If you need assistance, please call 616-299-9944

Advice for First Time Buyers

Pre-Qualification:

Meet with a mortgage broker and find out how much you can afford to pay for a home.

Pre-Approval:

While knowing how much you can afford is the first step, sellers will be much more receptive to potential buyers who have been pre-approved. You’ll also avoid being disappointed when going after homes that are out of your price range. With Pre-Approval, the buyer actually applies for a mortgage and receives a commitment in writing from a lender. This way, assuming the home you’re interested in is at or under the amount you are pre-qualified for, the seller knows immediately that you are a serious buyer for that property. Costs for pre-approval are generally nominal and lenders will usually permit you to pay them when you close your loan.

List of Needs & Wants:

Make 2 lists. The first should include items you must have (i.e., the number of bedrooms you need for the size of your family, a one-story house if accessibility is a factor, etc.). The second list is your wishes, things you would like to have (pool, den, etc.) but that are not absolutely necessary. Realistically for first-time buyers, you probably will not get everything on your wish list, but it will keep you on track for what you are looking for.


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Homes by Hazard | Keller Williams North
Marilyn Hazard
3237 Platinum St NE
Grand Rapids, MI 49525
616-299-9944
Rick Veldman
Branch Manager
NMLS# 525375
Direct: 616-965-2505
1600 E Beltline Ave NE #210
Grand Rapids, Michigan 49525


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Information is provided exclusively for consumers’ personal use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate by the MLS.
Copyright 2020 MichRIC, LLC. All rights reserved.
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