Buying Your First Home








With fewer homes available (especially affordable homes), and more well-qualified buyers hunting for homes, it’s tough for a first-timer – but not impossible.


After three or four weeks of searching for a home to buy, most first-time buyers come to understand what a “competitive real estate market” really is. And some become so frustrated with the situation that they give up too early.

Persistence is a very important part of the buying process. Be prepared for a long search. Don’t allow yourself to get too emotionally attached to any home until your offer is accepted. And let any lost deals quickly fade from your memory. Believe me, the right home for you is out there.

If you’ve already given up on your search for a home, allow me to suggest a new approach.

Many first-timers set out with an overly optimistic perception of the homes that will be available to them. It’s important to communicate your ideal neighborhood, architectural style and amenities, but consider the alternative neighborhoods your real estate agent suggests, and be willing to tour homes that aren’t a match with your list of wants.

When it comes to determining how much you can afford, online calculators are helpful. But for a far more accurate assessment of your buying power, I’ll refer you to a mortgage professional who specializes in first-time home loans. That person will educate you about the different types of loans, review your finances, then pre-qualify you for a maximum loan amount. In a hot housing market, it’s very important to get pre-approved because it makes you even more attractive to sellers when competing with other buyers for a home.

This is the time to start cutting your spending, because any money you manage to save between now and the day a seller accepts your offer can be applied in very important ways.
For example:

  • A larger home-loan down payment
  • A home inspection
  • Homeowners insurance
  • Attorney’s fees, transfer fees and other closing costs
  • Furnishings, repairs and/or home improvements


For more information about any of the above, as well as help getting started before the busy spring selling season, call me at 503-717-2154!

Posted on January 2, 2018 at 7:38 pm
Barbara Maltman | Category: Uncategorized | Tagged , , ,

Create A Welcoming Entry

The area just inside your front door – otherwise known as the foyer – sets the tone for the rest of your house.

Ideas to make it warm, inviting and welcoming to all who enter include:

TEMPORARY STORAGE SPACE – Give your guests (and your own family members) the space and place they need to temporarily set their pot luck dishes, luggage, shoes, coats, hats, handbags, groceries, packages, baby supplies, and more. Popular options include a bench, a table, or if you have room, both.

AN AREA RUG – Even if your foyer is carpeted, consider adding an area rug to liven the look and help control dirty shoe prints. 

ARTWORK – Think of your foyer as a tiny art gallery. But try to limit the objects on display to just two or three. 

A COHESIVE LOOK AND FEEL – Before adding anything new to your foyer, make sure if complements everything else that shares the space. 

Posted on January 24, 2017 at 6:09 pm
Barbara Maltman | Category: Uncategorized | Tagged , , , ,