What do I do first if I want to buy a home? FIRST TIME HOMEBUYERS

By
Real Estate Agent with CA Coastal Estates- Monarch Bay Real Estate DP BRE 01329427

WHAT DO I DO FIRST IF I WANT TO BUY A HOME?

That is the first question I have been hearing a lot lately....

First and foremost, you ask yourself the question? Am I ready to be a homeowner? IF, THE ANSWER IS, "YES". Then, your first steps are as follows:

 

1.) See a Mortgage Broker or your local Bank or Credit Union. (Keep in mind that Credit Unions typically have tighter guidelines) This way you know if you are approved to start your HOME SEARCH. Also, your loan officer will tell you what price range of homes you will be looking at........

Be ready to give your loan officer

  • two years tax-returns
  • two recent pay stubs
  • two month's bank statements

2.) Decide what area you want to live in. Do you have a special criteria? Such as, how many bedrooms must I have at a minimum? Is there a minimum square footage I must have? Fireplace? Pool? Is lot size important? Walking distance to the beach? (that is my favorite!)

3.) Start looking on the web to narrow down the area (78% of homebuyers are searching the web first) to see what's out there

4.) If schools are important, then check school districts and reports for the area

5.) CHOOSE A REALTOR(R), not just an agent, a REALTOR(R). WHY? Experienced, licensed, guidelines with the state and board, highly recommended and we take an oath to be ethical in all real estate transactions. If, you want to be sure you have a licensed REALTOR(R) in the state of California go to: www.dre.ca.gov and go to License Look-up. You can see if that particular REALTOR(R) is licensed, been suspended or when he/she has been licensed. If, you are in another state, just google department of real estate (type your state).

GOOD LUCK! If, you are looking for a REALTOR(R) in Southern CA, highly recommended and a Ceriftied Residential Specialist, amongst many other certified designations, call  Lauren Selinsky 949-310-4960 direct or text. I look forward in working with you.

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© Copyright CA COASTAL ESTATES, INC. | LAUREN SELINSKY -PEREZ CEO, REALTOR® CA DRE #01329427  888.908.7770X2305 |1278 Glenneyre St 245-Laguna Beach, CA 92651     homes@LaurenSelinsky.com 

HOME SEARCH NOW>>> www.OC-Lauren.com

 

        ABR Designation: For Real Estate Buyer Agents

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MULTI-MILLION DOLLAR PRODUCER, SOUTH ORANGE COUNTY SPECIALISTS, PROVIDING EXCEPTIONAL SERVICE FOR BUYERS AND SELLERS IN SOUTHERN CA INCLUDING THE CITIES OF: ALISO VIEJO, BEVERLY HILLS, CORONA DEL MAR, CAPO BEACH, COSTA MESA, DANA POINT, IRVINE, LAGUNA BEACH, LAGUNA HILLS, LAGUNA NIGUEL, LAGUNA WOODS,LOS ANGELES, MALIBU, MISSION VIEJO, MONARCH BEACH, NEWPORT COAST, NEWPORT BEACH, SAN CLEMENTE AND SAN JUAN CAPISTRANO, SANTA ANA, SHERMAN OAKS, AND WOODLAND HILLS. LUXURY HOMES & OCEAN VIEWS FROM MALIBU TO LA JOLLA... BI-LINGUAL IN SPANISH *** A LEADER IN MY COMMUNITY AND A CONTINUED VOLUNTEER IN YOUTH SPORTS IN ALISO VIEJO, LAGUNA NIGUEL, MISSION VIEJO AND DANA POINT SINCE 1994.

                             

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Topic:
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Location:
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Groups:
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Tags:
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Rainmaker
640,856
Stephanie/Bob The Ruiz/Miller Team
Keller Williams Cornerstone Realty - Ocala, FL
The Ocala Dream Team

Hi LAUREN, great post.  So good in fact that I took the liberty of re-blogging it and suggesting it for a featured blog!

Jun 07, 2012 02:38 AM #1
Rainmaker
532,093
David Burrows
Classic Realty - Fairfax, VA
No Pressure, Just Seriously Devoted to Real Estate

Hi Lauren,

This is excellent information you have provided today on purchasing a home. I especially appreciate the first and last step you have shared. BTW, I like the appearance of your Active Rain Blog. 

Jun 07, 2012 03:49 AM #2
Rainmaker
1,915,252
Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Great info Lauren.  I would also like to tell them to drive though the neighborhoods they are considering to get a feel for them as well.

Jun 07, 2012 04:54 AM #3
Rainer
356,257
Lauren Selinsky Perez
CA Coastal Estates- Monarch Bay Real Estate DP - Laguna Hills, CA
REO -CEO - CDPE - SHORT SALES - Woman Owned
Bob- :D thank you so much.... For suggesting a feature and re-blogging ;) It's great to help with understanding the first steps.
Jun 07, 2012 09:27 AM #4
Rainer
356,257
Lauren Selinsky Perez
CA Coastal Estates- Monarch Bay Real Estate DP - Laguna Hills, CA
REO -CEO - CDPE - SHORT SALES - Woman Owned
David, thank you so much... I tend to be a bit more creative during the wee-- hours. ;)
Jun 07, 2012 09:30 AM #5
Rainer
356,257
Lauren Selinsky Perez
CA Coastal Estates- Monarch Bay Real Estate DP - Laguna Hills, CA
REO -CEO - CDPE - SHORT SALES - Woman Owned
Gabe, I almost added that on the line of the "know where you want to live", but I figured if they are not local they can't do that.... I could mention, if you are local? Plus, I do suggest that when Buyers are ready to go see a property and they have a list of 20 and they are literally scattered! Into other cities.
Jun 07, 2012 09:33 AM #6
Rainmaker
1,116,640
Kevin B. Tolbert PA Team
Keller Williams Realty of Port Saint Lucie - Saint Lucie West, FL
New Home Construction and Luxury Specialist!

Three things you need to do first in order to buy a home.. prequalify, prequalify, prequalify.  Oh and did I mention, prequalify or you are not seeing a single home today.

Jun 07, 2012 05:21 PM #7
Rainmaker
398,596
John Cannata
214-728-0449 http://TexasLoanGuy.com - Frisco, TX
Texas Home Mortgage - Purchase or Refinance

A great starting recap for your first time homebuyers, or even for those that have purchased before. Sometimes they forget the process since they purchased a few years back.

Jun 07, 2012 09:15 PM #8
Rainer
356,257
Lauren Selinsky Perez
CA Coastal Estates- Monarch Bay Real Estate DP - Laguna Hills, CA
REO -CEO - CDPE - SHORT SALES - Woman Owned

So funny Kevin... True though.... It's a requirement with offer these days... Don't want to waste anyones time...

 

Good point John! Great re-cap in case it's been a while for some buyers or think that some things have changed.

Jun 07, 2012 09:29 PM #9
Rainer
47,640
Diana Foster
Braselton Real Estate Group, Inc. - Jefferson, GA
Realtor- Helping you find the perfect home!!

Great points for buying a home. Especially the pre qualify part. Hope you don't mind if I re-blog. Thanks so much. 

Jul 04, 2012 11:21 PM #10
Rainer
356,257
Lauren Selinsky Perez
CA Coastal Estates- Monarch Bay Real Estate DP - Laguna Hills, CA
REO -CEO - CDPE - SHORT SALES - Woman Owned

Absolutely Diana~ no prob... ;) and thank you...

Jul 09, 2012 01:42 PM #11
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Rainer
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Lauren Selinsky Perez

REO -CEO - CDPE - SHORT SALES - Woman Owned
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