First Time Home Buyers
First Time Home Buyers Agents at Security American Realty are the best Realtors. Utilizing a buyer’s agent from Security American Realty can benefit you tremendously. Helping our clients find the home best for them at the best price is our objective. The buyers agents at Security American Realty will provide you the true facts and data involving the value of your new home, the market and neighborhood conditions and any physical defects on the property. Working with a buyer’s agent saves you time and money.
First Time Home Buyers Agents agents at Security American Realty take pride in helping clients in a variety of neighborhoods, price ranges and cultures. We believe every American should own a home and live the American Dream and our buyers agents can help make this a reality! Further, our buyers agents give great pride in helping our Military Veterans utilize the VA Loan Benefit in order to buy a home. The pride of home ownership raises self esteem and makes the jobs of a buyers agent rewarding.
All First Time Home Buyers Agents agents at Security American Realty are ready to assist you now in home ownership! Our buyers agents will show you homes, negotiate contracts, research value and take you step by step through the home buying process. When using buyers agents at Security American Realty then you are represented. You will then be our client. Our buyers agents owe you the highest standard of fiduciary responsibility. Realtor buyers agents at Security American Realty must strive to get the best price and terms on the home you desire. Otherwise, you are only a “Customer”. If you contact a listing agent for assistance you are a “Customer”. The listing agent doesn’t represent buyers and cannot represent both sides of the transaction. Fiduciary responsibility can only be given to either a buyer or Seller in Texas.
Security American Realty’s sister company Security America Mortgage offers a variety of home loans for home buyers needing financing. The VA Loan, Conventional Loan and FHA loans and Jumbo Loans are a few types of home loans that Security America Mortgage offers. Our veteran buyers agents recommend that you always get Pre-Approved before starting your home search. Unless you are paying cash it’s critical that you have a Pre-Approval Letter so that the seller will take your offer seriously. In a hot sellers market you can lose a deal not being prepared and our buyers agents will prepare you!
Security America Mortgage spends time training the First Time Home Buyers Agents agents and listing agents of Security American Realty and other real estate companies on the intricacies of the VA Loan Process. The sales contract, seller contribution and other crucial aspects of the sales contract vary on the various loans like the VA Loan, Conventional Loan, and FHA Loan. Did you know that the VA Loan has 100% Financing and certain non allowables? Did you know that the VA Loan requires a Pest inspection? There are many aspects of the real estate transaction that Security American Realty and Security American Mortgage can help you with.
The buyers agents providing buyer representation at Security American Realty are all experienced with credentials and same with the Loan Officers at Security America Mortgage. Security American Realty offers First Time Home Buyers services to qualified home buyers all over Texas. If you would like to get Pre-qualified or Pre-Approved click here www.securityamericamortgage.com Below is a required Texas Real Estate Disclosure to help educate our First Time Home Buyers on the duties and disclosure of buyer’s agents and listing agents.
First Time Home Buyers steps makes searching for a new home can be an exciting, but challenging experience. Using First Time Home Buyers Agents from SAR will answer all of your questions
First Time Home Buyers House buying steps makes searching for a new home can be an exciting, but challenging experience. Using our First Time Home Buyers steps will answer many of your questions about the home buying process. Having real estate professionals that take the time to understand your unique needs and lifestyle is important to First Time Home Buyers. Our Realtors work hard to find you the perfect home and ensure that each detail of the purchase process is handled with care. First Time Home Buyers steps educates you from negotiating the terms of the sale to recommending moving companies, our agents treat each client like family and work from start to finish, not just 9 to 5.”
Step 1: Decide to Buy
First Time Home Buyers Agents steps #1. The decision to purchase your first home is one of the biggest and best decisions you could ever make. After all, a home is the largest (and most emotional) investment most people will ever make. So, how do you know if it’s the right time for you to buy your first home?
- There is never a wrong time to buy the right home. The key is finding a good buy and taking the time to carefully evaluate your finances.
- A home purchase is an important step in the path to long-term wealth. Purchasing your own home is a great investment that provides specific financial advantages, including equity buildup, value appreciation potential and tax benefits. It’s also an automatic savings plan that you cannot get from renting!
- Here’s the most important rule for keeping your stress to a minimum: you don’t have to know everything. Your Security American agent is ready to help you through every step of the process.
Step 2: Hire Your Agent
First Time Home Buyers Agents#2. When you’re looking for a real estate professional to help you, know that above all else, good agents put their clients first. This is your dream, and your agent is your advocate to help you make your dream come true.
A great real estate agent will:
- Educate you about the current conditions of the market.
- Analyze what you want and what you need in your next home.
- Guide you to homes that fit your criteria.
- Coordinate the work of other needed professionals throughout the process.
- Negotiate with the seller on your behalf.
- Check and double-check paperwork and deadlines.
- Solve any problems that may arise.
Step 3: Secure Financing
Ultimately, your lender will pre-approve you for a certain amount, but YOU will decide what you’re comfortable paying every month. Remember, your lender only sees your finances on paper. It’s up to you to decide how much you’re willing to stretch your budget in order to get into your dream home.
Be sure to follow these six steps to financing your home:
- Choose a loan officer.
- Make a loan application and get preapproved.
- Determine what you want to pay and select a loan option.
- Submit to the lender an accepted purchase offer contract.
- Get an appraisal and title commitment.
- Obtain funding at closing.
Step 4: Find Your Home
So you are preapproved and ready to begin your search. But how or where do you begin? There are a lot of homes out there and diving in without a guide can become overwhelming and confusing. A great agent will help you more accurately pinpoint homes that fit your criteria. The right home will meet all your important needs, and as many of your additional wants as possible. Some questions you might ask yourself include:
- What do I want my home to be close to?
- How much space do I need and why?
- Which is more critical: location or size?
- Would I be interested in a fixer-upper?
- How important is home value appreciation?
- Is neighborhood stability a priority?
- Would I be interested in a condo?
- What features and amenities do I want? Which do I really need?
You’ll learn as you look at homes, your priorities will probably adjust along the way.
Step 5: Make an Offer
Once you’ve found a home you love, the next step is making a compelling offer. While emotions are probably in high gear once you’ve found a home you love, it’s important to remember that a home is an investment. Your agent will research similar properties in the neighborhood to help you determine the market value, and fair price, for your home. Look to your agent to explain and guide you through the offer process.
- The three basic components of your purchase offer are price, terms and contingencies.
- Price is the dollar amount you are approved for, willing and able to pay.
- Terms cover the other financial and timing factors that will be included in the offer.
- Contingencies are clauses that let you out of the deal if the house has a problem that didn’t exist or which you weren’t aware of when you went under contract. They specify any event that will need to take place in order for you to fulfill the contract.
Step 6: Perform Due Diligence
Just because you love a particular property doesn’t mean that it’s perfect. In fact, this is where reason has to trump emotion. You’ll need to have a property inspection (which we highly recommend you attend) that will expose hidden issues. This way you’ll know what you are getting into before you sign closing papers.
- Your main concern is the possibility of structural damage. This can come from water damage, shifting ground, or poor construction when the house was built.
- Don’t sweat the small stuff. It’s the inspector’s job to mark everything discovered no matter how large or small. The inspectors report may be long, but, things that are easily fixed can be overlooked for the time being.
- If you have a big problem show up in your inspection report, you should bring in a specialist and if the worst-case scenario turns out to be true, you might want to walk away from the purchase.
- Even if your home passes inspection, you’ll still need to buy a home owner’s insurance policy that protects you against loss or damage to the property itself and against liability in case someone sustains an injury while on your property.
Step 7: Close
Once you’ve made your offer and have completed the inspection process, you’re in the “home” stretch! But, in order to ensure that you don’t put your closing date, or your mortgage at risk, you have a few pre-closing responsibilities that you’ll need to be mindful of. These include:
- Staying in control of your credit and finances. If you are tempted to make any large purchases during this time, it’s best to talk to your lender first.
- Keeping in touch with your agent and lender, returning all phone calls and completing paperwork promptly.
- Communicating with your agent at least once or twice a week, and verifying with your lender that all mortgage funding steps are completed.
- Conducting a final walk-through of the home with your agent.
- Confirming with your agent, home insurance professional, and lender that you have the settlement statement, certified funds, and evidence of insurance lined up prior to closing.
Step 8: Protect Your Investment
Congratulations, and welcome home! The home-buying process is complete, but just like any big process, there’s a maintenance plan! It’s now your responsibility, and in your best financial interest, to protect your investment for years to come. Performing routine maintenance on your home’s systems is always more affordable than having to fix big problems later. Be sure to watch for signs of leaks, damage, and wear.
And remember, just because the sale is complete, your relationship with your agent doesn’t need to end! After closing, your agent can still help you – providing information for your tax returns, finding contractors and repair services, and even tracking your home’s current market value.