First Steps to Buying a Home

You’ve been online; you’ve been perusing the websites and looking at homes in your price range.

What is your price range?   Many buyers have a solid idea of what price range they should be looking.  The best way to know would be to contact a buyer’s agent and have them set up an interview with a mortgage person.  New restrictions and loan to value ratios may mean that the loan you thought you qualified for is not the loan you’ll receive.  Interestingly enough, you may actually qualify for much more than you are comfortable taking on.

After getting pre-approved, you and a trusted buyer’s agent can decide within the parameters of your pre-approval a comfort zone, for price range.  You will need to decide what on your “wish list” is a must and want is simply a desire.  Do you absolutely have to have finished basement?  Do you need a 3 car garage, or can you make do with 2?    There may be a perfect house out there that has everything but that 5th bedroom you want.  Can you adjust your “wants” to get everything else you need?  Some trade-offs in your wants can really pay off when you go to resell!

There are many decisions to be made when you decide you want to buy a home.  Let a buyer’s agent help you make the right decisions.

A good agent will be happy to sit down with you for a free consultation to see if you are a good fit to work together.


Susan C. Mangigian

1595 Paoli Pike, Suite 101,West Chester, PA  19380

610-719-1700 main office, 610-299-6237 cell

Did you realize you could search for homes?  Or just keep an eye on your own neighborhood?  Just click the link and sign up!  It’s free!  Don’t forget to include your email and you’ll have all the latest listings emailed to you.

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12 Responses to First Steps to Buying a Home
  1. Renee Burrows
    January 20, 2012 | 4:59 pm

    Great tutorial for first time buyers in Chester County wondering how to make the next move!

    • Susan Mangigian
      January 20, 2012 | 5:15 pm

      Thanks Renee!!

  2. Thom Abbott
    January 20, 2012 | 5:24 pm

    Some Buyers seem “afraid” to have that sit down. What a great way to get feel for them, what they are looking for and any other “signals” they may give you. I had one of these last week with a Buyer, and we so quickly eliminated homes after talking more about their lifestyle and what they were looking for!
    Great info Susan!

    • Susan Mangigian
      January 20, 2012 | 5:25 pm

      Thank you Thom! I like to sit with people to make sure we are a good fit to work together.

  3. Christine Donovan
    January 20, 2012 | 9:38 pm

    Susan – A good agent is always an important place to start. Someone who will take the time to really understand what the buyer wants and help them find the best home for them.

    • Susan Mangigian
      January 21, 2012 | 2:02 pm

      Thank yo Christine!

  4. Judi Barrett
    January 20, 2012 | 10:26 pm

    Susan, If I ever move to Chester County in PA, I am definitely calling you! You have the knowledge of your area to take care of anyone relocating and there’s so much information on your website.

    • Susan Mangigian
      January 21, 2012 | 2:03 pm

      Judi, thank you! If you ever do move here, we’d have a lot of fun looking for homes!

  5. Sharon Paxson
    January 21, 2012 | 12:02 pm

    These are great tips and information for first time buyers

    • Susan Mangigian
      January 21, 2012 | 2:04 pm

      Thank you Sharon!

  6. J Philip Faranda
    January 21, 2012 | 7:38 pm

    With the amount of money involved in a real estate transaction, I cannot fathom how anyone could make it a DIY project.

    • Susan Mangigian
      January 22, 2012 | 8:02 pm

      True Phil! I wouldn’t do anything without the help of a professional, be it electricity, plumbing or brain surgery! Why anyone would not enlist the help of a professional when they are buying or selling a home is beyond me.

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