Coldwell Banker Residential 26
Dawn & Dennis Martin- The Martin Team, Coldwell Banker Residential 26Phone: (303) 870-5896
Email: [email protected]

Tips for First-Time Homebuyers

by Dawn & Dennis Martin- The Martin Team 01/12/2020

Photo by Fizkes via Shutterstock

If you know absolutely nothing about buying a house, don’t learn the hard way. There’s plenty of information available to help you avoid the many potential pitfalls in the process. You want your first home buying experience to be exciting, not exhausting. Here are some tips to get you started the right way.

  • Know when you’re ready. Sometimes the pressure to buy comes from well-meaning family and friends. Even your boss might press you to buy a home. But there are personal and financial milestones you need to pass before jumping into the housing market. These include paying down debt, monitoring your credit report and credit scores and freeing up cash to save for a down payment. If you can’t adjust your cash flow so that you can set some funds aside, you may not be ready to buy a home. Yes, there are zero-down and low-down-payment loans out there, but you still have closing costs, taxes, insurance and maintenance to cover. If you’re not there yet, start by making small adjustments to your financial picture. Trying living on a budget. You’ll find plenty of apps online or for your phone to help you follow the money. Once you know where your money goes, you can redirect it to where you want it.
  • Learn what you want. While you’re working on your financial adjustments, start visiting open houses. Go to single-family homes, new builder developments, condominiums, townhomes, patio communities and hi-rise buildings. Keep a list of what you like and dislike about each. Then, consider the time it takes to maintain the property. Calculate the hours spent mowing the lawn or caring for landscaping, or the cost to have it done for you. Consider if you want a ready-to-live-in home, or if you’re up to the challenge of a renovation. If so, will you do the work yourself or hire out to have it done? While not a perfect depiction, watch television shows about home renovations and remodels. You’ll see some of the disasters that might be lurking behind an innocent-looking wall.
  • Hire the right help. Buying a home for the first time is not the time to go it alone. Hire a professional real estate agent that represents buyers. You need someone in your corner during negotiations and the contract process so that necessary paperwork gets completed and a seller’s potential lack of disclosures doesn’t slip by you. Your agent can refer a home inspector to find out everything that might need repairs. Then they can negotiate for you to get the price reduced or the item fixed during the closing process.

If you follow these suggestions, when your agent finds the perfect home, you’ll be ready to take the exhilarating leap to purchase your first home.

About the Author
Author

Dawn & Dennis Martin- The Martin Team

A Winning Tradition Together, Dennis and Dawn Martin represent a winning tradition for home buyers and sellers throughout the Denver Metro area. Like the great Rocky Mountains themselves, this father and daughter business team continues to stand tall when it comes to providing the highest level of real estate service possible.  

Competitive, caring and fiercely committed to always going the extra mile on behalf of the people they serve, Dennis and Dawn view each client they serve as another member of there extended family. They believe great service stands the test of time, which is why they're always looking for new and better ways to improve on there already high standards.  

It's also why so much of their business comes from referrals and past clientele. Call them before your next move and put their winning traditions to work for you.  

A Fitting Partnership As native residents, Dennis and Dawn Martin are proud to be part of this rich heritage, Indeed, those who know them best will tell you they are yet another great Rocky Mountain tradition,  That's because this unique father and daughter business team have been making a positive difference in the lives of local residents throughout the Denver Metro area for several generations.  

The Martins like to refer to their service as "Hi Tech and Hi Touch. Dawn is the computer savvy entrepreneur who utilizes the very latest technology to streamline the home buying an selling process for clients,   Dennis the hands on consultant who pride himself on his extremely personal and caring service. For clients, however, it's really the best of both worlds, which is why so many people , including their kids and grandchildren, return to the Martins for all their real estate needs.  

So when you're ready to buy or sell your next home in the Denver Metro area, tap into another great Rocky Mountain tradition. Give Dennis and Dawn Martin a call. With over 50 years of local real estate experience between them they represent A Winning Tradition for home buyers and sellers alike