Backyard Realty Group, LLC
The Closers Team:
Jason, Jen & Forrest
Buying your first home can be one of the most exciting experiences of your life. But it can also be one of the scariest. Buying real estate is a complicated process. And if you've never purchased a home before, the fear of all those unknown variables can make the experience stressful, frustrating, and downright terrifying. If you're thinking about purchasing a home but are dealing with the fear that comes along with it, don't worry! You're not alone. Most first time home-buyers deal with a certain level of fear as they get ready to buy their first home. But that fear doesn't have to hold you back. Here are three of the most common fears of first time home-buyers (and how you can overcome them).

"I can't afford to buy a home."

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The number one fear most first time home-buyers struggle with is the fear they can't afford to buy a home. But while there are certainly people who aren't in the financial position to purchase a home, becoming a homeowner isn't as expensive as you might think — and sometimes all it takes to be able to buy a home is a little budgeting. If you're worried about being able to afford a home, it's time to take a good, hard look at your finances. Make a list of all of your monthly expenses and all of your debt. How much are you spending per month on living expenses? How does that compare to how much you'd be spending per month on living expenses if you were to purchase a home? How much are you saving each month? Are there any opportunities to cut back on spending and pad your savings a little more each month? How much debt do you carry and what's your plan to pay it down? Getting a firm understanding of your financial situation will a) give you a better idea of how much you can afford to comfortably spend on a house, and b) help you come up with a plan to get there.

"My credit isn't perfect. How am I ever going to get a loan?"

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If you have less-than-perfect credit, a major fear you might be dealing with is how you're going to get a mortgage. Many first time home-buyers fear that their credit report might hold them back from securing a loan. But while getting a mortgage with not-so-hot credit can be a challenge, it's certainly not impossible. First things first: if you're thinking about purchasing a home, you need to get a copy of your credit report. According to an FTC report, 1 in 5 Americans have a mistake on their credit report — and those mistakes can end up costing you in the long run. The lower your credit score, the higher your interest rates will be, so it's important to make sure there's nothing inaccurate on your report that's dragging down your score. Once you've reviewed your credit report, you'll want to do everything you can to bring up your score before you apply for a loan, like pay down any high credit card balances, which will bring down your credit utilization and bump your score. You'll also want to make sure to pay all of your bills (including your rent and utility bills) on time, which will help show lenders that you're responsible with your debts. If you do all of these things and still get stuck with a high-interest mortgage, it's not the end of the world! You can always continue to work on increasing your credit score and refinance in the future.

"I have no idea what I'm doing. How am I supposed to successfully buy a home?"

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As mentioned, buying a home is a complicated process. From getting to know the market to finding the right kinds of properties to negotiating with sellers, there's a lot to handle. And if you've never purchased a home, it can feel overwhelming. The sense of "I have no idea what I'm doing!" can be pretty terrifying. But luckily, you don't have to know what you're doing when it comes to buying a home… as long as you work with someone who does. Working with a real estate agent who understands your market is an invaluable resource, especially to first time home-buyers. Your real estate agent can not only walk you through the entire process, but they also handle the hard stuff — like finding that perfect property and negotiating with tough sellers — so you don't have to. You might be afraid that the fact you've never purchased a house before will hinder the process, but when you work with the right real estate agent, there's nothing to be afraid of. Purchasing your first home can be a scary process. But now that you know the most common fears — and how to overcome them — it's time to transform that fear into excitement, get out there, and find the home of your dreams!

What our clients are saying  

I have been working with Jen since she listed our home in Feb. 2015 and helped us close on our dream home in July 2016. Helped us get exactly what we wanted out of our old house and provided great advice when buying our new home. She recommended a septic inspection since our mortgage lender did not require and saved us over $6,000 in expenses due to her advice. Would encourage any future buyer or seller to take her advice and follow it. Benefited us tremendously Source: https://www.zillow.com/profile/The-Closers/#reviews

 

~ Amber

What a great experience working with Jen Tolley! Her expertise and professionalism found us the tight house at the right price and her sweet demeanor made the process a pleasure! Source: https://www.zillow.com/profile/The-Closers/#reviews

 

~ Mark

I have been working Jason and Jen since 2011. I have had great success using their services and recommend them for your next house purchase/listing. They specialize in investment properties and are patient with helping you find your next investment or primary residence. I have purchased both investment and residential properties with both Jason and Jen and I will use them in the future to buy and sell more properties. Source: https://www.zillow.com/profile/The-Closers/#reviews

 

~ Luke

This team is amazing! Listed and sold my house in 5 days!!! They are professional, knowledgeable and so easy to work with. They made the process so easy. The house was in Georgia and we reside in Alabama - the distance didn't matter. Amazing job!!! Source: https://www.zillow.com/profile/The-Closers/#reviews

 

~ Kaye

Jason and Jen knows how to find right property for you including finding investment property so we could rent homes out. If you need to sell they are having great info to help price the home right price that you can sell it right away. Source: https://www.zillow.com/profile/The-Closers/#reviews

 

~ Dhaval

We purchased Our Home thru Jen and Jason! They were absolutely amazing and helped us every step of the way to find our home! They also helped find the perfect home for my mother and father in law too! They are highly recommended to work with. They will work very hard to find you the perfect home that matches for what you are looking for. Do not use a real estate agency anywhere else Source: https://www.facebook.com/jenandjasontolley/reviews/

 

~ Heather

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