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7 must-know tips for First Time Buyers in 2023

As a first-time homebuyer, it's natural to feel overwhelmed by the process of buying a home. There's so much to consider, from finding the right property to securing financing and navigating the legal aspects of the transa

ction. Here are a few tips to help make the process a little easier:

  1. Start by getting your finances in order. This means getting a handle on your credit score, saving for a down payment, and figuring out how much you can realistically afford to spend on a home.

  2. Shop around for a mortgage lender. Don't just ac

cept the first offer you receive – take the time to compare rates and terms from multiple banks to find the best deal.

  1. Work with a real estate agent. A great agent can help you find properties that fit your budget and needs, and can also provide valua

ble guidance throughout the process. Our 1 OAK team would be glad to help.

  1. Don't be afraid to negotiate. Whether it's the price of the h

ome or the terms of the mortgage, don't be afraid to negotiate to get the best deal possible.

  1. Be prepared for closing costs. In addition to the purchase price of the home, you'll also need to pay closing costs, which can be as much as 10-15% of the purchase price.

  2. Get a home inspection. It's always a good idea to have a profess

ional inspect the home before you buy to identify any potential issues or problems.

  1. Be patient. Finding the right home and securing financing can take time, so try to be patient and keep a positive attitude throughout the process.

Buying a home is a big step, but with a little bit of preparation and the right team in place, it can also be an exciting and rewarding experience.

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