How to Buy a Home for the First Time - The Right Way!

How to Buy a Home for the First Time - The Right Way!
This video is an essential guide for anyone who wants to buy a home like a pro, stepping into homeownership, particularly for first-time buyers. Hosted by Karrie Hill, a former attorney turned realtor, the video offers comprehensive advice on navigating the home-buying process, emphasizing the importance of making informed and savvy choices.
Karrie begins by stressing the significance of selecting the right real estate agent. A good agent not only helps find suitable properties but also provides honest advice, negotiates to save money, and assists through closing. They can even access off-market properties, a valuable asset in competitive markets. Karrie emphasizes that choosing a realtor is a crucial decision, as they play a key role in what is likely the biggest purchase in one's life.
Next, the video covers the importance of lender choice and acquiring a pre-approval letter. This letter, which differs from a pre-qualification, is essential for understanding what one can afford and strengthens an offer on a home. Karrie advises getting pre-approved early to avoid frustrations and delays.
The home searching process is another crucial step. Utilizing the Multiple Listings Service (MLS) search, a tool more detailed than public listings like Zillow, helps narrow down choices based on specific needs and preferences. Karrie notes the differences in costs and lifestyles offered by various home types, including existing homes, new constructions, townhomes, and manufactured homes.
Touring potential homes is described as an exciting part of the journey, with the option of virtual tours to save time. However, Karrie advises in-person visits for a complete understanding of the property.
When making an offer, it’s vital to stay within budget and consider all additional costs. The negotiation phase follows, where your agent plays a key role in strategizing and communicating with the seller.
The video also walks through the escrow process, a legal arrangement where a third party temporarily holds money until conditions are met. During escrow, buyers perform due diligence like home inspections and verify property details. Negotiations may resume if unexpected issues arise.
Finally, the closing day marks the transfer of funds, closing of escrow, and the moment you receive keys to your new home. Karrie concludes by ensuring that with a great realtor, the home-buying process can be a smooth and rewarding experience. She encourages viewers to explore more home-buying videos for additional information.
Karrie Hill, JD, DRE 02160215, California Attorney turned Realtor
415-435-7777
👉👉linktr.ee/karriehill
Smart - Ethical - Driven, The Smarter Way Home
🏠Certified in Real Estate Negotiation
🏠🏠 Guest on KDOW "The Real Estate Report"
🏠🏠🏠Certified Home Marketing Specialist
🏠🏠🏠🏠Relocation & Cash Offers Certified
🏆Karrie's Group did 3.5 Billion in Real Estate transactions in 2023
🏆🏆Graduated top of UC Berkeley Law
🏆🏆🏆Winner of Order of the Coif award
Book a FREE video consultation with Karrie: bit.ly/46tkjfI
Karrie’s Services: forms.gle/kVpeP7WeF5TXc3HB9
FREE Detailed Marin Home Value Report for your home: forms.gle/cTqUYroSULz8hGVw9
FREE Home Buyer or Seller Guide: forms.gle/ksPpHDLW1C9hdc2K7
FREE Realtor Referral Request: forms.gle/GQ1CBJ43zQfNSoTC7
FREE Monthly Marin County Home Prices & Closed Sales Newsletter: forms.gle/cu91zZoeY86TTFpB6
FREE EXP Realty Information for Agents: forms.gle/L1kkoSNSxfGpy7dy6
FREE Wolf Pack Agent Sponsorship Information for Agents: forms.gle/P12MASEcTA4rb2oG9
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#marincountyrealestate #marincounty #marinrealestate #firsttimebuyer #firsttimehomebuyer
Chapters:
00:00 Introduction to Home Buying
00:33 Choosing the Right Realtor
01:09 Importance of a Good Agent
01:43 Getting Pre-Approval from Lenders
02:19 Understanding Pre-Approval Letters
02:55 Importance of Square Footage
03:32 Appraiser Measurements Explained
04:04 Home Inspection Essentials
04:43 Inspecting the Ugly Homes
05:21 Dealing with Funky Floor Plans
05:55 Considering Nearby Elements
06:27 Renovations: Pros and Cons
07:18 Choosing the Perfect Location
07:58 Budgeting for Renovations
08:34 Finalizing Home Purchase
09:11 Negotiation and Contract Phase
09:53 Escrow Process Explained
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[@pattyhawkins1002]

Excellent video. Thank you!

[@karriehill.jd.realtor]

Thank you!!