SCRIPT: Tips for First time Homebuyers

TIPS FOR FIRST TIME HOMEBUYERS CLIENT FACING SAMPLE VIDEO

VIDEO SCRIPT

Hey! It’s [JOE AGENT] with Berkshire Hathaway HomeServices PenFed Realty Texas again & I wanted to take a few moments to provide you with some tips for first-time homebuyers!

Buying your first home is an exciting milestone & something that you only get to experience once.

It’s critical that we understand your “buying power” before searching for a home.  A mortgage lender will be able to provide a realistic outlook of exactly what and where you can afford to purchase. By meeting with a reputable lender & getting pre-approved for a home loan, you can narrow down your search to properties within your financial reach.  If you don’t know where to start I have successful relationships with several Lenders I can get you in touch with who not only offer excellent service but also strong rates and discounts to save you money.

Next let’s talk about Down payments & Closing Costs.  If you are able to put 20% down, you can avoid PMI.  PMI is a private mortgage insurance and is a fee added to your monthly mortgage payment.  However, it’s very typical for both first-time home buyers and seasoned home buyers alike to make a down payment as low as 5%.  

You will also need to be prepared to pay for closings costs on the home.  One of the benefits of working with me and obtaining a mortgage thru PenFed Mortgage, is you will get and exclusive promo available only to our clients offering a 0.5% back of your loan amount to use towards your closings costs, helping you keep more money in your pocket.

Now that you’ve completed the financial planning portion of buying a home, it’s time to start narrowing down homes in your price point, along with desired cities & neighborhoods that meet your needs.  One of the things we will discuss is the tax rates in different cities as it can drastically impact your monthly payment.  For example, a $300,000 home in one city would save you over $1900 dollars per year compared to a neighboring city.  In Texas, tax rates can vary widely.  I will ensure we take the taxes into consideration before we start our search.

Together, we will identify your list of needs and wants.   For example, you might need 5 bedrooms and want a pool.  Clearly identifying those needs and wants, allows me to scour to market to ensure I show you the properties that meet all your needs and hopefully all of your wants!

Once we find a home that is perfect for you, I’ll help you make a competitive offer while staying within your budget.  Sellers are looking for the best terms and that doesn’t always mean just the price.  I’ll share with you strategies on how we can make your offer as attractive as possible. My passion is helping first time home buyers and utilizing my expertise is FREE to you.  Working together we can help tip the scales in your favor & give you the best possible chance at securing a contract.

If you’re considering buying your first home, or you’re a seasoned buyer, I would love to answer any questions you might have. Give me a call today & we’ll discuss your options!