Are you are a first-time buyer checking out Rego Park homes for sale? Rego Park is full of buyers who have migrated from pricey Manhattan rentals to find more affordable digs.
Home-buying newbies have a lot to consider. Mortgages, appraisals, inspections … navigating the lingo is like trying to comprehend an alien’s language! Here are some helpful tips for first-time homebuyers who are interested in Rego Park homes for sale.
Get preapproved for a mortgage before you start shopping.
It’s overwhelming to browse through home listings when you’re not sure how much you can afford! Unfortunately, house hunting before getting a preapproval in hand is a common first-time homebuyers’ mistake. Avoid this pitfall by talking to a lender early. This critical step also flags you as a serious buyer, which can only help in the real estate race.
Don’t underestimate the importance of location.
A property’s location is its best feature. That’s part of what makes Rego Park homes for sale so great! Think of what you want in your community, and choose a new home that checks as many of those boxes as possible.
Make the most of your in-person showings.
With COVID-19 cases still prevalent in New York City, casual open houses are out of the question. If you are looking at Rego Park homes for sale, you’ll probably do an online video or 3D tour of the homes on your list. After that, your agent can help you schedule private showings of the properties that make the cut.
Take note of everything during your in-person showings! It might not be easy to return to the property before you need to decide on an offer.
Don’t be afraid to negotiate with the seller.
This tip seems a little bold to some first-time homebuyers, but take our advice. Use the results of a home inspection and your agent’s guidance to strike a deal on repairs or closing costs.
If you are interested in Rego Park homes for sale, we want to hear from you! Get in touch with Rego Park Realty today to explore options in our neighborhood!