Mark Roemer Oakland Considers Important Tips for New Homebuyers


According to Mark Roemer Oakland, the process of buying a home can be a very complicated and confusing process, especially for first-time buyers. Thus, it’s best to educate yourself about the whole process as thoroughly as you can and talk to somebody who has already bought a home for advice.

Tips & Tricks

Here are a few important tips for new homebuyers:

1. Preparation to buy tips – It’s important to figure out your maximum budget for purchasing a new home since it would allow you to make better decisions. You can get an estimate of the price range by using online home affordability calculators that take into account your down payment, credit score, income details, debt, and the area you want to live in.

The next step is to start saving as early as possible. Aside from the down payment and closing costs, you also have to consider the move-in expenses such as furnishings, upgrades, and home repairs.

Your down payment and mortgage would depend on your credit score. So, it’s also necessary to track your credit score and strengthen it as much as possible.

2. Mortgage selection tips – Next, be sure to explore all the mortgage options available to you. Generally, you can choose from conventional mortgages, FHA loans, USDA loans, and VA loans. Apply for a first-time homebuyer assistance program to enjoy a wide range of benefits.

Compare the rates and fees of different mortgage options that you are eligible for and try your best to get a preapproval letter.

3. Home shopping tips – Choose a good real estate agent that has a good reputation and would scour the market for homes that match your requirements. Based on your budget and lifestyle, compare the pros and cons of all the options, including the type of neighborhood. Try to stay within your budget even if your loan limit exceeds your budget. This would help you avoid financial stress and leave some wiggle room in case extra expenses pop up.

Also, be open to online 3D home tours to narrow down your list of choices. Although these don’t offer the same experience as in-person visits, they can still be helpful to get a general idea of the property.

4. Home purchasing tips – Once you make up your mind about a property from your list of choices, the last step is to apply for a home inspection to thoroughly check the mechanical systems and the structural integrity of the house. Sometimes, it’s better to opt for specialized home inspections since standard home inspections don’t test for pests, molds, radon, etc.

Negotiate with the seller to lower the price if the house needs any repairs or ask them to cover a portion of the repair. Finally, buy adequate home insurance to cover the cost of rebuilding the property in case a disaster strikes.


Mark Roemer Oakland suggests you carefully consider all the steps mentioned in this article. Purchasing a home is a big decision and it’s wise to not arrive at a decision in a haste.