kirkland washington homes for sale

Tips for First Time Buyers

  It can be exciting and terrifying to make the decision to buy a home. Many people literally have sleepless nights and panic attacks over this. But it really is not anything to stress about. Buying can be a wonderful and joy filled time to not only put you and your family into a home of your own but also to make the best and biggest investment you can.

Buying a home is so much more than buying a couch or chair. It has real wealth attached to it and will build in that wealth and equity with each year. Its a great way to build your credit, your reputation and of course your family if need be.

The very first step in the process is to know your finances. Its best to go over your credit reports and budget before sitting down with a lender so you know exactly what your income and outgo is and even if buying a home is a feasible option now.

Find a good lender that can also help you along the way if you are not quite ready to buy. They can work up a time line for you and steps to get you where you want to be quickley. Buying a home is a large purchase and you want to be well in control of your money before attacking something like a mortgage.

Once you have a good idea of your finances and a lender has looked them over, you should be issued a pre-approval letter. This will tell sellers you are a serious buyer that has done their homework. It puts faith in you as a buyer that you know the details of buying a home.

It helps to have some liquid cash on hand for things such as earnest money deposit. Although this money comes back to you at closing toward your loan, having a deposit of 1-3% of the purchase price looks good to sellers as well. Having funds available for an inspection is also a good thing to have.

As with any Kirkland real estate transaction, we are here to help every step of the way. We want to be the reason you buy in on the Eastside. We pride ourselves in excellent customer service and assisting you through every detail! Give us a call today!