First Time Buyers: Prescott, Az

By: Scott Baxter

The first time you purchase a home there is a feeling unlike anything you have ever experienced. There is a joy that can only be explained by people who have experienced the sensation for themselves. However, this is a purchase that must be carefully planned at every step as buying for the first time can bring some unexpected turns. Getting yourself ready to purchase a home requires much more than simply finding the home you like and making an offer. Buying a home is a complex series of events that has to unfold in a precise manner, so the first step anyone should take is to find out about their credit. Your credit has a lot to do with a home purchase as most people cannot afford to simply write a cheque for the total amount of a home, a mortgage will be required; and that required good credit.



Getting a grip on your finances is a good thing to do at any time regardless of home purchases. Find out what your credit rating is and if there are any items that may be causing damage to it. The better your credit rating is, the better your chances of getting an agreeable mortgage. When you start looking for mortgages be sure to acquire what is known as a full pre-approval. This will pre-qualify you for a certain amount which is handy when you start shopping for homes. Once you have your financing arranged you can start shopping for homes that are within the price range that your mortgage pre-approval has defined.

The next part of the process is definitely the most fun. Try to think about home shopping logically. What are your plans for the future? Is there a family in the works? Kids? Pets? You will need to know these things in order to be able to find a home that suits your needs. In buying a home, forward planning is a must. It can be aggravating if your needs and family outgrow the home you have purchased after only a few years. As you move through this process, remember that if you find a home that fits your needs that you will have to make an offer that is attractive to the sellers, especially if there is more than one party interested in the home. Talk to your realtor about how to ensure that your offer is the one that catches the seller's eye.

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