Are you a first time home buyer? If so, you need to know as much as possible about a real estate transaction.

1. Am I going to buy a new home or a used home?
2. How do I get a good deal?
3. Are there 100% loans still available?
4. Who pays my closing costs?
5. In addition to the mortgage payment, what other fees do I need to pay?
6. What are the advantages of buying a home verses (vs) renting a home?
7. What is a seller’s agent?
8. What is a buyer’s agent?
9. Does a buyer’s agent cost me any money?
10. Who is really looking out for me?

These are all important questions that a first time home buyer should ask.

To get a good deal, you first have to know what makes up a good deal. As a first time home buyer, you have to know every detail of the transaction to ensure that you are indeed getting a good deal. There will be so many different numbers and scenarios thrown at you during the process; you have to know what you are looking at to determine this. A good buyer’s agent will know these important details and will explain them carefully to the first time home buyer. To help offset some of these home-buying costs, a buyer rebate can come in handy too. It is generally worth thousands of dollars.

Please click on some of the links in this article to better explain some of these terms.

First Time Home Buyer