Essential Tips for New Buyers in Florida

Buying a new home can be a daunting task. And if it’s your first time, the process can seem even more overwhelming. Fortunately, with a little of help, you can be one of the countless people who have successfully bought their first home.

At ATR Group we want to share with you some tips that can be of help trough this process.

The budget

First you may want to check your credit report and consider all the negative marks. Maybe this won’t exclude you from getting a mortgage altogether, but it will mean a higher interest rate and fewer mortgage options.

Next you will need to consider your down payment, this will have a huge impact on what you are able to afford. This will depend on the type of mortgage you choose and the lender.

You will also need to consider the closing fees to pay when the mortgage is finalized, and they typically range from 2% to 5% of the loan amount.

The mortgage options

There are a number of loan options you can choose from, all with different features. As a first-time homebuyer in Florida you may want to check the Florida Housing and also you can visit the National Mortgage Programs available.

Choosing your dream home

Once you know which is your price range you can start to think about the right type of house and neighborhood that best suits you.

Remember to ask about the type and age of the electrical and plumbing systems and the roof.

And consider the amenities in the neighborhood that are important for you.

But most important of all: Don’t forget to stick to your budget!

Having a Home Inspection

Many don’t even consider it, but having a professional home inspection is very important. It will help you to prevent a lot of headaches and also can help you in the negotiating part. In the official website of the Florida State Home Inspectors you can find information about what covers a typical home inspection and what you should expect.

With these simple but essential tips, we want to make buying your new home easier.

At ATR Group we also want to guide you throughout the entire process of buying your first home. We understand what it means to you and we are committed to making this process more enjoyable.

Let us be that little help you need to successfully purchase your dream home!