FIRST TIME HOME BUYER TRAPS TO AVOID FOR ROSEVILLE BUYERS

First Time Home Buyer Traps to Avoid for Roseville Buyers

DON'T BECOME A BUTTERFLY BUYER

Butterflies that go from flower to flower gathering nectar are like buyers that go from listing agent to listing agent trying to see if a particular home is available. More often than not, anxious buyers are later disappointed to learn that another buyer has already placed an offer on the home. Once this happens several times, a first time home buyer will become more proactive and attain a buyer's agent.

If this has happened to you, find a Realtor that will set you up on your own customized personal portal. These portals can be set up to email you every morning with the newest listings that hit the MLS that match your criteria. No more wasting time looking at homes that do not match what you want. Let technology save you time.

Not many people know this....the Realtor MLS displays new listings from 24-48 hours before the public internet real estate sites display them. A savvy first time home buyer, who is working with a Realtor, will see these homes first and have the opportunity to make offers before the general public. Most REO bank owned properties get multiple offers the first day they hit the MLS. If you want to find the good homes, the early bird gets the worm. Go find a Buyers Agent to represent you, not the seller. Fill out the form on our website at HOME TEAM GIRLS to get started on a portal.

DON'T LOW BALL YOUR OFFERS

Following the economic housing market collapse, desperate sellers were often eager to accept an offer, any offer. Until recently, any first time home buyer looking for competitive prices may be disappointed. Competition that comes form cash paying investors, international buyers, and downsizing retirees have made a noticeable impact on the market. In January 2011, about 32% of purchases were made with cash, up from 26% a year ago, according to (NAR) National Association of Realtors. Sellers are often more inclined to accept these offers since they don't need to wait for a lender to approve financing. Placing a slightly higher offer may incline a seller to accept your offer over a lower cash offer.

WAIT TILL THE MARKET HITS BOTTOM

No one has a crystal ball, but what we do know is this: interest rates will not last at this rate for long. Many economists predict that interest rates will go up the 4th quarter of 2001 or early 1st quarter of 2012. Once hit with higher interest rates, the affordability factor for a first time home buyer, will affect the price range they qualify for. They will be stuck having to buy a smaller, less upgraded or older home than they can buy now. Home prices are great now, don't fall victim to procrastination.

FOR MORE INFORMATION ABOUT FIRST TIME HOME BUYER PROGRAMS AND HOW TO GET STARTED, CALL THE HOME TEAM GIRLS- www.HomeTeamGirls.com WE CAN GET YOU SET UP ON YOUR OWN SEARCH PORTAL.