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We Help First-Time Home Buyers Succeed in the Central Coast of California
We’ve all felt it. Whenever we outgrow something, it becomes incredibly obvious that it’s time for a change. The same logic can be applied to home buying. If you’ve been living at your parents’ home or in an apartment for some time now, you might’ve felt the urge to move into a home. But with this realization comes a plethora of other questions and concerns. First time home buyers can benefit greatly by teaming up with Properties by Patrick Rodriguez and utilizing his FREE Real Estate Guide. We will shed light on any issue you may have all while guiding the way toward the best home for you.
Buying vs Renting: What’s the Difference?
The first, and often most burning, question that arises when one decides to move into a home is a decision: to buy or to rent? Renting may seem more appealing at first since it has fewer “strings” attached, but buying is much more beneficial in the long run.
- Build equity over time
- Become more ingrained in your community
- Have the freedom to do as you wish with your home
- Take advantage of tax deductions
- It is YOUR home!
- Build appreciation
- No responsibility for maintenance
- No way to build equity
- No federal tax benefits
- Less overall freedom
- It’s not YOURS!
What It Takes To Become a Homeowner
Homes are easily one the most expensive purchases people tend to make. But don’t let that high price tag scare you too much. Thankfully, you won’t have to pay the full price of the home up front. You will have to find a lender who will approve a mortgage loan. In order to get approved for a loan, the lender must have proof that you have sufficient income so you’ll be able to make mortgage payments when they’re due. A high credit score is also necessary in order for lenders to feel completely confident in your ability to pay on time. Although you won’t have to pay for the entire home at once, you will need a down payment (often about 3-5% but with many down payment assistance programs available most need “0” down). Choosing the right lender is crucial. Our team works with the best in the industry and has access to great lending opportunities for the Central Coast. When you have enough money saved for a down payment, a high credit score, and a sufficient income, you’ll be ready to buy a home! Ask for our FREE Real Estate Guide!
Should First Time Home Buyers Buy New?
Unlike cars, new and lived-in homes don’t differ too much. Buying new or resale is just a personal preference. Some people are attracted to established neighborhoods versus newer barely developing neighborhoods. Just because a home is a new build doesn’t necessarily mean it’s more expensive. A newer home simply means exactly what it is – NEW EVERYTHING but a resale home can be nicely updated with all the newer features of a new build and have the same value if not more based on location. This is where home inspections and appraisals come into play to determine value. Deciding on new or resale is entirely up to you, your budget, and your needs. Properties by Patrick Rodriguez have access to all homes available for prospective home buyers all across the Central Coast of California. If you’re a first time home buyer and you’re unsure about what you need, simply reach out to us to get our FREE Real Estate Guide. Our FREE Real Estate Guide has helped hundreds to successful home purchasing!
We Will Help You Find Your Next Home
If you’re ready to find the perfect home, take a look at our available listings! When you’re ready to take the next step, contact Properties by Patrick Rodriguez. Our FREE Real Estate Guide can help you learn what it takes to become a homeowner. We have been serving the Central Coast of California since 2003 and we’re ready to lend our knowledge and expertise to you!