Pittsburgh First Time Home Buyers
First Time Home Buyers Video Series!
The Pittsburgh real estate market was recently ranked as the "#1 Real Estate Market for First Time Home Buyers" according to Realtor.com! Because I want to encourage first time home buyers to enter the Pittsburgh real estate market, I have created a series of videos with plenty of relevant info about the buying process!
First Time Home Buyer Series: What Happens During the Home Buying Process?
First Time Home Buyer Series: Introduction
Buying Your First Pittsburgh Area Home in Seven Easy Steps
Homeownership: The American Dream
Are you ready for Pittsburgh homeownership? Nothing makes you feel more grown up and secure than buying your first home. Yet with all the exhilaration comes some anxiety. We'd like to allay your fears by giving you the information you need, upfront.
First of all, are you ready for the responsibility of owning a home? Assess your readiness for homeownership. Do a reality check. How are you emotionally, physically, and financially? If you feel that you may not be ready, it's okay to wait and re-assess at a later date.
Decide what's important in a new home. This is a good time to figure out what size of home you'd like and which Pittsburgh community you want to live in. Decide how many bedrooms and bathrooms you need. Once you've come up with these criteria, your Pittsburgh home search will be much easier.
Benefit from a Realtor's expertise. A professional can help you with all the details involved in purchasing a home. A real estate professional, such as Jim Dolanch, has years of experience in all the requirements involved in buying a Pittsburgh area home. Because of their experience, they can make it understandable and even enjoyable. They can help you get the most for your money and make sure you're asking the right questions.
How much house can you afford? One of the biggest concerns for first time home buyers is how much they can afford. There is not a simple answer; there are many factors that must be considered, such as how much money you earn, how much debt you owe, what kind of mortgage is right for you, etc. As a rule of thumb, it is suggested that your mortgage doesn't surpass 33% of your gross income. This calculation will put you in the ballpark for the amount you can afford. Your Pittsburgh real estate experts can help you assess your financial situation and a loan officer can pre-qualify you for a loan, which will tell you how much you're eligible to borrow.
Which mortgage is right for me? With so many mortgage options, it can sometimes be a daunting task to figure out which is best for you. For more information, you can visit the U.S. Department of Housing and Urban Development's Mortgage Glossary or talk to your Realtor and loan officer. They are a wealth of information and have the experience to give you the right answers.
How to start looking for your new home. Once you've decided to buy a home, assessed your finances, found a Realtor, and pre-qualified for a loan, you now get to have some fun! It's time to start looking for your new Pittsburgh area home. You can begin by allowing your realtor, Jim Dolanch and his team, to do the searching for you! Give them the criteria you've decided on, and then let them find some Pittsburgh area homes that suit your needs. All you have to do is look at the houses they have chosen and decide which ones you like. You can also search online with our handy search tool to see any homes you might be interested in.
Okay, now you've found the house, what next? Your Realtor will help you through this entire process, from making an offer to the closing of your new home. The buying process can be exhilarating and stressful, but following these seven steps will make it much more enjoyable. Good luck and happy house hunting!