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Tips for Buyers & Sellers

10 Tips for First-time Home Buyers

10 Tips for First-time Home Buyers - bhgrelife.com4. Determine your requirements

You are likely going into the home buying market with an idea as to what you’re looking for. Carefully consider the kind of home you want, and separate the needs from the wants. This will narrow down your search for a more effective home buying process.

5. Consider your potential down payment

As a first-time buyer, you probably have some funds set aside to make a down payment on your dream home. It is recommended to have approximately 20% of the purchase price available. However, there are several loan and mortgage programs that can help you make a down payment for significantly less. Know your options before you get started.