There’s not many more exciting things than buying your first home. Since the market correction that began in 2006 many people are now finding themselves in a position to buy as opposed to feeling locked out of an ever rising market.
Forbes came up with 10 tips for first time buyers. Read the list here.
One point I’d like to add is about short sales. A lot of first time buyers are looking for a bargain which is understandable and short sales, lender owned properties and auctions can seem attractive. Just a word of caution, this process can take a long time and you are normally buying ‘as is’ with no warranties. Also for banks when selling their inventory cash is king, so if you are bring a non cash offer it can often be ignored in favor of a cash one.