Deciding On Your First Home

May 30, 2012 by  
Filed under Real Estate Information

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Ready To Leave That Apartment?

Now would be the absolute best time to find your first home. Starting your search as a first time homebuyer is a vital part of growing a financial base and credit rating as well as moving you into a comfortable space you will love. If the time is right for you to find your first home, there are a number of things to consider before you pull the pin on that first contract.

Prior to viewing any new home, make sure you begin looking at the process carefully and with a sharp eye. Learn what the mortgage rates are and how the general home financing scene is fairing at that time. Know what other buyers are paying for mortgages monthly and decide what an affordable monthly number is for you and yours. You need to understand the real estate market for the kinds of property that interest you and determine if you can afford these or look at something less expensive.

When you learn the basics of your market and what is for sale in the district you desire, your search will be adjusted in your favor considerably. Make certain of what your credit rating will look like to a lender and you better ask yourself are your paychecks going to be secure for a time. Biting off more than you can chew for your first home can be a disaster and lead to unexpected hardship at closing or some point thereafter and put you back financially for years.

At this stage of the first home buying process the situation widely depends on the professionals you line up as allies to your cause. The biggest decision is finding the best realtor for you. Having a good agent can make all the difference in the way your transaction turns out, the style of home you buy and the home financing you receive. A good realtor will find you the absolute best home in short order after determining your resources and living needs. Ask your agent if they have links to home inspectors and mortgage lending institutions. The professionals you recruit to help you find your first home can decide if problems will develop and mean the difference between a poor deal and a great deal.

Prior to or during the process of looking at homes, be sure you understand what is being discussed around you – learn the terminology in finance and real estate. Real estate market terms and mortgage language can be tricky so ask as many questions as you need to – there is no such thing as a stupid question. This is a big step in your life so understand each step of the experience.

Buying your first home can be a real trip, it should be an adventure and a bit challenging, but not a hardship. Be confident in your actions and understand all of the procedures as you encounter them. Knowledge is power so empower yourself before you even begin your first home hunt and get precisely what you are looking for.

Expert Answers Your Real Estate Questions

James asks…

Can you find homes for sale in Pittsburgh on Realtor.com?

I am just curious… I have been trying for several days to find listings of homes for sale in Pittsburgh, PA, but the site says there are only 30 or so homes for sale. I know there are thousands. When I search other cities, the site is fine. I am not changing any search options. If you try to search for Pittsburgh, are you coming up with a small #, or the full list? Thanks.

The Expert answers:

Hi,

Get filtered homes for sale in Pittsburgh or any province of US or any region of the world right here http://realageads.com/free-ads/

Realageads focus is to give exact information to the world Real Estate market. We research and get you news, articles, rebates, offers from creative service providers to the Real Estate Industry. You can find us for latest trends in anything around real estates and property

All the best

Betty asks…

I just listed my house on the MLS service, How long does realtor.com take to pick up the MLS? ?

I just listed my house on the MLS service, How long does realtor.com take to pick up the MLS?

The Expert answers:

I was just looking thru realtor.com to see who the agent was on a house i am looking to buy and it wasnt even on there. Although i looked through another MLS site and the homes been listed on that site for 5+ months!!

Laura asks…

What is a website that I can look for houses for rent in Beckley WV I tried realtor.com and craigslist.com ?

I need some other websites so I can look for rental properties I have already tried Realtor.com and Craigslist.com is their any other websites that I can go to and look

The Expert answers:

Here’s a couple links that may help you.

Http://www.rentals.com/West-Virginia/Beckley/

http://www.rentalads.com/rental-properties/West-Virginia/

Depending on the size of Beckley, you may need to look in other towns/cities that are close by in order to find something at first. Hope this helps you. Good luck!

David asks…

Is there a better website to access houses for sale in southern california than realtor.com?

I noticed realtor.com has lots of outdated and missing houses for sales. Is there a free website I can access that’s close to MLS? I need a link please.

The Expert answers:

Do not go to a discount brokerage of any kind to get information. Look at it this way, the sellers are represented by a professional negotiator who specializes in real estate. You want a professional negotiator who specializes in real estate working for you. The best way to find a home is to contact a Buyer Specialist at a reputable real estate brokerage.

I do not know what area of So. Cal you are talking about, but as a Realtor myself for 16 years, (yes I am a professional negotiator) I would contact a specialist in the area I was moving to.

By the way…Realtor.com is pathetic. There is one heck of a lot of outdated listings. It is not as automated as they tell us Realtors it is. Bag it. It is a waste of time.

Maria asks…

I have an excel doc with thds of addresses is it pos to set up excel to go to realtor.com and bring back data ?

The only data I want to search is zip code and property square feet and bring back the first five prices and put the into excel. is this possible.One problem I see is in realtor.com the square footage is a drop down menu.

The Expert answers:

It may be but more amd more sites are making it difficult to extract data from their web sites to prevent copyright infringement. You need to consider first whether your intended activity would violate such rights of realtor.com for two reasons.

The first and it should be the most important is the question – is what you are doing legal and ethical.

The second is the question of consequences. There is a small chance that you could be discovered and taken to court. There is the chance that the time you spend trying to download the data will just be wasted. There is a chance that after you have spent hours developing a working solution, the web site will be changed in a way that completely stops it from working.

Be aware that the last chance exists even where what you want to do is completely ethical and legal.

If you decide that what you want to do is ethical, legal and worth the risk then you can

Start macro recording to capture what you are doing.

Select Data > Import External Data > New Web Query

Navigate in the browser that pops up to the information you want to capture and see if you can select it for import. If you can, then complete the import and look at what shows up in your Excel worksheet. If that is usable, then continue developing and testing. If it is not usable, you can retry until you decide that it is very unlikely that you will be able to get what you want.

Another option you should consider would be to contact realtor.com about how they could make the data you need avaialbe at a reasonable cost.

Good Luck

Sandra asks…

what is the best website (except for realtor.com) to look for homes for sale?

The Expert answers:

Theres yahoo real estate. Its about the same as realtor.com.

Lizzie asks…

Does anyone know any websites other than realtor.com that has rental properties on it?

I am looking for rental houses in maryland and I found a website called realtor.com and I am trying to find others if anyone knows any please tell me and thank you them

The Expert answers:

Try craigslist, rent.com, apartments.com…. There are also search engines on MSN and Yahoo for rentals across the country.

Daniel asks…

where is the realtor.com for biddeford, maine?

my daughter is buying one of the houses on this realtor’s city

The Expert answers:

You question isn’t really clear, but does this help?

Http://www.realtor.com/FindReal/WhichPages.asp?mls=maine&st=me&poe=realtor

Carol asks…

Where can I find out the MLS# for a home for sale(other than realtor.com) if I provide the street address?

The Expert answers:

Call an agent in your area… They can probably look it up for you.

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