Tips for First-Time Home Buyers- Laguna Beach Homes

If you are thinking of purchasing Laguna Beach Homes, Laguna Hills, or Aliso Viejo area, you must be thinking what needs to be done before acquiring a new property. Being a newcomer on the real estate market, you must be wondering what to do, and what to prepare for like your mortgage applications or home loans, credit standing, employment status, financial documents, etc. All these can be a little bit mind boggling to you. In order to secure a safe immunity to this tough market, you need to have a professional that could help you think through the available options and make yourself capable of purchasing a new dream home.

Since home buying involves huge financial investment, you want to make sure that the people you are working with can be trusted, legitimate and genuine. The realtors at the Integrated Realty will help you clear out some confusion on your head. These guys are professionals who have been working in the industry for a long time. They already know the real estate market, so you don’t have to worry about that.

However, if you think that you need to go solo for your home hunting and you don’t need professional guys to help you with, the following are the tips for first time home buyers like you.

Think Long Term

We understand that home buying is an emotional process. You want to live in your first home for a long time. You may want your new home to be kids friendly. It should have a yard for your kids to play around. It should be near at schools and out of the way of busy streets. But if you think you are going to live there for only a few years, think of your target audience because later you are going to sell that house on the market.

Make a Checklist of the Items

When shopping for a home, you should set aside your emotions and think practically. List all your must-haves and nice to-haves on paper. When you visit a house, take the checklist along with you and evaluate each house you see based on your checklist. Then take photographs of the homes you like, so you can remember them when you get home. If the photographs shows that the house doesn’t have your must-haves, this will make you think again and re-evaluate your options.  Rule of thumb: if the house has 8 out of 10 things on your check list, and you can fix 1 of the 2 items missing from your list, you should probably buy it! Perfection maybe hard to come by in your search area, always remember what might be perfect now, might not be what you need in 5 years.


This is really obvious when you think of buying a new home. You need to know your budget or at least have cash on hand before shopping for a new house. When you know your budget, it will help you narrow down your options. Additionally, if you want to know the other expenses that might come along when you pay monthly dues, you may call the utility companies that service the house and ask for an estimate. Sum up all these expenses and see if you can still afford the house.

Research Grants and Financing Option

Before you decide which financing option you’ll be qualifying for, research for the available types of funding in your area. These funding will qualify you based on the type of profession you have. Most of them will provide a generous income limit for you. So before you think you don’t qualify for any of these grants, start researching and it will surprise you.

Be Sure to Read the Contract Before You Sign it

Your dream house might be the largest purchase you will ever make in your entire life, so you need to make sure you understand the terms of the contract before signing it. If you encountered terms that are difficult to understand, you should contact your realtor or mortgage broker about it. If they don’t explain the terms clearly to you, find another one. There are enough people who are willing to explain the terms more clearly to you if they don’t.

If you have questions on your mortgage, loan application, contracts, etc., contact Integrated Realty Group today.