Advice for first-time homebuyers by John Pjeternikaj

Investing in a home for the first time can be overwhelming and challenging for many people. Several factors that determine beneficial purchases include a lot of analysis, inspection, etc. However, despite these factors, first-time home buyers get some advantages in real estate. To make your buying process easy, John Pjeternikaj has curated a list of facts/tips and advice for first-time buyers.

Here’s a downpour of what you should consider:

Use Financing options than secure financing: First-time home buyers get a wide variety of financing options available with any purchasers. Moreover, many home buying programs offer the lowest down payment from 3% to 5% for first-time buyers. Take into consideration HUD’s resource list, your state’s programs, your IRA, Native American options. Don’t bound yourself with the current financial institution’s loyalty program. Keep your options open.

Make an effective offer: JP Management LLC can help you decide how much money you need to offer for your house alongside additional conditions. The real estate company will present the offer to the seller’s agent. They either accept or present counteroffers. Before submitting an offer, consider closing cost, commuting cost, and additional repair and maintenance costs to create an effective offer. Once both parties agree with the offer, the process will transition into escrow.

Inspection is much needed: Often, people get fascinated by pictures and videos of homes provided by sellers. Rather than inspecting the home, they end up finalizing the deal and then regret it later. According to a survey, more than 50% of home buyers get disappointed when purchasing without inspecting. Therefore, the first-time buyers can ask JP Management LLC for inspection.

Consider asking these questions before buying: First-time Homeowners must determine their long-term goals and see how buying a new home fits into that criteria. People often rush to convert those rent payments into mortgage payments. Consult JP Management LLC before buying to understand and make the right decision. Here is a list of questions that you need to ask before your first time purchase:

• How balanced is your financial health?
• What is your credit score?
• How do you spend most of your income?
• What type of home do you want?
• What are the must-have features for your home?

These questions will help you resolve most of the issues concerning home buying.

Final Thoughts: This article should fill the gap for your knowledge of first-time home buying. John Pjeternikaj advises you to educate yourself and consult a good real estate company for your home buyer to understand and then make your final decision.