First-Time Home Buyers

Selling Sunsets of Florida is dedicated to helping first-time home buyers by providing expert guidance to those new to the real estate process, assisting them in finding their dream home in Tampa and surrounding areas.

waterfront homes for sale in tampa

EXPERT REAL ESTATE TEAM

First-Time Home Buyer Process

First-time buyers need to be well-prepared financially. This includes understanding mortgage options, assessing credit scores, saving for a down payment, and budgeting for additional costs such as closing fees and home maintenance. 

We have helped several first-time home buyers find the home of their dreams while ensuring they understand all of the required steps in order to have a successful close.

OUR SPECIALTY

Waterfront Homes

First Time Home Buyer

VA Loans Certified

Relocation Experts

Physician Loan Certified

Tampa Homes for Sale

first time home buyer

UNDERSTANDING THE MARKET

Selling Sunsets of Florida helps buyers understand local market trends, pricing, and the best times to buy.

first time home buyer

FINANCIAL PREPARATION

We provide financial literacy resources and can connect buyers with trusted lenders.

first time home buyer

KNOW YOUR INVESTMENT

Consider factors like resale value, community development, and potential for personal life changes.

FIRST-TIME HOME BUYER FAQ’s

Hands On Support 

Before diving into the FAQs, it’s important to highlight our hands-on support for first-time home buyers. We understand the complexities of purchasing a home. From the initial stages of understanding your financial readiness to the final steps of closing on a property, so rest assured that our real estate team is available to guide you through each phase.

waterfront homes

How do I know if I’m ready to buy a home?

You’re ready to buy a home when you have a stable income, a good credit score, enough for a down payment, and are prepared for the ongoing responsibilities that come with homeownership, such as maintenance and property taxes.

What should my budget look like when buying a home?

Generally, your home cost should not exceed three to five times your annual household income if you plan to make a 20% down payment and have moderate other debts. However, you should also prepare for additional costs like closing fees, moving expenses, and home repairs.

How does my credit score affect my ability to buy a home?

A higher credit score often qualifies you for better mortgage rates and terms, which can significantly affect your monthly payments and overall loan cost. Aim for a credit score of at least 620 to qualify for most conventional loans.

What is the process of buying a home?

The process typically starts with getting pre-approved for a mortgage, followed by house hunting, making an offer, securing financing, having the home inspected, and closing on the property.

What are closing costs and how much should I expect to pay?

Closing costs are fees associated with finalizing your mortgage and can include appraisal fees, title insurance, and escrow deposits. These typically range from 2% to 5% of the loan amount.

Ready To Purchase Your First Home?

Whether you’re still getting ready, have any questions regarding the home buying process or looking to find a home that fits your lifestyle, our team can help!

OUR SPECIALTY

Waterfront Homes

First Time Home Buyer

VA Loans Certified

Relocation Experts

Physician Loan Certified

Tampa Homes for Sale