Buyer's Guide

Old or faulty wiring can cause major problems and safety concerns. Check the following:

• Ask to see proof of the dates of electrical updates.
• Check the home’s electrical panel for quality of workmanship.
• Bring a device like a phone charger to test all outlets in the home.

Inquire about the dates of plumbing updates and test the following:

• All faucets, toilets and showers.
• Appliances that utilize plumbing, like dishwashers and laundry machines.
• Utility sinks and outdoor faucets.
• Check under sinks for signs of leaks, mold or water damage.

Appliances that fail to work as expected can be a major drain on finances. Inquire about the date of any upgrades and check all appliances, including:

• Fridge
• Oven
• Microwave
• Dish Washer
• Washer and Dryer

Investigate any reported foundation issues and keep an eye out for these warning signs:

• Sagging floors or ceilings.
• Bowed walls.
• Musty basement smells.

The age of a roof and its materials will help determine how much time it has left. A roof that’s older than 25 years might be nearing the end of its lifespan. Keep an eye out for:

• Cracked, buckling or damaged shingles.
• Shingle granules or broken pieces in gutters.
• Microwave
• A sagging roof is a sign of rot and will likely need to be replaced.
• Moss, mold or fungi growing anywhere on the roof.

Windows are an important visual component in the home, but they should function well too. Don’t forget to:

• Check the age of windows and doors and see if any major updates were made.
• Open and close all windows, doors and shutters and check for drafts. Poor workmanship in these areas can drive up heating and cooling costs.

There are numerous, local programs that can provide a variety of assistance for first time home buyers. A qualified real estate agent will have the inside scoop about anything in your area that you could be eligible for.

Many states and some financial institutions will offer income- related grants. Opportunities for these may be found through your university, in your city or your bank. Your real estate agent can help you dig into grant options based on your income.

There are numerous programs that provide veterans with home loans. A qualified REALTOR® will have the inside scoop about anything in your area that you could be eligible for.

Down payment assistance grants may be an option for veterans in certain states. This specific service is available in many areas, enabling veterans and their spouses to become homeowners by providing down payment assistance.

If you have great credit and a good income, you may be able to borrow money to use as a down payment. This will allow you to get the money you need up-front and pay it off over time.

Think you have to save up 20% of the worth of your dream home? That may not be true! FHA loans can be obtained for many homes. A real estate agent will walk you through the homes in your area that would qualify and the steps to take.

There are a variety of programs that could help. Local, home ownership programs may be an option. Paying 3.5% on an FHA loan could get you into ownership faster. You may also qualify for a VA or USDA home loan, which requires 0 down. Talking to a real estate agent will help you navigate your many options as you take the next step towards the future.