The best way to buy a house: 4 Homebuying tips to know

by Tony Carter, Realtor® 02/04/2024

Many first-time homebuyers want to know the best way to buy a house. While details can vary from one sale to the next, there are some tried and true guidelines for every real estate market. Here are some crucial tips for first-time buyers shopping for a home:

Explore mortgage options

Explore different types of mortgages by comparing conventional and FHA mortgages. FHA loans, offered by the Federal Housing Administration, allow borrowers with a less-qualified credit score to obtain a mortgage with a lower down payment. 

Conventional loans offered by banks and other mortgage lenders might have tighter approval requirements, but can have lower interest rates.

Utilize open houses & virtual tours

Touring houses is an essential part of the home search, but unfortunately not always a practical one. Luckily, 3-D tours and video tours are available for countless listings online, allowing you to visit from the comfort of your own home.

If you're able to attend an open house in person, you'll have the valuable opportunity to explore the neighborhood as well.

Find the right real estate agent for you

A well-qualified property agent understands the current housing market. Their experience and knowledge makes them a valuable partner in the homebuying process. If you're not sure where to start searching for a real estate agent, try asking friends or colleagues for recommendations.

Don't forget closing costs

In determining the total amount of money that you're willing to spend on your purchase, make sure to include closing costs. You'll get a quote from your lending agent in advance, but some buyers are still surprised at how much the closing cost actually ends up being.

While expenses vary by lender and location, expect to pay between 3% and 15% of the total purchase price at closing.

Are you ready to get started in finding your dream home? Keep these tips in mind for the best possible homebuying experience.

About the Author
Author

Tony Carter, Realtor®

My wife, Cindy and I, moved to Florida 9 years ago from Wisconsin, where we were born and raised. I proudly served in the United States Air Force and was stationed overseas and in The Gulf War. Became a member of The American Legion and a lifetime member of Veterans of Foreign Wars (VFW). After, the Military, I got into the retail business for the last 25 years. During my last position, in the retail. I was second-in-charge of a 125 million dollar a year business. Thatis where I developed my passion for customer service and taking care of the customer. With that passion, I became a full-time licensed Realtor in the state of Florida. I understand that real estate is not just a transaction but an important personal decision, a decision that may need guidance. I am here to answer any questions and guide you and your family through the process. Whether buying for the first time. Purchasing a condo, single-family home, investment property or a time-share on the beach. I am the exclusive Realtor for the Mariner Beach Club in St Pete Beach, Florida and for the Island Gulf Resort in Madeira Beach, Florida. Please feel free to contact me with your real estate needs directly at cell 262-894-8135 or via e-mail at [email protected] or website; www.TonyCarterRealEstate.com. Timeshare on St. Pete Beach, Florida. www.TonyCarterRealtor.com. Video of the Mariner Beach Club, St. Pete Beach, Florida. www.imagemaker360.com/141537. Website to the timeshare at Madeira Beach, Florida. www.IslandGulfResortFlorida.com