Money Saving Tips For First Time Home Buyers – Buying your first home requires a ton of research and careful planning. Let’s face it, you’ve never done this before, so money is probably the first thing on your mind – it is a huge expense; however, it’s incredibly rewarding to become a homeowner for the first time. Here are six tips for first time home buyers to save some money throughout the process.
Pay for an Inspection
At first glance you might think that this is an added expense that you can skip – wrong. If something is wrong with your potential new home, hiring a professional to conduct an inspection before you sign any papers can save you money in the long run.
Choose the Right Mortgage
This can be tricky, a 30-year mortgage might appear to be the best option at the beginning, but if you go with a 15-year mortgage right from the beginning, you will end up paying less in interest fees overall. Do your research to figure out what works best for you, but don’t forget about interest rates!
Negotiate Closing Costs
These costs typically account or 1-8% of the purchase price, so don’t be afraid to negotiate this added expense.
Consider a Contractor
If there are updates that need to be made, consider hiring a home contractor for some projects – however, don’t rely on them for all of the updates. Determine which projects your can do yourself and which ones require the help of a professional.
Bundle Cable/Internet/Phone
Cable, internet and phone are things that most people see as a necessity, so when you are moving into your new space, consider bundling these services to provide you with the most possible savings.
Consult a Professional
A local real estate agent is one expense that will actually save you time and money. He/she will act as a resource and provide you with the right type of guidance to get the most bang for your buck.
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About Deborah Laemmerhirt
Let me assist you in finding everything you need to know about buying or selling a home! As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground.
Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.
I go the extra mile to help you achieve your goals. That’s why I constantly research the home, market and estate values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative marketing techniques to attract potential buyers.
As an Internet-savvy real estate representative in Connecticut, I’ve had the opportunity to help many home buyers find their ideal homes and many sellers obtain top dollar for their homes. Buying or selling a home is one of the largest financial transactions that most people ever undertake, so I will help you through every step of the process. My goal is to make your home selling or buying experience as easy and enjoyable as possible.
My services include:
Explaining the home selling and buying process thoroughly
Diligently selecting homes that meets your criteria
Pricing your home correctly and implementing a unique yet proven marketing plan
Negotiating on your behalf
Tracking the closing process to ensure a smooth transaction
I welcome the opportunity to address any questions you might have about buying, selling or current market conditions. Please call or e-mail me any time, and I will be happy to discuss your next steps in the buying or selling process.
I specialize in both Residential and Commercial Properties.
I also head a Real Estate Group to provide you with expert service and support.
Areas of Expertise
Making transitions in your life is challenging. You may be moving from out of town, a different state, internationally or just next door! Regardless of the distance I am prepared to respond to your unique needs.If you are a BUYER looking to downsize, up-size, want a new construction, desire a condominium, to invest, even if this is your first home, I will design a unique plan to fulfill your needs in a reasonable time frame, with the best negotiated price and the least amount of inconvenience.For my Home Sellers, I have an innovative marketing plan that will leave nothing to chance. Just call, and I would be happy to share the DIFFERENT and SUCCESSFUL TOOLS I utilize on each of my listings.
I have lived in Connecticut for over 35 years. I practice Real Estate in Fairfield County, New Haven County and Litchfield County. This includes, but is not limited to Bethel, Bridgewater, Brookfield, Danbury, Harwinton, Kent, Litchfield, New Fairfield, New Milford, Newtown, Oxford, Ridgefield, Redding, Roxbury, Sherman, Southbury, Warren, Washington, Westport and Wilton.
