are considering buying a home, hire a buyer’s agent.  A licensed agent will save you time in finding the perfect home that meets your needs.  They can send you listings to view the details and photos before actually setting foot out the door.  Also, agents often know of new listings that aren’t on the market yet.  Besides, the seller is the one that will end up paying the commission, so take advantage of having professional representation on your side, it doesn’t cost you anything.


Set up the mortgage financing for your new Pa home purchase first

Think about getting the Pa mortgage loan approved before buying a home.  It is smarter to go house shopping with a mortgage preapproval letter in your hand.  When that day comes along that you want to make an offer, it will make your offer a lot stronger when the seller doesn’t have to worry so much as to you having to get mortgage financing.


Negotiate a successful deal that benefits both parties

Make sure your Pa buyer’s agent gives you a list of comparable sales in the area.  This will help you determine how much to bid on the home.  The last 3 months sales are a good gauge for you to determine what to bid.  Remember there are always more details to the offer than just the price. Examples are:  how soon you want to move, having a pre-approval, seller’s assist, and the items you want them to leave in the house. There are many details so be sure so sit back and think of the things that are important to you. This is also where your buyers agent can be invaluable as they’ve structured many deals.


Make home inspections part of the plan

You may want to make your offer contingent on the home inspection.  If you find out the home has foundation issues, you may decide against buying it.  Having a home inspection will let you know exactly what you are getting into.  Some people hate to spend another $300-$500 on the inspection, but it does give you the opportunity to address with the seller the problems of the home.  Also, it lets you negotiate the items you would like them to address. 


Remember buying a home is a step by step journey. There is no easy way there.  There are many hurdles to jump over to end up living in your dream home, but if you take them one step at a time, you’ll be well on your way to home ownership.


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Posted by Michael and Jill Kohler on July 28th, 2015 8:09 AM


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