Jun. 21, 2012
I’m set to close on my first house this week after a six-month search. While the process proceeded relatively quickly once I found the right house, it hasn’t been without a learning curve.
Even though I read books, scrolled through websites, and watched the TV shows, there were a few things I just had to experience for myself as a first-time homebuyer.
I am fortunate to have worked with a great network of local real estate professionals who helped me through the process. The first step is to find a Texas REALTOR® who understands your needs and then ask him for references.
Someone should make flash cards to help first-time buyers learn the vocabulary. Easement, short sale, escrow, and PMI, for example. But think of the fun you’ll have teaching a friend or family member these terms when it’s their turn to buy!
When we began our home search, I made a list of must-haves. Then, after four months, 12 viewings, and two rejected offers, my must-haves downsized. This set me up to really get down to what’s important to me … and what I could afford.
I’ve heard that most people stay in their first home for about five years. With that in mind, it’s OK if you don’t find a starter home with custom cabinets and a dream kitchen. Your first house is the one that will help you learn what you do and don’t like.
Be sure to stop and enjoy the experience of buying your first home from time to time … after all, you only get to do it once.