Michigan First Time Home Buyer Tips
Have you been thinking about becoming a first-time home buyer in the state of Michigan? It’s no surprise, given the state’s beautiful landscapes. Whether building a financial portfolio or a future for the family – here are some tips to consider if you’re in the market as first-time home buyer:
Tip #1 – Kick off the process by becoming preapproved.
Receiving a preapproval assists first time home buyers in getting ahead of the game! Mortgage professionals review client’s personal finances and circumstances to assess exactly how much a lender can finance. A snapshot of the possibilities is extended to the client through a preapproval letter. In many instances, a preapproval letter could be the deciding factor for sellers, as it confirms a buyer is qualified to purchase a home of a specific value versus a buyer that isn’t prequalified. Speaking with a mortgage expert is the first step first time home buyers take in uncovering their options!
Tip # 2 – Find the right location for you!
First time home buyers find their dreams become reality in Michigan! With the numerous, stunning locations the state supplies, there is a location just right for every individual.
If you are new to the state or looking for a lively community, these up-and-coming areas have gained the attention of first-time home buyers:
- Royal Oak
- Hazel Park
- Ann Arbor
- Grand Rapids
There are also many great areas with award winning schools and events centered around growing families. Surround yourself with friendly and inclusive neighbors in the following areas:
- Beverly Hills
- Rochester Hills
- Washington Twp.
- Macomb Twp.
- East Grand Rapids
- Forest Hills
Hoping to get back to nature and have your eye on the great lakes state? Spend your days taking in all the great outdoors has to offer in the following areas:
Is lake life the life you like to lead? These noteworthy communities are the talk of the town of boating enthusiasts:
- Lake Orion
- Port Huron
- Harrison Township
- Saint Clair Shores
- Bay Harbor
- South Haven
Tip #3 – Connect with a local real estate agent.
As a first-time home buyer with a preapproval and a few new areas on the radar, it’s the perfect time to find a local real estate agent! Did you know that first time home buyers who pair the expertise of a real estate professional with a mortgage professional have greater odds at receiving accepted offers? It’s best to do your research and get connected with an agent that sees the value in quick responses and having knowledge of your prospective areas. In the state of Michigan, you will need a licensed agent to provide you access to homes. Your agent will provide you with access and insight on homes of your choosing!
With more tools in your first-time home buyer toolkit and experts on your side, you are ready to take on the market! For more tips and information on how to get started, contact the trusted professionals at Hall Financial. Happy house hunting!