Are You a First Time Home Buyer in Austin?
This is an exciting moment! You're on the lookout for the first home of your dreams in Austin, Texas,
and ready to start your new life as a homeowner.
However, there are some pitfalls first time home buyers can avoid with the help and guidance of
qualified professionals who know the industry and the Austin market.
With Big Life Home Loan Group's help, first timers can
receive the direction they need in looking for a home and understand the opportunities and challenges in
purchasing a home.
How Can You Pay for Your First Home?
For the first time homebuyers in Austin, there is a wide range of payment options available to you to
help you get in the door of your home regardless of your financial condition or credit score.
A few popular options to finance your home include:
- FHA Loans
- VA loans
- Local government assistance on purchases and education
- First-time buyer benefits withdrawing cash from you or your spouse's IRA account
With so many options on the table to find and secure financing for your first home, it's important to look at
all the options available and select one that best meets your current financial standing.
In addition to finding options for financing, first time home buyers in Austin have to negotiate with any number
of obstacles in the purchasing process, including closing costs, property taxes, homeowners insurance, and more.
Breaking Into the Austin Home Market
Not only are details of buying a first home difficult, but Austin's competitive market makes it even harder as a first time home buyer.
For those who have never bought a home before, Austin presents some exciting opportunities and challenges for buyers. To make the most of your
home buying experience, its important as a first timer to know a few tricks when negotiating and buying a home in the Austin market.
Some of those include:
- Making an offer higher than the list price.
- Opting for a conventional loan rather than an FHA loan.
- Closing faster on a home, which should be discussed with a lender
- Getting conditional approval for a sale.
- Offering to pay the closing costs
As with any new experience, it's important for buyers to seek out trained professionals who can help you navigate the market.
Big Life Home Loan Group's experts will help you with the tricks of the trade to not only find a new home but beat a competitive
market for a great deal.
Trust Us as Your First Time Home Buying Specialists
At Big Life Home Loan Group, we pride ourselves on helping first timers break into the Austin housing market with expert guidance and advice.
With our team of trained professionals, we will help sort through the financing options available to you and navigate the competitive Austin housing market.
If you're interested in learning more about what we can offer you, contact us today.
