William Raveis Real Estate and Home Services

What all First Time Home Buyers need to know.

1. Arrange your mortgage before you start to look at properties. I can help point you to the most reputable, professional Mortgage Officers and Lenders working to finance Cape Cod Real Estate.

2. Should I rent or buy? Click here for a worksheet to help you with the financial aspect of this decision.

3. How much money do I need to have saved to purchase my home? There are many legitimate programs to help with down payment money and closing costs, so contact a reputable Lender to evaluate your situation. Click here for a list of our approved lenders.

4. How can I find out my credit score? Everyone is entitled to 1 FREE credit report per year, with the credit score. Go to www.annualcreditreport.com, the authorized website for the government mandated free report. Be very careful not to go to sites that charge you or may take your confidential information.

5. DON’T buy a new car, furniture or obligate yourself to any major credit purchases UNTIL at least the day after you have actually "closed” on your home. One major purchase may disqualify you for your mortgage!

6. Not sure if you can BUY right now? Contact Deborah Schilling immediately, and I can prepare you for purchasing your own home! When I was a first time buyer, I started looking before I was "qualified” and it was both frustrating and a waste of time and energy. There are steps to follow to buy your own piece of Cape Cod Real Estate, and I can advise you every step until you find your own dream home! I will connect you with reputable Lenders, connect you with First Time Buyers education classes, advise you on properties that will eventually be appropriate choices, and keep you up to date on market opportunities that might allow you to buy your Cape Cod Real Estate earlier than you thought possible!

7. Not all first time Buyers have children, but even if you do not, it is worth knowing about the schools in the community, as it might be important when you sell your first home. For profiles on schools link to http://profiles.doe.mass.edu/