First Time Home Buyers

   Believe it or not but the first time home buyer is still in the drivers seat. Interest rates are great, 100% loans are still available, Down Payment Assistance is still available (up to $4500.00) and the $8,000 tax credit in still in place until April.

   They have tightened up on what you need to qualify. Like now you must have a 620 credit score, where before if you were breathing you could probably get a loan. You must have permanent employment and no late pays within the last 12 month's.  There are other restrictions, but these are the main ones and of coarse I can still build the closing cost into the sale price and get you in a home for less than $500.00 out of pocket money.

  The buying process is as easy as you make it. If you will follow the following guidelines it is simple.

1. Contact a Realtor and set down and talk with them and see if you think they know what they are doing and if they will look out for your best interest, be honest and truthful with you.

2. Go to the lender that they recommend, because they have a track record with that lender and trust them to look out for your best interest.

3. Once qualified, set down with your Realtor and decide on the payment that you are comfortable with. Most times people qualify for more home than they can actually afford.

4. At this point the Realtor should find out what you are looking for in a home and the location you would like to be in.

5. They should do a search on the MLS system and set you up in it so that it will automatically e-mail you all listing that match your qualifications.

6. You should take the list and drive by them to see if they look like something you are interested in.

7. Once you find some homes you are interested in the Realtor will set them up and show them to you.

8.Once you find a home you want to make an offer on the Realtor should do a CMA to make sure the home is actually worth what they are asking and then advise you as to what to offer. Then they should write the offer and assist you in counter offers until you have an accepted offer, then get your good faith deposit in the bank.

9. Once you have an accepted offer they should get it to the lender.

10. After you have choosen a home and termite inspector they should assist you in getting them done and if any problems arrise they should assist you in solving them.

11. You should shop around for home owners insurance. You Realtor should be able to point you in the right direction here also.

12. Finally you are ready to go to closing. You Realtor should be there also, just to make sure everything is in order. Once closed and you have the keys you are ready to move into your new home.

   I know what you are thinking, he's full of it or there is a catch to it.  Well I put 27 families in homes last year and they probably thought the same thing. The only difference is, they took a chance and made the call to me. Why don't you take that same chance, after all you have nothing to lose except time. There is no cost and no obligation for talking with you and I promise I won't call and call and aggravate you to death.

                                                                   Thank You

                                                                  Rusty Foley