How to Find Your First Home

Although buying your first home and going through the mortgage process can be a somewhat intimidating process, it's only because you've never been through it before. Looking for your first home can be quite exciting.
So where do you start?

Begin to look for your first home by driving around and observing different neighborhoods where you think you might like to live and keep an eye out for "For Sale" signs. If the home offers information sheets, take one so you can compare each of them when you get home. If the information sheet does not have a photo of the house, take one with your own camera. Once you've looked at a dozen houses, you'll forget which one is which.

Another way to look for a home is to check newspaper classified ads, listings on the Internet which you can find at www.WeichertCaton.com.

Why use a real estate agent?

A real estate agent can be very helpful in searching for homes. They can give you the ins and outs of home buying from an experienced professional's point of view. Some people prefer not to use a real estate agent—that's your prerogative. But if you're an inexperienced first-time home buyer, you wouldn't want to be swindled or taken advantage of by a seller's agent your first time out. Be prepared that a portion of what you pay for the home goes to pay for the commissions of both real estate agents—yours and the seller's.

What to Look for in a Home

You hear people say it all the time: "Location, location, location!" But that doesn't just mean where the home is located—it involves everything having to do with the location. When you look at a home, you also have to consider the kind of neighborhood the home is in. Are the other homes well-taken care of? What kind of businesses are nearby? Are there grocery stores or malls that are convenient and easy to get to? Don't forget to also consider:

1. Schools—If you have kids or plan to have them, you'll want to research the school system that's in the area you like to make sure your kids will be getting an education that's up to your standards.
2. Safety—Consider the crime level of the area. When you look around the area, ask yourself if you and your family would feel safe and comfortable living there. Contact the local police department or check the Internet to find out more about the crime level.
3. Traffic—If you like a particular area, think about the traffic level. If you lived there, what route would you take to work? How long would it take you to get there? Does the traffic create too much noise (if you're, say, next to a highway or set of railroad tracks)?
4. Local Property Values—Find out what the rate of home appreciation is in the area and how much people are paying in property taxes (since these taxes may be factored into your monthly mortgage payment). New construction or new homes may indicate a possible increase in property values (as well as traffic) in the future.

For more about home buying, visit WeichertCaton.com.

WEICHERT, REALTORS® - Caton Properties Home Buyer Tips

Experienced home buyers know that one of the first steps in beginning a successful search for a new house is taking a hard, objective look at finances. Determining how much money you can dedicate to the purchase of your new house affects almost every aspect of buying a new home - including how we write the offer, which mortgage programs you will qualify for, shopping for the best mortgage loan and which homes are truly in your price range.

Here are the questions that each home buyer should ask:

* How much cash is available for a down payment? The amount you have available for a down payment will affect what types of loans for which you can qualify. Learn more.
* Am I ready to write a check for the earnest money? Earnest money is a cash deposit made to a home seller to secure an offer to buy the property. This amount is often forfeited if the buyer decides to withdraw his offer.
* How much additional cash will be available to pay for closing costs? There are certain standard costs associated with closing the sale of a house. These fees are split between the buyer and the seller, as spelled out in the sales contract. Learn more.

WEICHERT, REALTORS® - Caton Properties offers Home Buying Seminar

"Our seminar is designed to illuminate the home buying process," said James M. Weichert, president and founder of Weichert®, Realtors. "Whether you are an experienced buyer or looking for your first home, we want to let all prospective buyers know about the remarkable opportunities that exist in today's housing market that can allow you to purchase the right house at the right price and with affordable financing."

This free, no-obligation seminar will include a brief presentation followed by a question and answer session. At Weichert, Realtors - Caton Properties, Broker William J. Iampieri will give a seasoned insider's perspective on what's happening in the local real estate market in terms of home availability, prices, and trends. The seminar will also touch upon "the Weichert difference," clarifying how Weichert® can simplify the home-buying process and play a pivotal role at every stage.

With mortgage financing being a key component of most home purchases, the "It Pays to Ask" Home Buyers Seminar will discuss the essentials of securing home financing and will explain why, even in a "buyer's market," it's advisable to get an analysis of your "buying power." At WEICHERT, REALTORS® - Caton Properties, Sr. Loan officer from Transcontinental Lending Group will be on hand to share valuable insights with interested buyers. Transcontinental Lending Group will explain their personalized approach to mortgage financing and how buyers can benefit from purchasing in today's market.

At the conclusion, attendees will have the opportunity to schedule a financial consultation for a free mortgage credit decision. Coffee and Donuts will be served. To reserve your seat at WEICHERT, REALTORS® - Caton Properties Home Buyers Seminar and get your FREE Home Buying packet, fill out the form below. For more information, Click Here