To-Do List for First Time Buyers

First time buyer tips

SAVE

  • Down payment.
  • Closing cost.
  • Escrow for insurance and taxes.
First time buyer tips

IMPROVE CREDIT SCORE

  • Stay current on bills.
  • No major purchases.
  • Don't cancle any cards.
  • Higher credit score = lower interest rate.
  • Find out your credit score -https://www.creditkarma.com/
First time buyer tips

CALCULATE

First time buyer tips

GET MORTGAGE PREAPPROVAL

  • Shop for the best deals.
  • Choose primary and backup lenders.
First time buyer tips

DECIDE: WHAT YOU WANT IN A HOME

First time buyer tips

CHOOSE A REATLOR: SILVESTRI TEAM

Two is better then one! The Silvestri Team will be there to walk you through every step of the transaction. 
First time buyer tips

VISIT HOMES

First time buyer tips

NARROW CHOICES

  • Visit the neighborhood during the day and at night to gauge traffic, noise, etc.
  • Test commute.
  • Consider resale value.
First time buyer tips

MAKE AN OFFER

Common contingency opt-outs:
  • if home appraises for less than mortgage.
  • if inspection reveals flaws owners wont fix.
  • if you lose your job before the deal closes.
First time buyer tips

SCHEDULE HOME INSPECTION

It is important to hire a home inspector as they will do a thourough search of the property to identify any health and safety problems, positive or negative.


First time buyer tips

MAKE FINAL WALK-THROUGH

  • Test light switches, sockets.
  • Check that windows and doors work.
  • Test faucets, drains, toilets.
First time buyer tips

CLOSE AND MOVE IN!