8 Tips for First-Time Home Buyers

8 Tips for First-Time Home Buyers

A home is likely the largest single investment you’ll make, and being a first-time buyer, you are probably overwhelmed with the cost, complexity and commitment you are about to make. So before you buy your first home, make sure you’ve done your homework. From thoroughly checking out the house to saving money, here’s a handy first-time home buyer checklist to help you on this very exciting journey.

1. Don’t scrimp on the home inspection. You may hear that because a home was just built, it doesn’t need to have a home inspection, but this is not true. There may have been problems with the construction or other issues that you will want to know about when you’re in a position to negotiate with the seller or walk away, if necessary. Hire a trained, certified home inspector.

2. Check out the comps. Know what else is for sale in the area to help inform your asking price. This includes checking for any foreclosures in the area. Since foreclosed homes usually cost less, you can use that information when you decide on the price you want to offer for the home.

3. Know the time on the market. If a house just appeared, and there is a lot of demand in your area, be aware that you may need to make an offer quickly. If it’s been on the market for a long time, look at the price history. Your real estate agent can produce a pricing analysis as you consider making an offer.

4. Ask how flexible the seller is on price. Checking first to see how flexible the seller is before you make an offer can avoid offending the seller with a low-ball offer, while letting you know when there is room to negotiate. If you offer well under asking price, you may end up needing to make offers on several properties before you find a seller who will accept your price.

5. Negotiate credits and closing costs. When negotiating the purchase price of the home, you may ask for credits to repair or replace items that the home inspector noted, such as a new roof or hot water heater. You can also negotiate with[…]

# # #

Continue reading this Travelers Insurance article.


Don’t forget, The Portier Agency offers:
homeowner/mobile home/ renter’s /automobile / motorcycle / life / commercial / crop insurance.
Call or come by to get your quote!


The Portier Agency, LLC
113 North Irwin Avenue
Ocilla, GA 31774