Buying a home for the first time in Alexandria can be a scary, frustrating and demanding task but with these five (5) must-know facts first time home buyers can purchase their home with confidence.
- What can you afford in Alexandria as a first time buyer? Homes can be very expensive but they can also be affordable. Purchasing a home for the first time will require you to take out a mortgage/home loan. The first thing you will need to consider is what price home can you afford in Alexandria. That would depend on your income and your other expenses. If you are unsure of the monthly repayment on your mortgage you can contact a lender in Alexandria for a mortgage pre-approval.
- Choosing the right estate agent. Buyer a home by yourself in Alexandria without proper guidance can make the process extremely hassling and frustrating. You will need to find the perfect real estate agent like Nesbitt Realty who will be there to guide you through all the paperwork and the process in finding the perfect home for you.
- Knowing that there is no perfect home. Many first time home buyers in Alexandria search for a home based on an ideal perception of what their home should look like however buying real estate is all about compromise and not about finding the perfect home. Most first time buyers prioritize on price, size and location but realistically it can be difficult to find all three at once when searching for a home.
- Do Your Homework. You have now found the house you love and you are ready to move in but have you covered all the bases in purchasing your first home? Don't be too eager to move into a new home until you have covered all the necessary bases. Ensure your contract has some contingencies such as home inspection, financial contingency and appraisal contingency. These contingencies will allow you the option to back out of any deal should something go wrong.
- Know your tax credit options. As a first time home buyer you are allowed a number of tax breaks which you may not be aware of. Speak to your Realtor and your financial adviser to see if any of these tax breaks/credits apply to you.
Properties in Alexandria
