First Time Homebuyers
First Time Homebuyers often feel overwhelmed by the decisions that must be made when going through the home buying process for the first time. Jebb & Driggin Realty, Inc. Exclusive Buyers Agency decided to provide the answers to the most frequently asked questions to get you started on the process to purchasing your first home.
Filling out the Pre-Qualification Form is the starting point. The Pre-Qualification process allows your Jebb & Driggin Realty, Inc. Exclusive Buyers Agent to evaluate your "Buying Power" and to calculate what you will need for a down payment and how much your payments will be. This helps to eliminate any "surprises" or disappointments. It also allows you to see the "big picture" before making the important decisions that will affect you for years to come.
Wouldn't it be sad if you fell in love with a home only to find you couldn't afford it? If you know what is a comfortable loan amount and monthly payment would be, it simplifies your home search. On the other hand, you could learn that your Jebb & Driggin Realty, Inc. Exclusive Buyers Agent makes sure you are working with the knowledgeable Loan Consultants whose sole purpose is to structure a home purchase loan to meet your specific needs and you can afford more home than you thought you could.
Pre-Qualification means that you give your Jebb & Driggin Realty, Inc. Exclusive Buyers Agent all the general information about your financial status. "Pre-Approval" means that the Loan Consultant has gathered the rest of your financial records, checked your credit report, your employment status, etc. and the Lender has "Approved" you for a home purchase loan. Think of it this way, Pre-Qualification tells you what is likely to happen, "Pre-Approval" means you have the money available to buy your home.
It depends on your timeline. If you need to move in the next 90 days, your Jebb & Driggin Realty, Inc. Exclusive Buyers Agent will consult with you to help you determine which location is best for you, what style of home works for you and your budget, if you need to be close to K12 schools or universities, and if you want a "move-in" condition home or a "fixer-upper", etc.
If you have more time and would like to start the process on your own, use our "Homebuyer's Wish List".
For First Time Home Buyers, the Commonwealth of Massachusetts sponsors several attractive programs, with down payments as low as 3%. For more information, see the web site of MassResources or contact Seth@JebbDriggin.com.
Be sure to visit our "Homebuyer's Handbook" and "Financial Handbook" to continue learning about your home purchase and we invite you to call us with any questions you need to have answered at (617) 859-0300 or (800) 914-8304. We are here to help!
Jebb & Driggin Realty, Inc. Exclusive Buyers Agents will share their knowledge and expertise with you. Everything you talk about is confidential. Jebb & Driggin Realty, Inc. Exclusive Buyers Agents never share your information with the seller or the seller's agent. Our job is to PROTECT YOU and only YOU!
