Evans, GA -- (SBWire) -- 03/12/2015 --Bill Beazley Homes warns first-time homebuyers that, "jumping the gun isn't the best route to take when buying a home," and encourages them to take a few necessary precautions before deciding if home buying is right for them.
With the Bill Beazley Homes tips for success, buying a home the first time won't be such a daunting task. Their first tip is to scope out the area for a look at the selling prices of comparable homes. Bill Beazley Homes advises readers to use a multiple listing service, such as the National Association of Realtors.
Bill Beazley Homes also suggests making a few calculations before embarking on the home search. Home buyers should use a mortgage calculator to get a ballpark figure of what their monthly mortgage payment will be, as well as monthly housing costs, and closing costs. Once these calculations are made they need to be factored into a monthly budget. "Take a good, long look at your budget and determine how a house factors into the equation," says Bill Beazley Homes. "The general recommendation is no more than 28% of your income on housing costs. Anything past 30% and you risk becoming house poor."
Other tips include chatting with a few reputable realtors in the area to asses the real estate climate, checking one's credit score, and getting pre-approved for a mortgage. It will also help when applying for a mortgage to have important documents ready to show the lender. These include documents such as pay stubs, bank account statements, W-2s, tax returns for the last two years, statements from current loans and credit lines, and names and addresses of previous landlords.
Taking these initiatives will improve the bargaining position of a first-time home buyer as well as the entire home buying experience.
To read the full article, please visit: http://www.billbeazleyhomes.com/must-dos-when-buying-your-first-time-home/
About Bill Beazley Homes
Bill Beazley Homes has been building homes in the Augusta, Georgia area for over 40 years. They offer superior homes for sale in Augusta, GA as well as homes for sale in Aiken SC, and they have an excellent reputation for superior craftsmanship. Their professional home builders are committed to customer satisfaction and constantly improving the process of home building. With an excellent warranty program, decades of experience, and customer service that cannot be matched, Bill Beazley Homes is the homebuilder of choice in Augusta, Georgia and Aiken, South Carolina.
For more information on new homes please contact Bill Beazley Homes at 706-863-4888 or email at info@billbeazleyhomes.com.
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