Buying your first home?
Let The Brokerage of New England answer some of your real estate questions. Ready to start your home search? Call 203-733-1613 or email BrokerageNE@gmail.com to get in-touch with a Realtor®.
BUYING YOUR FIRST HOME? Purchase with confidence. Buying a home is one of the most significant investments in life. The more prepared you are, the less overwhelming the buying process will be. Our goal is to answer your questions and provide you with detailed information to assist you in marking an intelligent and informed decision when buying your first home.
So start early and be prepared. Be sure you’re getting a competitive rate, understand the fees you're paying and all the other details that come with finding and buying your first home. Here are a few tips to help prepare you for your real estate journey:
GET FINANCIALLY FIT: Start saving and review your credit history. Be sure to pay all your bills on time. If you need, or think you need to repair your credit there are many services to choose from. Need credit counseling recommendations? Contact us
HOW MUCH HOUSE CAN I AFFORD: Know what you can afford before you start looking. This will ensure you don’t waste your time, or set your heart on a home you may not be able to buy. Consult with a mortgage broker, bank, or financial advisor. Recommend you speak with several banks and mortgage brokers to learn about different loan products and terms. They are not all the same. The Brokerage of New England can provide you with recommendations to get you started. Contact us
GET PRE-APPROVED: Once you've determined your budget, you should obtain a pre-approval letter. This letter will need to accompany any purchase offers to demonstrate your credibility as a buyer. You will need to provide your lender with basic personal information, including SSN, employment history, pay-stubs, other income (if applicable), asset information and debt (child support and etc). Need recommendations? Contact us
PREPARE A CHECKLIST: Define the most important home features and begin shopping for your ideal home. By defining these requirements, you won’t waste time looking at houses that don’t meet your needs. Key features include: bedrooms, baths, amenities, garage, age, style, town, and/or neighborhoods.
FIND A HOME: Timeframe on finding a home will vary depending on availability. It is best to give yourself at least 2-3 months. Recommend starting your search with a Realtor®, they can help and guide you through the home buying process. There is no charge to work with one of our Realtors® at The Brokerage of New England. Contact us today to get in touch with one of our professional and experienced Real Estate Agents.
FIND AN ATTORNEY: You will need to hire a Connecticut licensed real estate attorney to represent you with your home purchase. The Brokerage of New England can provide recommendations of competent, experienced attorneys from whom you can choose. Contact us
READY TO SUBMIT AN OFFER: Once you've identified the home you want to purchase, be sure too:
CLOSING FEES: Fees vary, but estimate 3% of purchase price. This is in addition to your downpayment. Ask your real estate agent if a seller concession can be included in your offer to help offset this cost.
PREPARING TO CLOSE: Your attorney will take required steps to schedule closing. During this time, you will need to secure homeowner's insurance and be prepared to pay 12 months in advance. Also, you will need to contact the local utility companies to transfer services into your name. You will want to transfer the accounts a few days prior to your closing date to prevent service interruption.
FINAL WALK-THRU: Your real estate agent will schedule a final walk-thru with/without your building inspector to make sure any repairs requested have been completed, home is still operational and wasn't damaged prior to you taking ownership.
CLOSE: On closing day, you will meet with your attorney to sign the final documents and pick up house keys. Your attorney will record the new deed in your name at a local government office and the house is yours!
Ready to buy your first home in Connecticut?
We are the first BROKERAGE you should talk too. There is absolutely no charge to work with one of our professional and experienced agents at The Brokerage of New England. We have been servicing Fairfield County and surrounding towns for 15+ years.
Call 203-733-1613 to speak with one of our real estate agents today.
The Brokerage of New England | 203-733-1613 | 203-788-8611 | BrokerageNE@gmail.com
Disclaimer: Some properties which appear for sale on this website may no longer be available because they are under contract, have been sold, or are no longer offered for sale. All data on this site are for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. The Brokerage of New England Real Estate Services cannot guarantee the accuracy of the data created by outside parties. The Brokerage of New England Real Estate Services further assumes no responsibility for any misleading content, or incorrectly listed information due to such negligence. All ancillary information presented on this website is not guaranteed and should be independently verified by the users of this site. The Brokerage of New England Real Estate Services makes no warranty, either expressed or implied, as to the accuracy of the data contained within, or obtained from this website. Copyrighted by The Brokerage of New England Real Estate Services © 2015, all rights reserved.
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Welcome to The Brokerage of New England's blog where you will find everything you need to know about your local real estate market, properties for sale, community events, neighborhoods, new construction, businesses, restaurants, lakes, recreation and more. While there are many blogs available to you, The Brokerage of New England would like to be your primary source of community and real estate information.