Douglas Elliman Real Estate
156 Montague Street
Brooklyn, NY 11201
Office: 718 780-8135
Mobile: 646 242-7392
Fax: 917 369-1496
Email:
ryan.roberts@elliman.com
Ryan Roberts

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Real Estate Tip of the Day


Buying your first home can be a strenuous and emotionally toilsome experience.  From getting your mind around the concept of committing yourself to purchasing your first home to preparing yourself financially to endure the process.  Today's tip is part of a two part series that highlights a constructive approach to reducing some of the stress and anxiety this process can generate.

First step, start from the bottom.  Make an affirmative decision that owning your first home is something that you really want to do and not the dream of cousin ricky on your father's cousin side.  Next, do some financial spring cleaning.  Take a hard look at your current credit standing.  Order a copy of your credit report.  You can obtain free copy of your report from websites such as consumerinfo.com, freecreditreport.com and other similiar sites.  If  your credit standing is a little shaky that's ok.  Work on paying down your debts and removing any erroneous red flags to rebuild your reputable credit standing. 
 
Once you have a clear understanding of where you stand financially next figure out what you would you really want out of your new home.  Make a checklist of everything that you would like your new home to have and what you are not willing to marginalize. Some examples of that could be:  spacious backyard, three bedrooms, two bathrooms, fully detatached home, etc.  This list extremely important because your next step will be locating a reputable realtor.  This list will provide the realtor with important information about your likes and dislikes and would allow them to be able to effectively show you properties that are worth your consideration.  

Tomorrow we will take a look into getting prequalified, crunching the numbers and all of the additional costs that we can easily overlook.   


 

 

Equal Housing Opportunity. All material presented herein is intended for information purposes only. While this information is believed to be correct, it is presented subject to errors, omissions, changes or withdrawal without notice. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.

All information regarding a property for sale, rental or financing is from sources deemed reliable. No representation is made as to the accuracy thereof, and such information is subject to errors, omission, change of price, rental, commission, prior sale, lease or financing, or withdrawal without notice. All square footage and dimensions are approximate. Exact dimensions can be obtained by retaining the services of a professional architect or engineer.

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