Dear Prospective First Time Home Buyer,
As someone who is considering owning your own home you may have some idea of where your price range is but beyond that you may be overwhelmed and mystified and that’s understandable. As Real Estate professionals we are fully aware of the challenges out there and are here to help you navigate through them.
Can I assume you haven’t been living in a cave away from civilization and that you’re well aware that it’s a Buyer’s Market which very simply means there are ‘many more homes for sale than there are buyers to buy’ which puts you in a unique and powerful position.
Everyone’s circumstances are unique, so let me speak generally and go over some common stumbling blocks in the event you fall into one of these categories and how we may be able to help.
Perhaps you’ve been working at saving a down payment and uncertain if you could qualify for a loan? In that case, we should talk because that’s a legitimate concern and should be dealt with right away. Or could it be you’re worried about a poor credit score. With a little guidance, that challenge can be corrected over time. Another reason might be that you’re waiting for the market to bottom out before you become engaged? I assure you, by the time the market levels off and starts moving up again in Sonoma, people standing by the sidelines will be left behind wondering what happened……and multiple offers will be rampant once again. In fact we already are experiencing multiple offers, in some instances, and I will be happy to explain the circumstances should you be interested. Or perhaps you’re fearful that you’ll never be able to save enough for a down payment or closing costs? Please don’t let that stand in your way to home ownership. Did you know that with good credit and the right circumstances, you simply may not need that large down payment if the Seller is willing to participate in a ‘down payment assistance’ program? I’ve just highlighted 4 stumbling blocks that can be overcome and of course your circumstances are unique which I would like to talk with you about once you are committed.
So, speaking of commitment : Are you a person who is committed to getting on the path of ownership, right now. If you do have a dream and you are serious about overcoming some obstacles, history will tell us that with an attitude of long term ownership you’ll be setting the tone for success in your future real estate investments.
What about the complexities of today’s market Can it be a bit frustrating? If you have been touring Open houses for example, then you know about all the different conditions of sale we have today…Short Sales, Foreclosures, normal sales, an then there are seller incentives like owner financing, lease options. I can understand how confusing it can be. That’s why I think that my approach to real estate is a practical and fair approach. My team concept of teaming up with careful and dedicated professionals who specialize in such conditions of sale, look forward to sharing information with you on all these subjects when and if they should apply to you. So, I encourage you not to get all hung up on the details of the market place. That’s really your Realtors department. Your responsibility is to set realistic personal goals. One very clear goal might be that you want to invest your money in real estate for yourself and never again be paying down the mortgage of someone else. Staying focused on your key goals and trusting our team, will get you where you want to be.
If you are committed and need some guidance, remember, the most expedient way to purchase a property as a first time home buyer is with the help of a caring and knowledgeable Real Estate Pro or a good R.E. Attorney. Here at our office we work diligently to serve first time buyers who are subject to properties in the Short Sale and Forclosure category as well as normal sales. More details will be explained in the information I have to send you.
If you’re committed to your dream of owning your own home we at Frank Howard Allen, voted #1 by the North Bay Business Journal, are ready to serve you.
Thank you and Best of Luck in your Dreams of Owning your Own Home!
Tricia Perkey
Frank Howard Allen Realtors
Petaluma, California
tperkey@fhallen.com
707-971-0554