If you are a First Time Home Buyer, a newbie/property virgin, purchasing that initial property can become an overwhelming project. Many first time buyers have been diagnosed with “Information Overload”. It seems that everyone and anyone has an opinion and or story about what you should do and how to do it. Yes, there are questions such as where should you start, who can you trust, and can you afford it that will need to be answered early on in the buying process but these questions must be answered properly and correctly. You might even inquire if there are any shortcuts, is there a mentor who can help? What about the qualifying process, am I credit worthy? Can a licensed Real Estate Agent show houses that meet my criteria, payment, and location requirements? All of the above are great questions but how do you obtain the right information? Indeed this is “Information Overload”.
Let me tell you that I have been an investor for many years. I find it an honor and a privilege to work with First Time Home Buyers. I understand where their confusion lay. I can provide the new buyer with the necessary confidence needed to become a proud home owner. I suppose you are wondering why I say work with an investor? The answer is simple as Steven Covey states, “It is a Win -Win Proposition”. A reputable Real Estate Investor has only one goal in mind which is to sell his properties as quickly as possible. The investor that has agreed to work with the buyer brings to the table benefits that may not be available with a Real Estate Agent or Mortgage Broker. Now don’t get me wrong you can work with both and they can assist you well. But let me explain further.
When a home is acquired through an agent it is normally sold on an “As Is” basis. This means that you the buyer will have to go in making repairs before the property becomes “Home Sweet Home”. But if you and the investor work together in tandem you will be able to make repairs or put your own personal touches on before you buy. This saves you time and in my experience time can be more important than money.
Typically, most first time buyers are not Bob Villa quality so improvements are outsourced to other vendors. This can be a daunting task. A seasoned investor can deal with vendor headaches and buy finished property with all the fixings included. Here is another benefit. If the investor does not have a salesman involved he can usually give the buyer a discount on the price or better yet add some features to the home that can enhance the property. I am not saying that this is the only way for First Time Home Buyers to go but it can make life very simple and very gratifying for both parties.
If you or anyone you know is interested in finding out more about Real Estate Investors and the processes of purchasing your first home contact me at: www.Myfirstmichiganhome.com or www.Goodpeoplebruisedcredit.com
Christopher Shaw is a seasoned Real Estate Investor, with over12 years of experience and has a passion for working with First Time Home Buyers, Mr Shaw has an ambitious goal of helping 1000 new First Time Buyers become home owners of the next 36 months.
In addition to the 1000 new home owners he expects to create over the next 36 months, he wants to leverage each transaction to adopt up to 1000 families through Volunteers of America's Adopt a family Program