To Do List For First Time Buyers

Buying your first home is quite exciting and can often also feel confusing. There are a lot of new terms, procedures, and requirements and it seems like there is conflicting advice too.

To Do List For First Time Buyers

Having enough saved for your down payment, closing costs and reserves is important. There are mortgages with as little down as 3.5% down for FHA. The more money you can put down, the less your mortgage payment will be and the stronger your offer will look.. If you can put 20% down, you will be able to save the MI (Mortgage Insurance). You can ultimately save for a down payment by following tips which include setting aside tax refunds and work bonuses, Building up an automatic saving plan or even see if a family member can give you gift funds.

Another important factor is your credit score. A Higher credit score is equal to lower interest rates. You need to boost your credit score which won't happen overnight because credit score is not your race car where you rev the engine and almost instantly feel the result. Credit scores are more like your driving record: They take into account years of past performance you can find on your credit report, not just your present actions. So stay current on bills, don't make any major purchase, and don’t cancel any credit cards.

Discuss mortgage options and your qualifications with a great lender. After revieweing your financial situation and your goals, the lender can help you decide which loan product is best for you long term. Having a great lender as a part of your team is key. The lender that you are using is often considered when you are in a competitive situation with offers. Before you start looking for your dream home, you need to know what is precisely within your budget.

You will need to have a pre-approval not a pre-qualification. Having a preapproval letter in hand makes you look much more serious to a seller and can give you an upper hand over buyers who haven’t taken this step. Hire the right buyer's agent who should be highly skilled, professional and knowledgeable about the area.

So what type of a home are you looking forward to buying?

We believe in asking you 50 questions and then show you fewer homes that are right. Understanding what is important and why helps us get the picture so we can easily find your home. It's not over yet finding the right community is just as important as locating the right house. So, pick the right neighborhood, research the schools, even if you don’t have kids since that affects a home’s value. Look at local safety and crime statistics. How close are the nearest hospital, pharmacy, grocery store and other amenities you’ll use? Also, drive through the neighborhood on various days and at different times to check out traffic, noise and activity levels.

Now it's time to make an offer, and your agent will help you position your offer so you get the home you love. If there are multiple bids, think about tactics to win over the seller, such as a personalized letter. You don’t always get a 2nd chance.

Once your offer is accepted, you’ll pay for a home inspection to examine the property’s condition inside and out. But not all inspections test for things like radon, mold or pests, so be sure you know what’s included. Make sure the inspector can access every part of the home, such as the roof and any crawl spaces, light, switches, sockets, drains, and toilets, etc. Check windows and doors as well. Attend the inspection and pay close attention. Don’t be afraid to ask your inspector to take a look or a closer look at something and ask questions. No inspector will answer the question, “Should I buy this house?”, so you’ll have to make this decision after reviewing the reports and seeing what the seller is willing to fix.

If you are able to work out a deal with the seller, or better yet, if the inspection didn't reveal any significant problems, you should be ready to close. Closing basically involves signing a ton of paperwork in a very short period, while praying that nothing falls through at the last minute

Congratulations New Homeowner! Now What? You have signed the papers, paid the movers and the new place is starting to feel like home. Game over!   


Treu Group Real Estate's Story | Palm Beach Real Estate
Our business is not about real estate. It is what we do however it is not who we are or why we are in business. Who we are and why we do what we do comes from my desire to create opportunities for clients and team members. Opportunities to help them achieve their goals and make their dreams a reality.
How to Search for a property
Treu Group Real Estate wants to make sure that you can search in real time. This video shows you how to easily search for a home.
Top 3 Things Buyers Should Know
Whether you are buying your very first home or your first home in a long time, we are here to help. You may not know what the expect from the home buying process in the current market. Today, I’ll go over three important things you need to remember before purchasing your home. For example, what exactly does the home inspection cover?
The Experience With Treu Group Real Estate
Are you thinking of buying or selling a home? Aren't all agents the same? Watch this video to discover the little extras that you experience with Treu Group Real Estate. Would you prefer a muffin or a cupcake? The muffin represents what most agents do to sell your home. Treu Group Real Estate is more like a cupcake. How? When you work with us, you get frosting and sprinkles, such as selling for over asking price.
3 Hidden Costs When Buying a Home
Purchasing a new home is a big event in your life. It's not a cheap investment, and there are some unexpected costs that you may not be aware of. Although the appliances and air conditioning in the house may be working today, there is no guarantee it will work tomorrow and if you don't have the money set aside, it will make life difficult for you. Watch this short video and we will explain 3 unexpected costs home owners face after they move in. Be prepared for the unexpected costs of home buying!
Is There A Difference Between a Buyer's Agent and a Transaction Agent
Watch this video to see the difference between a buyers agent and a transaction agent. Aren't all agents the same? No some represent you as a buyer and some represent the transaction. As your real estate expert, we believe you deserve someone on your side looking out for you. The seller pays the commission and yet you have a dedicated buyer's agent that has a proven track record. Our buyer's agents are the top buyer's agent in Palm Beach. Whether you are looking to get the best deal or you just need a buyer
5 Steps to Buying a Home
Watch the video on the 5 Steps to Buying a Home. Your top buyer's agents share the steps to buying your new home. Treu Group Real Estate has broken down this daunting process into 5 simple steps so you know what to expect when you're buying a home. You can read more about the 5 Steps to Buying your Home at You can see all homes for sale and search the mls at This will allow you to know about homes as soon as it is for sale.
How to Buy a Home
Lisa Treu, Top Real Estate Agent shares with Brian Mudd tips to take into consideration during the home buying process. If you follow the proven steps you increase your success dramatically. The steps to buying a home are get pre-approved, schedule a consultation, view the best homes, negotiate the offer and handle all of the closing details. Treu Group Real Estate believes you deserve an agent on your side. These tips and many more can help you close on your home buying experience.
Here's Why More People Are Moving to Florida
Lisa Treu shares the most recent information about more people wanting to move to Florida. Aside from the weather, having the best beaches in the world, and positive tax savings, it is also the lifestyle that does not only make people want to move to Florida, but also makes the people stay.
Benefits of Buying vs Renting
Lisa Treu shares the benefits of buying vs. renting . Buying real estate is one of the fastest ways to build wealth. There are new loan options to allow buyers to purchase a home with less money down.
Florida Homestead Exemption Explained
Lisa Treu, top real estate agents, Brian Mudd, host of WJNO and Dorothy Jacks, Palm Beach County Property Appraiser, shares the latest information about the Homestead Exemption in Florida. This sheds light on Homestead Exemption application and benefits, when does Homestead Exemption start, and so much more!
Home Renovation Series: Your Dream Kitchen
The kitchen is known as the heart of a home and one of the key things that buyers look at when purchasing a home.