ERA Real Estate
Joyce Torelli - Broker, Real Estate Consultant, ERA Real Estate Phone: (508) 380-5229
Email: [email protected]

Homebuying guide: The basics of buying your dream home

by Joyce Torelli - Broker, Real Estate Consultant 02/27/2023

Whether you're new to real estate or a seasoned expert, it can never hurt to consult a homebuying guide. While talking to real estate agents is a great starting point, there are other factors and tasks to consider that complement their support.

Here are some of the things to think about as you prepare for your homebuying journey:

Factors to consider before your home search

What should your goal be before you get started? Think of all the homeownership options. What are your reasons for buying a home? Maybe you want to buy a home for investment, personal independence, passive income opportunities or planning for your future.

These are just some reasons potential buyers think about buying a home. Understanding your goals for homeownership will help you make better choices.

The homebuying process

The basic steps in buying a home typically are:

  • Search for listings meeting your specific criteria and budget.
  • Make an offer on a home.
  • Negotiate purchase price if necessary.
  • Get a home inspection & appraisal.
  • Close on the home (pay all closing costs & complete all necessary paperwork).

Special conditions for first-time homebuyers

There are many forms of financing available to first-time homebuyers, such as those offered by the Federal Housing Administration and the U.S. Department of Veterans Affairs. You may also want to find a real estate agent with deep understanding and experience in helping first-time homebuyers for expert tips and valuable guidance.

How much money should I save before buying a house?

What is your maximum budget for the down payment and mortgage loan? Pre-approval from a mortgage lender is needed for an accurate assessment of your financial situation and gives you a competitive edge as a buyer.

Are you ready to get started on your journey to homeownership? Keep these basics in mind as guidelines for making the best decision and finding your dream home.

About the Author

Joyce Torelli - Broker, Real Estate Consultant

Joyce Torelli, Broker - Realtor Consultant 508-380-5229 [email protected] 

CRB, ASR(Accredited Seller Representative), CBR, SRES Please see a few of the Google reviews that recent and past clients have been thoughtful to leave, as well as some written testimonials attached. Top 3% of 375 Professionals – 15 ERA Key Realty Offices.

“I am currently a longtime resident of over 30 years in Marlborough, MA, but mainly grew up in Hudson MA. Later, I had the opportunity to live in various towns in and around the Middlesex County area (Acton, Bolton, Framingham, Hopkinton,) as well as in the Netherlands, Europe. Bringing understanding, insight, and strategy on the home sale marketing and sale process is critical. With over 30 years of experience, I have helped hundreds of homeowners get their home sold for the very best price and terms with the least inconvenience, with skill, caring, and a marketing plan tailored to their needs and their home! My buyer clients benefit from the same 30 years plus of experience of positioning their offers to meet with success in getting accepted, which has resulted in many happy home buyers.