Jeanne Whipple, Philly Home Girls Team Leader, recently participated on the panel discussion Home Buying 101. It served to demystify the home buying process for those interested in purchasing their first home. We are expanding the discussion into a series where we can explore this process in further detail given today’s social and economic nuances.
The truth is, we live in a world where student loan has surpassed nearly every type of consumer debt, the percentage of young people married and living on their own has dropped by more than half since the 1960s, and most Americans under the age of 35 do not have enough saved for down payments.
Gulp. Hi, that’s me.
That’s why we’re here. The good news is that with expert guidance and support, you can work through this. Promise.
IN THE FIRST PART OF THIS SERIES, WE WILL DISCUSS: Choosing a Realtor
Do I really need a Realtor? I see so much online including a few homes that appeal to me.
Buying your first home is too big a purchase not to use professional help. When you hire a Realtor/Buyer’s Agent, you are choosing to work with an expert who will work to protect your interests. Also, home buyers do not cover their Buyer's Agent's fees. The seller of the house does. So, you're not on the hook for that.
As Buyer's Agents, our work for you spans:
Pointing out the strengths and weaknesses of any properties you consider
Analyzing market data to determine an appropriate offer price
Negotiating on your behalf to help you obtain the most favorable terms and price
Recommending other professionals associated with the purchase based on our experience, including title companies, inspectors, lenders and insurance carriers
Providing expertise and counsel to assist in your purchase
Things to assess when choosing a Realtor:
Your Realtor should be willing to meet with you face to face. At PHG, all of our agents encourage face-to-face buyer consultations so that we can get to know you, your preferences, and motivations and reasoning for the decisions that come together in the ultimate decision of buying your first home.
Your agent must be an expert negotiator and advocate of your best interests once contracts come up. How well do they know the areas you want to live in; how well do they listen to you? Do they seem to understand or even care about what you want, and more importantly, why you want it?
Because here’s the thing: Yes, buying a home is a huge part of your financial picture. However, it’s not just a monetary transaction; it’s a deeply emotional process. Your PHG agent is there to provide expert, objective feedback that’s still relevant to you.
If you haven’t already selected a neighborhood, your agent will be able to consult you based on your lifestyle and budget.
Once that’s set, it’s time to go shopping.
The Philly Home Girls are dedicated to selling real estate differently. Building strong, authentic relationships with our clients is an integral part of how we work. We invest our time and expertise into our relationships because we want to set you up to be as well-informed as possible on your way to success.
Plus we're really good at remembering birthdays.
WE CAN GET REALLY NITTY GRITTY WITH THE Q&A. SO WE WILL!
Stay tuned to hear more about the following:
What does it mean to be pre-qualified for a mortgage? how do i do that?
I'M SINGLE AND MY SALARY'S PRETTY LOW. IS PURCHASING A HOME A VIABLE OPTION FOR ME?
HOW DO I KNOW WHAT I CAN AFFORD?
WHAT GRANTS ARE AVAILABLE TO FIRST-TIME HOMEOWNERS?
HOW IS IT DIFFERENT TO BUY AS A SINGLE PERSON VS. AS A COUPLE?
HOW DOES THAT AFFECT WHAT LOANS, GRANTS, AND RATES ARE AVAILABLE TO ME?
I WANT MY PURCHASE TO BE A SOUND INVESTMENT. WHAT DO I NEED TO KNOW?
I'VE BEEN RENTING IN MY NEIGHBORHOOD FOR YEARS AND KNOW IT LIKE THE BACK OF MY HAND. WHAT KNOWLEDGE BEYOND THAT CAN A REALTOR PROVIDE ME?
Many of our first time buyers share the same questions, and we’ll tell you our honest and candid expert advice. We want you to be as well informed as possible.
Sign up to stay tuned!