With historically low interest rates and more loan programs available for first time home buyers, this year is likely a year many first time home buyers finally decide to buy. Here are 3 essential things Knoxville first time home buyers must know.
Don’t Make Any Assumptions
If you’re a first time home buyer, there are a lot of unknowns about buying your first home. For many Knoxville first time home buyers, that often involves how much they are able to afford or if they can buy a home at all. Prior to starting your Knoxville home search, sit down and talk with a loan officer. You may be surprised to find that you are able to afford more home than you expect. A loan officer can also give you an idea of what types of loans your qualify for and how much your monthly payment will be.
Help Is Available
When you hire yourself a buyer’s agent, it costs you absolutely nothing as a buyer. So, why wouldn’t you get someone to help you through the process? Many first time home buyers tend to start the process online and sometimes think that a realtor is irrelevant. A realtor is in the real estate business day in and day out and are full of tons of knowledge of the local housing market. They’ve also been through the process countless times and know how to handle a situation if something difficult happens.
Take Your Time
Buying a home is one of the largest investments you’ll make in your lifetime, so it is nothing you want to do haphazardly. Be sure to start the process off right by talking to a loan officer and making sure it is something you want to take on. Then, get yourself and agent that you’re comfortable with. You don’t have to buy the first house you look at. Once you find the right Knoxville home for sale, you will know..
Are you thinking about buying a Knoxville home this year? If so, do not hesitate to contact Knoxville Home Team if there is any way that we can assist you. Rick can be reached at 865-696-9002 or via email at [email protected]. Kati can be reached at [email protected]. Also, be sure to check out our Knoxville Home Search Page to see what homes are for sale in the Knoxville area.
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