Real Estate 101: 3 Essential Tips for First Time Home Buyers

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Going house hunting for your very first home is exciting, but it’s not something to rush into. Making sure you get the house of your dreams at a price that’s within your budget should be your ultimate goal, and that’s going to take some time and require careful consideration.

Keep these essential tips on home buying for first time home buyers in mind as you start your search:

  • Know how much you can afford. Use online tools, such as an affordability calculator and a mortgage calculator, to determine what’s within your budget and get an estimate of how big your monthly mortgage payment would be.
  • Follow this rule of thumb when figuring out how much you can afford each month for a mortgage payment: your payment shouldn’t exceed 28 percent of your monthly income.
  • Gather information about the real estate market in your area by contacting United Real Estate agents. They should be able to tell you if you’re better off buying now or if you should wait a bit more until prices fall again.

Need more tips on home buying for first time home buyers? Visit United Real Estate and stop by our Facebook page for expert advice!

 

Welcome to the United Real Estate Virtual Gathering Place

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Whether you’re buying or selling a home, it’s good to have the best professional help available. That’s exactly what you’ll get from United Real Estate. We offer outstanding service and make the new home buying or selling process go as smoothly as possible.

As part of our service, we’ve set up this blog for our customers. Check back here often for tips and advice aimed at buyers and sellers and info on real estate markets. You’ll learn how to attract potential buyers, choose the perfect home and figure out how much of a mortgage you can afford. You’ll also know what to expect when you’re closing on a home or handing over the keys to a new owner. Our blog will keep you up-to-date on the latest real estate trends and provide you with recent news about our company. You’ll learn more about the apps and other tools we offer to buyers and sellers as well. Don’t forget to bookmark this site for quick and easy access to it!

Stop by and “like” the United Real Estate Facebook page and follow us on Twitter. You’ll get unique condo highlights, new home buying tips, spotlights on nationwide markets and much more!