First Steps for First-Time Home Buyers

Charles Martinez is an Asheville realtor. Free consultation is available by contacting him at [email protected].

by Charles Martinez, Realtor

Buying your first home

Simply thinking about, or actually saying, that phrase can be overwhelming for even the bravest of new buyers or wishful renters.

In today’s real estate market and overall economy, potential buyers are hearing many confusing and contradictory messages. Fortunately for Asheville and Buncombe County area residents, statistics on home sales and prices that apply to most of the rest of the country don’t impact us quite so much.

With area home prices and mortgage interest rates among the lowest they’ve been in decades, this is an excellent time for first-time buyers to make the most important investment in their lives. For many people, monthly mortgage payments can be lower than monthly rent! And numerous loans and funding sources can help first-time buyers achieve their homeownership dreams.

So how do you start on the path to home ownership? My most critical
recommendation is to find a licensed realtor with a solid reputation as a
buyer’s agent. Many new Americans who have little or no experience and
understanding about the home-buying process are uncertain about whether
they can even qualify for a loan. Many also need answers on how to
overcome the legal questions about a home purchase, and how or where to
find a home they love and can afford with their particular budget and/or
personal needs. A licensed, experienced, and qualified buyer agent
should be your strongest advocate when you shop for a home.

A buyer agent can help you understand the roles and legal
responsibilities that a realtor has to his or her client. Your agent
will help you understand basic questions about renting v. buying, Fair
Housing laws, and how to begin qualifying for a mortgage.

Hiring a buyer agent does not cost you anything, because his or her
commission is paid by the seller—once your home purchase is completed.
But as you begin your home search and move toward a purchase, the buyer
agent’s knowledge, experience, and negotiating skills will protect and
guide you. That’s why it’s important to start your home search by
finding the right realtor to guide you as you begin your homeownership
journey.

For more information on home ownership contact Charles Martinez at (828) 367-8462, or visit www.charles.exitasheville.com .