When buying a home for the first time, the experience can be intimidating. From learning about closing costs to getting the home appraised and inspected, these tasks can play a significant role in helping the process go smoothly. Rather than make costly mistakes along the way, remember these homebuying tips from expert Kevin Seawright.
Improve Your Credit Score
If you are looking to obtain financing through a traditional lender rather than gain assistance from an angel investor such as , Kevin Seawright suggests you do all you can to improve your credit score. This should include lowering the amount of debt you currently possess, paying your bills on time, and maintaining steady employment.
Work with a Great Real Estate Agent
As entrepreneur can attest, working with a great real estate agent when seeking new properties can make a tremendous difference. Kevin Seawright agrees, which is why he recommends you always meet with and interview several real estate agents prior to making your final selection. Look at such factors as how many sales the agent made last year, how many buyers they represented, and how comfortable you feel about taking their advice along the way.
Down Payment Assistance
Since most homes require a 20% down payment, it can be hard for first-time homebuyers to save such a large amount of money. However, there are ways you can get down payment assistance. These include grants, low-interest loan programs, and even working with angel investors like , which is a trend currently gaining in popularity.
Judging by the business success Kevin Seawright has experienced during his career, you would be smart to follow his advice on purchasing your first home. By doing so, you can avoid the confusion and costly mistakes many other homebuyers deal with along the way.
Learn more: https://peoplepill.com/people/kevin-seawright