Blalock

Reggie

Robin

Associate Brokers​

Tips for finding & buying
your first homes
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Are you ready to buy your first home? Venturing into the homebuying market can be daunting, but I’m here to share my experience and help you find your new home! Here are some tips to get you started:
1. Save your pennies. The up-front costs of buying a home are higher than expected for many first-time homebuyers. You’ll need to save up not just for your down payment, but also for closing costs, inspection fees and the cost to move.
2. Check your credit score. You are entitled to a free credit report each year. Before applying for a mortgage, find out whether there are any discrepancies on your report and where you can improve. The better your credit score, the lower your mortgage rate.
3. Figure out how much you can spend. You will need to get pre-approved from at least one lender for a mortgage, though getting at least three pre-approvals is preferred so you can get the best mortgage rate and terms. To start, use a simple online mortgage payment calculator to estimate how much house your desired monthly payment and down payment will qualify you for.
4. Narrow your home search. Make a list of your favorite neighborhoods, what kind of home features you can’t live without and any other criteria. This will help your agent target your search.
Finding the right agent to work with is key to getting an offer accepted on the home you want. We have years of experience assisting clients find their first home.

Contact us for more information!

helpful links of sources

Lenders
Local Builders
Bank 34
220 N. Telshor Blvd.
Las Cruces, NM 88011

575-521-8100

Citizens Bank
505 S. Main St.
Las Cruces, NM
575-647-4100


USSA
​1 (800) 531-8722






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KT Homes


VELOZ Homes


Arista Developement


Hakes Brothers



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When Considering Selling​​
 These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, you may be ready to move.
Have you built substantial equity in your current home?
Check your annual mortgage statement or call your lender to find out how much you’ve paid down.
Usually you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest. But if you’ve owned your home for five or more years, you may have significant, unrealized gains.
Has your income or financial situation changed?
If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving. If your income has decreased, you may want to consider downsizing.
Have you outgrown your neighborhood?
The neighborhood you pick for your first home might not be the same one in which you want to settle down for good. You may have realized that you’d like to be closer to your job or live in a better school district. 
Are there reasons why you can’t remodel or add on?
Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.
Are you comfortable moving in the current housing market?
If your market is hot, your home may sell quickly and for top dollar, but the home you buy will also be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home. Ask your real estate professional what they see happening locally.
Are interest rates attractive?
Low rates help you buy “more” home, and also make it easier to find a buyer for your current place.
Is the effort and cost of maintaining your current home becoming difficult to manage?
A REALTOR ® can help you decide whether a smaller house, condo, or rental would be appropriate.

  

Certifications

The Accredited Buyer Representative (ABR) designation is the benchmark of excellence in buyer representation. This coveted designation is awarded to real estate practitioners who meet the specified educational and practical experience criteria required by the Real Estate Buyers Agent Council, REBAC.
The Military Relocation Professional (MRP) certification is for real estate professionals who want to work with current and former military service members. The MRP certification program educates REALTORS® about working with U.S. service members and their families and veterans to find the housing solutions that best suit their needs and to take full advantage of available benefits and support.