Tom Daves is one of the highly skilled realtors with several years of experience in traditional sales, short-sale, HUD homes, etc. We feature and represent some of the most robust and beautiful looking Sacramento houses for sale.
What should a first time home buyer know?
If you are a first-time buyer, preparing yourself by knowing what is to come can help you save a considerable amount of time and money. Here are some important things that first-time buyers should know about.
- Pay off all debt - Make sure to pay off all debts before you buy a house and make sure to build an emergency fund, to meet at least 3-6 months of expenses. This emergency fund can help you meet any unexpected home renovation expenses.
- Determine your affordability - Before you go shopping for a house, make sure to get pre-approved to know your affordability. Also, make sure to determine the amount of money that you can spend on maintenance and upkeep of a home, this way, you can find the perfect home for you and your family.
- Save a down payment - Make sure to save at least 20% of the total price of the house for the down payment before you go house shopping. This way, you don't have to pay private mortgage insurance (PMI), and you also get to enjoy a lower interest rate.
Furthermore, if you’re a first-time homebuyer, make sure to save for closing costs, which can cost you anywhere from 3–4% of the house's purchase price. We have some of the most beautiful, majestic, and fully functional Sacramento houses for sale.
Qualities to look for before choosing a real estate agent
When looking to buy a house, you want to work with a real estate agent who wears multiple hats such as a salesperson, your advocate, a business manager, a negotiator, an analyst, etc. It is important that you choose an agent that is certified, licensed, and holds several years of real estate experience. A proficient real estate agent will be a people person with excellent problem solving, communication, and negotiation skills.
Furthermore, you want a person who has a good knowledge of the neighborhood, market conditions, and government regulations to assist you in the home buying process. Also, make sure to choose an agent with the tenacity and attention to detail to help you find the best home.
Challenges in selling a home
Selling a home can be equally challenging as buying a property, especially when the market conditions do not favor you. Most sellers become vulnerable to low offers in a saturated market and end up paying for costly home repairs and upgrades to attract buyers. One of the challenges is fierce competition among sellers, which can drive the prices down.
Another major challenge is the amount of time and money that sellers sometimes have to invest in repairs and cleaning up the issues before placing it on the market for sale. Contact Tom Daves for more information on our Sacramento houses for sale.Sacramento Houses for sale