Buying First Home: Tips, First Home Owners Grant & First Mortage Guide, Home Buying Process

Buying your first home is somehow the best decision you will ever make in your life. However, the process of acquiring your first home is not as easy as you may think.

You might be ready to own a home, but lack an idea about where to start and what steps to follow. Buying a home, being a major decision in life requires sufficient attention.

It should be planned, researched and budgeted appropriately.

If you are ready to buy your first home, this book will take you through the home buying process and give you important tips about your dream of owning a home.

It will serve as an ultimate guide for a first home buyer who is ready to become a homeowner. Read it and let it assist you to make a wise decision.

What You'll Get Inside:

CHAPTER 1. BUYING YOUR FIRST HOME TIPS

What kind of home meets your expectations?
Location
Space and Basic home amenities
Construction and exterior design
Specific home features
Mortgage eligibility
Consider your budget
Who will assist you throughout the home search and purchase process?
Explore Mortgage options
Hire a surveyor or solicitor
Always inspect a home before making an offer
Learn how to make offers
Make sure you understand all terms and conditions before signing any document

CHAPTER 2. THE HOME BUYING PROCESS

Have your down payment ready
Meet the criteria for Mortgage award
Make up your mind on Where and what to buy
Find a Real Estate Agent
Visit Available Properties
Making the offer
Secure the Mortgage
Conduct Home Inspections
Obtain Insurance
Close
Move in

CHAPTER 3. FIRST HOME OWNERS GRANTS AND MORTGAGE

Mortgage
Mortgage payment
Fixed-rate mortgages
Grants for first time home buyers
MAJOR UPFRONT COSTS
Down payment
Valuation fee
Surveyor's fee
Legal fees
Electronic transfer fee
Stamp duty
Lack of pre-approval
Failure to conduct research
Inadequate knowledge about the sales process
Not exploring the property in detail before buying
Not selecting the right location
Failure to perform inspection
Poor management of decisions
Avoid negative emotions
Don't go beyond your budget

Take a Sneak Peak Inside (page 21):

"Would you like to purchase your first home, but you fear that you cannot afford your dream home at the moment? Right, don't worry any more. Keep your dream of owning a new home alive, we have good news for you. Think about grants and mortgage for first home owners. Grants and mortgages are sources of funding that are meant to help you meet the costs of purchasing a home.

Mortgage

A mortgage is a loan borrowed from a bank or any financial institution by a property buyer. The loan is secured by the property being purchased. A mortgage is an essential source of funding that helps first time home buyers meet their dreams of owning a home. With a mortgage, you don't have to pay the whole amount at once in order to own a property. You make a certain deposit and the remaining amount can be cleared in installments. In simple terms, it's like the mortgage company purchases the property and then sells it to you. They pay the seller cash and the ownership is transferred to you."