Tips For First-Time Home Buying In Winter Garden

Posted by Jake Johnson on Tuesday, April 9th, 2019 at 11:44pm

If you’re looking for Winter Garden homes for sale, and you’re a first-time home buyer, the entire process may seem a little bit intimidating. So in this blog, we’ll discuss a few tips that you’ll definitely want to keep in mind when looking at Winter Garden real estate as a first time buyer. Read on, and make sure you can find your dream home in Orlando!

1. Don’t Go It Alone – Hire A Real Estate Agent

You may be tempted to try to save money on your first home purchase by avoiding real estate agents. And sure, you can save a little bit of cash when you close if you don’t have a real estate agent.

But a real estate agent from an agency like Orlando Hub Real Estate can help streamline the entire home buying process. From explaining basics like how to qualify for a mortgage to setting up open houses, doing price comparisons and more, a real estate agent is indispensable – particularly when you’re buying your first home.

2. Don’t Fall In Love With The First Home You See  

Having your heart set on one particular Winter Garden home is usually not a good idea. This is a hot real estate market – and there’s always a chance that the home you’re interested in could sell before you have the opportunity to put in an offer.

Always make sure you’re looking at a number of different homes for sale in Winter Garden – and keep your options open, in case your real estate agent find a great home for sale at a low price.

3. Make Sure You (Really) Know Your Budget

When budgeting for a first-time home purchase in Winter Garden, you need to budget for more than just your mortgage. When closing, you also need to consider costs like:

  • Closing costs

  • Real estate agent costs

  • Home inspection fees

  • Documentation fees

  • Property taxes

In addition, when budgeting for your monthly mortgage payments, you’ll also want to consider other costs like property taxes, Private Mortgage Insurance (PMI) maintenance costs, and so on. You can use a mortgage calculator to estimate these fees, and build a budget that takes these extra costs into account.

4. Don’t Skip The Home Inspection

Again, a home inspection is absolutely essential when putting in an offer on a Winter Garden home for sale. Without a home inspection, you’ll have no idea what condition the home you’re buying is in. Sure, you can save a few hundred bucks by skipping it – but it’s never worth the risk.

5. Get Pre Approved For A Mortgage

Getting mortgage pre-approval helps you seem like a more qualified buyer, and ensures that you will be able to get a mortgage once you do find the perfect home in Winter Garden. Getting pre-approved also helps you set a realistic budget because you’ll know exactly how much you can spend on your home.

Follow These Tips – And Find Your Dream Home In Winter Garden!

Buying a home for the first time is complicated. So follow these five tips – and make sure you work with Orlando Hub Real Estate during your first home purchase in Winter Garden! If you do, you’re sure to have an easier time managing the home buying process.

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