My Classifieds
|
Members
|
My Messages
|
My Profile
|
My Clipped Ads
Login:
Password:
Register
|
Forgot Password?
Accomodation
Why Spring is the Best Time to Sell Your Home
Unusual Ways to Market Your Home For Sale
Hotels
Hostels
Holiday Flats
Rooms
Apartments
Agencies
Activities
Sports
Sight seeing
Classes
Keep Fit
Language Exchange
Guide
Shopping
Kids
Useful Info
Photos
Sight seeing
Internet Cafés
Restaurants
Cafés
Restaurants
Budget Dining
Travel
Camping
Car Rental
Buses
Trains
Agencies
Arlington VA Realtors
Services
Advertising
Beauty
Business
Catering
Classes
Domestic
Medical
Web Services
Magazine
Events
Classifieds
Advice For First Time
Home
Buyers In Louisiana
Whether it be for investment, for rental or personal, there is an obvious increase in house and property buyers in the most recent years. Before running out to make an offer and a purchase on that lovely house you saw in that amazing neighborhood, there are many considerations to make and things to observe. For example, one of the most common mistakes made by first time home buyers is the failure to take rates into consideration.
Choosing the best
local Louisiana Realtor
who is knowledgeable on the processes, the market and understands best practices to ensure the highest level of content for clients is a step that should not be overlooked. With first time buyers in Louisiana, the Louisiana
Real Estate
Commission (LREC) offers many assistance programs for a seamless process.
The Realtor
One of the most crucial aspects of your process when ready to buy a home is choosing the right Realtor that can present options that are best fitting. It is important to choose an agent that is looking to match you with a home or property that best fits and not just looking to make a sale. To do this effectively, searching should include figuring out the necessary credentials for a Realtor, conduct interviews for potentials, browse current listings and review agent or agency’s online presence before making a decision or entering a contract.
If purchasing in the state of Louisiana, salespersons must obtain a high school diploma or GED, be at least 18 years old, complete 90 hours of education, comply with LREC application procedures & background check, pass a licensing exam and be sponsored by a broker. Even with homeowners looking to sell a home, these requirements are necessary for all Realtors, above being a good fit for your needs.
Whether looking to buy a home or even
sell a home
, the real estate agent must have knowledge or expertise to
market the home
, processes, and mistakes. Most Realtors will agree that a common first time buyer mistake is the miscalculation of interest rates and not having enough as down payment. It is typically recommended to invest at least 20% of the value of the home you’re looking to purchase as down payment.
There are loan programs that offer the opportunity to purchase with between 0 – 3.5% as down payment, but many who took this option have since expressed regret. Most first time buyers or buyers under the age of 35 agreed that waiting to accumulate a bigger down payment would have been ideal. Discussing the best approach and practices in regards to down payments and overall rates with your Realtor and loan company is paramount.
Common Mistakes
Another common mistake first time buyers make while purchasing a home is not
considering USDA and FHA loan programs
. Buying a home can seem like a scary and lengthy process, but purchasing in a city like New Orleans could potential mean landing in a neighborhood close to rivers and lakes with never ending possibilities of activities and history.
In a state like Louisiana, a program like the Federal Housing Administration (FHA) loan program gives those with low credit scores the opportunity to purchase with only 3.5% down and a credit score of 580 or higher. The USDA loan program is a buyers assist program that offers mortgage guarantees to lenders looking to fully finance in rural areas.
If looking to purchase in New Orleans, there are
Louisiana Housing Corporation
(LHC) first time home buyers programs such as LHC Choice Conventional program, Market Rate GNMA program, Mortgage Revenue Bond Assisted program, Mortgage Credit Certificate program, Delta 100 program, LHC Home/MRB program and more. There are many options that offer assistance to first time buyers to ensure an efficient process.
There are countless shocks to first time buyers of houses and property, but there are also certain steps that can be taken to reduce the effects of the shock. As the thought of owning a home and investing for the future is rather excited, it is important to take a step back and consider the necessary procedures that will ensure a seamless outcome. Efforts such as taking time to save at least 20% of the home’s worth, considering and applying for loan programs, finding the perfect Realtor that is knowledgeable will help each the process as saving grace.
As a first time buyer, time to make sure a Realtor is fully certified, opportunities and offerings of any grants, loans or assistance programs that might be beneficial shouldn’t be taken for granted. Realizing that the process is not a race and landing on the perfect fit might take time and hard work is, but it is necessary. The market is constantly evolving and growing, which makes now the best time to start saving or even browsing potential homes for the future.
Total Members in Edmonton: 978
dupey
well i'm 22 i'm kinda new too edmonton juss lookin for ways too meet new ppl and...
Sponsored Ads:
Latest Classifieds Ads
Improve Sales of Stock...
Whatever the product you are selling, we can help ...
* German Sales Represe...
...
ARE YOU TALENTED? IN B...
Are you a confident Native English speaker squ...
French or English (UK)...
Our Company S...
Barcelona Info
Language Schools
Find a Job
Book a Hotel
Shopping in Barcelona
Rooms in Barcelona
Going Out
Barcelona Nightlife
Clubs in Barcelona
Restaurants
Bars & Pubs
Events in Barcelona
Sightseeing in Barcelona
Sagrada Familia
Las Ramblas
Park Güell
Barça FC
Barcelona Beaches
Outside Barcelona
Barcelona Tours
To Costa Brava
Cadeques
Port Aventura
Sitges
Copyright 2011 Go & Connect