Advice for Newlyweds: Buying Your First Home

By Ariana Teachey

Planning a wedding is the first of many things that you and your sweetheart will tackle together as a couple. Another big adult thing you’ll do together? Buy your first home! We have asked our experts to explain some of the basics to get you started on the right path to find your dream home!

buying first homeOur RW home loan expert: Nicola, owner of Home Loan Zone with over 11 years experience in the mortgage industry.

What are some common misconceptions about home loans?

  • “I need to put down a lot of money on a home loan.”
  • “I need to have perfect credit to buy a home.”
  • “It’s cheaper to rent than to own.”

Nicola says, “There are lots of great programs available to suit a buyer’s needs. With little to no money down, you can own a home!”

What does it mean to specialize in helping first time buyers?

“Buying your first home can be overwhelming. Understanding and knowing your needs are extremely important, especially if you are new to the process. Homebuyers should have a consultation to prepare for the process so they know what to expect along the way. Answers to all questions should always be just a phone call away.”

What is something you find that couples are surprised to learn about the services you offer?

“A broker has the ability to shop several different banks to find the lowest possible rate and best loan program for you.”

buying first home

buying first homeOur RW Real Estate Expert: Greer Jones, a realtor with Liz Moore and Associates, has 15 years of experience with knowledge in all property types from city view condos to rural country homes in Richmond.

What are some common misconceptions about hiring a realtor?

“The buyer pays commission. This is FALSE. The buyer does not pay my commissions!”

What does it mean to specialize in helping first time homebuyers? 

“Educating myself over the course of 15 years has allowed for tons of experience with first time homebuyers. I LOVE the excitement and energy they have!”

What is something you find that couples are surprised to learn about the services you offer?

“Your realtor should make buying a home a FUN and enjoyable experience. The realtor should handle each transaction as they would their own personal purchase. Having the guidance of a professional realtor will reward you when making the right offer, negotiating and ensuring the house closes.”

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