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    First-time homebuyers – There are things you need to know

    If you are a first-time homebuyer, don’t just get online and pick from a small list.  There are certain things you need to understand before making such an important decision.

    The Powell Group and its team members are here to help you make the right decision.  But, just like with everything else, what’s right for someone else may not be the right thing for you.  If you take heed of the following issues, you will be well on your way to making a great decision.

    Make sure you have little debt before getting a home loan
    Make sure you have little debt before getting a home loan

    First of all, look at your own income and expenses.  Your monthly bills – especially your credit card bills – will weigh heavily on your ability to get a home loan.  Lenders will look at what you owe as well as your income.  After looking at this information, they will tell you what you qualify for.  However, if you pay down your debt first, your chances of getting a better loan will improve.

    Explore the neighborhood before making a decision
    Explore the neighborhood before making a decision

    Secondly, explore the neighborhood.  The Powell Group services Anderson, Oconee and Pickens Counties – all of which make up the Western Upstate of South Carolina.  Within those three counties are several beautiful homes that you can look at on our website.  Keep in mind that, although you may have a checklist of all sorts of items from size, price, school system and other items, chances are slim that you will be able to find everything you’re looking for with one house.  So, keep an open mind and use our website to look at several of our beautiful homes before you make your final decision.

    Lastly, communicate with your agent about your rights.  There are many things that can go wrong before signing on the dotted line.  The house appraisal may be less than the asking price.  The home inspection may find things the seller wasn’t aware of.  You might even get turned down for a loan.  Before you move forward with trying to buy a certain house, make sure you know your rights.  Your agent will be able to tell you if you are eligible for any contingencies to protect yourself.  Knowing about them will help guard against any problems that could show up later.

    The Powell Group encourages you to talk to our team in order to get all of your questions answered.  We can help steer you in the right direction.

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