To - DO List for FIRST - TIME BUYERS

1. Contact ME.

Chris Quiazon
702-235-7413
Quiazonteam@gmail.com
Realty Executives of Southern Nevada.

2. Save
* Down Payment
* Closing Cost
* Home Inspection
* Appraisal
* First Payment
Save as much money as you can.  Even though there are programs such as the Down Payment Assistance, and my ability to negotiate and have the Seller pay for your Closing Cost, there are instances where you might have to pay half or almost all of the down payment or closing cost.  It's good to be ready!
 

3. IMPROVE CREDIT SCORE

* Stay current on bills.
* Avoid major purchases
* Don't cancel any credit cards.
* Higher credit score = lower interest rate.

If your thinking of buying now or in the future, having a good Credit Score is always a plus.  
Avoid using your Credit Card for major purchases specially once we find your dream home.  It could set us back.
 

4. CALCULATE what you can afford.

* Calculate
* Calculate
* Calculate
It is very important that you calculate your income, expenses, debt. 
- What is the minimum you want to pay for a mortgage monthly?
- What is the Max I will pay for a mortgage monthly?

Situations almost always change when you find your dream home.  You will fall in love with a house and the story that comes along with it.  You'll let emotions take over and you might be ok with paying for more than what you plan to.  And that's when I come in.  I'll help you decide based on what's best for your situation since I won't have any emotional attachment to the home.
 

5. Get PRE - QUALIFIED by a Mortgage Lender

* Shop for the best deal.
* Choose primary and backup lenders.
* Know your numbers ( Affordability, down payment, interest rates, closing cost, etc.)
* Find any issues.
* Get consulted.

Meeting with a lender and getting your Pre - Qualification completed is at most importance.  This is the time where you'll find out what you can afford, what programs are available for you, and any issues that needs to be dealt with.  

Either your ready to buy now or later, meeting with a lender should always be a priority.  The lender will let you know exactly what is going on with your background and will inform you if there are issues that might stop you from getting your dream home.  It gives us time to fix any issues before we get in a emotional buying transaction.  Trust me, it will get emotional both good and bad.  But... I'll be by your side for guidance and emotional support!

6. DECIDE what you want in your dream home.

* Make a Cheklist (hud.gov/buying/wishlist.pdf)
* What must the home have?
* What can you live without?
* Ask yourself these simple questions.  It's your dream home!

Only you know exactly what your looking for!  In finding your home, it's always a hit or miss.  Consider that you will never really find everything your looking for in a home.  But there are instances where you will find everything in your checklist.  But be prepared to sacrifies a few of wants and needs.  It will all depend on the market conditions. 
 

7. MEET with ME, your Realtor.

* We'll go over the current market
* Define your Criteria in the MLS
* Narrow Choices ( Builder, resale)
* Preview Homes  (3-5 Homes per showing)
* Make an offer
* Negotiate ( Closing Cost, Close of Escrow, Price, etc.)
* Close Escrow

Congratulations on the success in purchasing your new home!