Conyers First Time Home Buyers

Congratulations on your decision to buy your first home! As your REALTOR, my job is to not only educate you but to make the buying process as easy as possible. Over the years I have helped hundreds of 1st time buyers.

You're excited, but at the same time anxious. The home buying process can be overwhelming, but if you go into it prepared, your first purchase can be a good experience. Once you have read through the information below, I recommend you contact me for a buyer consultation.

This service is FREE and takes about an hour. Whether you are buying now or in the near future, I guarantee you will walk away with a much better understanding of what you need to know about buying a home. Here are some things to consider before making the plunge.

Do I need to be pre-approved for a mortgage?
Fear of being rejected for a home loan is one of the main concerns for first-time home buyers. To lessen the stress, you may want to get pre-approved for a loan before looking at prospective homes. This will not only help you feel more confident, it will also give you an advantage when there are multiple offers for a specific home. The fact that your loan has already been approved is of great value to the seller: because it shortens the purchase process and there is less of a chance that the buyer will back out of the sale. To begin your pre-approval process now, click here.

How much is my mortgage payment?
The costs involved in the purchase of a home can be overwhelming to first-time buyers. However, with my help, you can calculate out how much you will be able to pay each month in mortgage payments, and from there, what prospective homes offer a feasible payment plan. Check out our morgage calculators.

How much is my down-payment?
The down-payment amount varies depending on the value of the home you choose and your mortgage lender. And in some cases, first-time home buyers can purchase a home with no money down. Although it varies from state to state, most offer government-funded programs for first-time buyers that help people buy a home with no down-payment. As your Buyers Agent I will be able to explain the different options available to you.

How much is my closing costs?
First-time buyers often forget to consider the closing costs when making an offer on a home. Paying closing fees of up to 10 percent of the home sale amount is not unusual. Add that to the down-payment and you'll have quite a sum to raise before the final papers can be signed. However, a smart first-time buyer takes this into account before making an offer, and with my professional help, the costs can be estimated in advance.

Finding the right financing option?
While finding the right home financing option that best suits your needs can be a complicated process, your local Mortgage consultant can help you find the financing method that works for you.

How do I make an offer on a home I like?
Don't feel pressured into making an offer on the first home you see. This is a common mistake of many first-time home buyers. Make sure you view different homes to get a feel for the marketplace. When you do decide on a home to make a bid on, I will work with you to get all of your questions answered first before making an offer. But don't wait too long to make an offer. The longer you wait, the greater the chance other prospective buyers may place offers, making it harder for you to negotiate a good deal.

Do I need an Inspector?
Buying a "problem" home is another fear of first-timers. A home that needs major repairs can become a costly venture. And, unless the asking price is adjusted to reflect the hidden repairs needed, chances are the home is not worth as much as the seller is asking for it. To avoid unfortunate surprises, I may advise you to hire a home inspector before making a serious offer. That way, you know what you are getting into.

Are there special gift programs for 1st time buyer?
Yes, there are several programs available - FHA , Nehemiah Program, Neighborhood Gold and Ameridream, just to name a few. You may also be able to get a $5,000 grant toward your purchase. However, many items play a part in determining which program is best for you. Let me help you contact our mortgage specialist for details.

How much money will I need?
This depends on the type of financing program. I can help you determine these amounts during the consultation. You'll need to cover:
1. down payment
2. closing costs
3. prepaids and escrows (these include taxes & insurance)

Do I pay the Realtor?
No, my service is FREE to you. The seller pays the fee.

Will I save money going through the listing agent?
No, in fact the listing agent usually represents the sellers best interest. Their job is to make sure the Seller gets top dollar. You need someone to represent you during the transaction through Buyer Agency? Contact Kean Rolston for Representation.

Should I get pre-approved for a mortgage?
Yes, you can contact me by e-mail  or by filling out this quick and easy form for assistance in finding a mortgage specialist. They'll meet with you and explain the various programs available. Many lenders do this via the telephone but leave out many important items. Many lenders also specialize in refinances and do not know the programs available for first time buyers. The mortgage specialist will educate you on the process.

How much can I afford?
Lenders look at six factors and your debt-to-income ratio. To calculate yourself click here .

Is spring the best time to buy?
Spring is usually a busier time because people want to get moved before the school year starts, it's not actually the best time to buy. Houses sell ALL through the year. The best time to buy is when you are ready.

Should I use One Realtor?
Yes, otherwise you will see the same homes over and over. Real Estate agents belong to the MLS (multiple listing service) which gives them access to ALL homes currently on the open market, regardless of who has it listed. You should hire one agent to represent you and only look at homes with that one agent.

Do I need good credit?
Mortgage companies use your FICO score to determine what type of program you qualify for. Some programs allow lower FICO scores and some simply just raise the interest rate.

Renting vs Owning!
If you own a home you will save a significant amount of taxes.

There are no sillly questions
Above all, remember that there are no silly questions. Make sure you understand and are comfortable with every aspect of the transaction. As your Buyers Agent, I can be an invaluable asset in helping you make educated decisions so that your first-home purchase is a rewarding experience.

Contact Me
I'm sure you have many more questions and I would be happy to answer them. If you would like to set up your initial consultation contact me on my cell at (678) 313-9431 for a quick response or TOLL FREE at (866-238-7103 Ext: 111 or you can reach me via e-mail.

Here's what one of our most recent First Time Home Buyers had to say.... "You combine perfectly the down to business professionalism, with personal involvement and empathy that is essential for the First Time Buyer. You were always right there for us to clarify all aspects of the buying process and worked diligently on our behalf. We appreciate all your efforts and we are so pleased with our new home. Thank you," The Smiths

Tell Us About Your Dream Home
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Kean Rolston Email At: Coldwell Banker Bullard Realty info@homesbykeanrolston.com 1070 Iris Drive Phone: Conyers, GA 30094 (770) 483-3939 Ext: 112 Cell: (678) 313-9431 Toll Free: (866) 238-7103