First-Time Home Buyers Benefit From an Expert Realtor

Buying your first home is very exciting, and truly a significant moment. As a first-time home buyer, it is natural to feel overwhelmed with all the decisions that will need to be made throughout the process.

The amount you can invest, the realtor you work with and the neighborhood you choose will all play a part in the process. First-time home buyers in North Texas have an array of properties to choose from in many communities. At D&R Home Solutions we have specialized knowledge in these North Texas communities – Allen, Carrollton, Frisco, McKinney, Lewisville, Little Elm, Plano, The Colony. We have gathered all the important facts on these communities to make your home buying decision easier.

Tips for First-Time Home Buyers

Understanding the home buying process will make buying your new home straightforward and enjoyable.

Save for a Down Payment & Closing Costs

Your ideal house may come along at any time, so you’ll want to be ready. When getting a loan, there are fees such as closing costs you’ll need to pay for yourself, while the bank may additionally require a down payment. Many apps can help with budgeting and tracking expenses to help you save for your new home. Using a mortgage calculator can help you determine how much money you’ll need to have each month to make house payments.

Don’t Overextend Yourself

Naturally, you want your first home to be just right. Be wary of overextending yourself though, as this could cause a struggle to keep up with mortgage payments. Keep in mind that everyone has a starter home. Most live in their first home an average of 13 years. Once you get into your home, you’ll discover other features you would like to have in your next home.

Think About the Long-Term

Consider the long-term factors that influence the type of home you need, and its location. Factors could include starting a family, quality of schools, local job prospects and more. Once you are aware of the long-term factors, it will help you decide on the best community and the right home.

Choosing Your North Texas Realtor

As a first-time home buyer, the realtor you choose is particularly important. D&R Home Solutions understands the needs of new home buyers and the importance of working together to find your first home. Here are some of the important aspects a realtor covers.

  • Communication
  • Local Knowledge
  • Reliability
  • Negotiation Skills
  • Recommendations and Testimonials

Getting the Right Price for Your New Home

Negotiating the price you’ll pay for your new home is an important component, and having a qualified and experienced realtor is essential. A realtor familiar with the area will understand the home values in the area and how the homes are selling, and will be able to secure a fair price.

Make a New Home Owner Budget

It is not only the house that will require investment. Once you get into the new home, you’ll need to purchase items you might not own, such as a refrigerator, stove, washer & dryer. Additional items like trash cans, cleaning supplies and lawn equipment can add up quickly. You don’t want to end up in a beautiful home, and be unable to properly take care of it. Make sure you have a plan and budget for purchasing these items as you need them.

Common Questions From First-Time Home Buyers

There are many excellent choices among our featured communities. For instance, Little Elm, Frisco and McKinney are popular choices for first-time home buyers. We can advise further after assessing your budget and individual requirements.

Your D&R Home Solutions realtor will look at the price that homes in the area are selling for, and factor in housing demand and other elements – such as your budget – to recommend a competitive offer. Ultimately the amount offered is your decision, but we’ll use our expertise and experience to make a qualified recommendation.
Some homeowners will automatically include these in the sale of their home, while others will not. When making an offer, we can negotiate that as part of the purchase if you would like.

Thinking About Buying Your First Home?

D&R Home Solutions works with first-time home buyers to make the experience as painless as possible. Call our team today at 214-494-6222 and we can walk you through the process. Or simply complete our home evaluation form. We’ll help you secure the North Texas home of your dreams.