First-Time Home Buyer

Buying your first home is an exciting, thrilling step, but it can also be incredibly intimidating and confusing if you aren’t adequately prepared. To help streamline the process and make your home-buying process as easy as possible, follow these tips from the real estate professionals found on Allston Pads, specializing in homes for sale and rental apartments in Boston’s Allston-Brighton neighborhood.

First Time Home Buyer Home for Sale Allston

As a first-time homebuyer it is important to evaluate what your long-term goals are with this life changing investment and how home ownership fits in your plans. It could be that you want to convert your rental payments into a tangible asset with a mortgage payment or even seek more independence from the rising cost of living with your own income property. Typical obstacles for many first time home buyers are insufficient or poor credit history, saving money for a down payment and finding affordable options in the Greater Boston real estate market.

Tips For First-Time Home Buyers

Allston is one of the more affordable areas in Boston, but it’s still a good idea to take a hard look at your financial situation to establish your price range before you start looking at homes. Figure out how much down payment you can afford, and what kind of mortgage payment will fit comfortably into your budget. As a homeowner, you’ll also be responsible for all repairs and upkeep, so remember to factor that into your financial projections.
There’s no more disappointing home-buying experience than finding your dream home and settling on a price you think you can afford, only to have your mortgage application denied. Getting pre-approved by a lender will help you avoid this terrible situation and make your home-buying experience much less stressful. Pre-approval also lets sellers and real estate agents know that you’re a serious buyer, putting you in a much stronger negotiating position.
Home-buying is not only a major investment, but can also be a complex process without the proper assistance. First-time home buyers should enlist a qualified real estate agent to champion your interests throughout the transaction, while helping you avoid mistakes that could have serious consequences later on.
If you’re buying a home for the long term, consider your future needs, not just your current lifestyle. Shopping for a larger house if you intend on adding family members, getting a pet-friendly home if you plan on having dogs, and allowing room for your life to grow will ensure a happier life in your new home.

Allston Pads Buyer Resources

Buying a home could perhaps be the biggest purchase of your life so you want your home that fits your needs and wants as closely as possible while remaining somewhat flexible based on your budget. The basics include your preferred neighborhood, size and the permanent fixtures or amenities in your home. The professional sales agents found on Allston Pads can guide through the process and protect your interests with their expertise in the Allston and Greater Boston real estate market.

Use our property search, sign up for property updates and use our mortgage calculator to assist you through the first stages for looking for a home to purchase.

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First Time-Home Buyer Information