10 Tips for First-Time Homebuyers

1. Be picky, but don’t be unrealistic. There is no perfect home.
2. Do your homework before you start looking. Decide specifically what features you want in a home and which are most important to you.
3. Get your finances in order. Review your credit report and be sure you have enough money to cover your downpayment and your closing costs.
4. Don’t wait to get a loan. Talk to a lender and get prequalified for a mortgage before you start looking.
5. Don’t ask too many people for opinions. It will drive you crazy. Select one or two people to turn to if you feel you need a second opinion.
6. Decide when you could move. When is your lease up? Are you allowed to sublet? How tight is the rental market in your area?
7. Think long-term. Are you looking for a starter house with the idea of moving up in a few years or do you hope to stay in this home longer? This decision may dictate what type of home you’ll buy as well as the type of mortgage terms that suit you best.
8. Don’t let yourself be “house poor”. If you max yourself out to buy the biggest home you can afford, you’ll have no money left for maintenance or decoration or to save money for other financial goals.
9. Don’t be naïve. Insist on a home inspection and, if possible, get a warranty from the seller to cover defects within one year.
10. Get help. Consider hiring a REALTOR® as a buyer’s representative. Unlike a listing agent, whose first duty is to the seller, a buyer’s representative is working only for you. And often, buyer’s reps are paid out of the seller’s commission payment.

Dearborn Price: $160000 Beautiful brick condo. Excellent curb appeal!! This end unit features an extra dining room window, open floor plan, oak cabinets in kitchen. Floors feature hardwood, carpet and tile. Cathedral ceilings. Very large bedrooms; master bedroom, with walk in closet a must see! Patio area great for relaxing or entertaining. Other features need to be seen to believe. Also available for lease.

Dearborn Heights Price: $34900 Certificate of Occupancy attained! Beautifully updated home, just needs a few personal touches!! Updated Kitchen and Baths. Large walk in storage located in 2nd floor 1/2 bath. Nice sized bedrooms and closets, plenty of storage. Finished Hardwood Floors, Fresh Paint and New Carpet! Large fenced yard with 1 1/2 car garage, large covered front porch. Lovely view from the updated windows! Move in ready! Call today to schedule an appointment!