If you or someone you know is considering buying a home for the first time, there are a few things you need to be aware of. Here are our top three tips to protect first-time homebuyers:

  1. Know what you can afford. This doesn’t just include your mortgage payment. You need to make sure you can afford that in addition to property taxes, utilities, and various other maintenance fees.

“HOME VALUES HAVE BEEN INCREASING YEAR BY YEAR IN MEMPHIS.”

  1. Choose your lender wisely. Online lenders aren’t always the best option, even if they advertise the lowest rate. You should really get a recommendation from a Realtor or some other person you trust. Local lenders tend to work best in terms of being able to close on time.

  2. Don’t overlook the details. Purchase contracts have a lot of them. Take your time to read through it carefully and don’t hesitate to ask your Realtor any questions you have.

These are just three tips for successfully buying a home for the first time. If you would like some more tips or just have a question, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.