Colony Title Associates

3 Steps To Purchasing Your Home: First-Time Home Buyers Edition

There are several reasons why the real estate market is appealing to so many people right now. For what feels like the first time since the recession, people are looking to invest their money in real estate, especially first-time home buyers. However, before you start looking for a home to call your own, there are a few things you should be aware of and prepared for.

Usually, word of the mouth is the best way to find a capable agent in no time.

Get Your Finances Prepared

Before you even apply to purchase a property, you will need to have all your finances in order. The first thing you need to know is how much you can spend. What is your budget? Outlining all this information can become incredibly useful in the long-run. Research your credit score and see if you’d easily be awarded a loan or approved for one based on good credit. If you have poor credit you may need to seek help and assistance from someone with a better credit score.

Research Your Real Estate Agent

It can be difficult to find a dream home all by yourself. Usually, you will need to reach out to a real estate agent who has the professional expertise needed to secure a great deal on your dream home. Prioritizing your demands makes their job a lot easier. Know what are your non-negotiables and relay that information to your real estate agent. Make sure this person is qualified and licensed. Usually, word of the mouth is the best way to find a capable agent in no time.

Due Diligence

Just like any other important decision, research is always key. You will want to educate yourself about the property that you are interested in. Educate yourself about the reputation of the builders, the property managers, and the local homeowner association. Knowing all this will give you a leg up when it comes to finding your dream home.

A Title Insurance Company You Can Trust: Colony Title Associates

At Colony Title, we will help you through the process of getting your property’s title and help you avoid the pitfalls of hidden costs while you buy and sell your home. We are also well trained in identifying any and all errors in public records and helping you resolve them. We specialize in real estate title insurance in both Maryland and Washington, D.C., and we will perform an expert title search, check through all past documentation, and examine records for any fraud or forgery. For more information on how we can get you into the home of your dreams, contact us online or give us a call at (410) 884-1160. To get more updates on housing markets and how to get into your home, follow us on Facebook, Twitter, LinkedIn, and Google+.