The Patrick Team - 410-822-7733

First Time Home Buyers

Where Service is Everything!

Buying your First Home?

Buying your first home can be stressful and confusing if you do not have the tools and the right Real Estate Consultant to assist you in making informed decisions.  The Patrick Team offers our customers a variety of tools and workshops to guide you through the home buying process.

At The Patrick Team service is everything.  The Patrick Team offers the following services to ALL our customers at No Extra Cost.

·         Free Monthly Workshops

·         Complimentary copy of “Your First Home” – The proven path to Home Ownership by Gary Keller with Dave Jenks and Jay Papsan.

·         A team of dedicated Consultants specialized in each step of the transaction

Downloadable Brochures (Adobe PDF):

• Why Use A REALTOR?
• Why Rent When You Can Buy?
• It's A Great Time To Buy!

6 Steps to Becoming a Homeowner

Step 1: Saving Now

It is essential that you save now for inspections, appraisals, down payment, and closing costs. Every dollar saved now will contribute to the long-term equity that home ownership offers. There are many 100 % financing programs available to qualified individuals; however buyers will need an EMD (Earnest Money Deposit), Appraisal fees as required by the lender and inspection cost.

Step 2: Review Finances

The next step toward home buying process is assessing and understanding one’s financial status. So get a credit report and check for errors to prevent headaches down the road. It’s also important to make a details budget before beginning the search. Major changes that will affect income over the next year such as new additions to the family, or potential raises at work should be factored in as well. Cash flow is an important factor. Make certain you have enough income to cover monthly mortgage payments, taxes, home maintenance and other essentials including your social life.

Step 3: Attend Free Local Workshops

The Patrick Team believes education is the key to a successful transaction.  Professionally we are dedicated to sharing the best practices and models with our future buyers.  These classes are held on the third Saturday of each month. Register for our FREE workshop today.  

Step 4: Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage BEFORE starting the buying process allows you to make informed decisions.  A lender will pre-approve a borrower based on income, debt and credit scores. By getting this early green light, others involved in the process will know the buyer is serious about home ownership AND is well qualified. This pre-approval is also the starting point to how much home you can afford. Learn more at our Mortgage Center.

Step 5: Being a Savvy Buyer

Many First Time Home buyers start their searches by utilizing FREE online resources such as those here on  www.thepatrickteam.com. On this site, you have the ability to search through a large database containing millions of current homes on the market and gain access to local community data such as school information and recent neighborhood sales. Try to narrow your search for homes to a certain location, number of bedrooms and bathrooms that best suit your lifestyle and needs. Once you your needs and wants are compiled into a list, your real estate consultant will be better equipped to find homes that match your criteria. Start your search now!  

Step 6: Team of Professionals.

Make sure you chose a real estate consultant you trust will help you get the best possible price for a home of your choice. First time buyers rely on their real estate consultants to help identify a team of experienced professionals, such as title attorneys, mortgage lenders, & home inspectors.  You should be certain the real estate consultant that you choose has LOCAL market knowledge and a suitable list of those professionals.