First Time Home Buyer Guide
28 April, 2024
Take your first step toward making the dream of home ownership a reality. Here’s what first-time home buyers need to know.
First-Time Home Buyer Guide
As a first-time home buyer, navigating the complex world of real estate can be overwhelming. But fear not, we’re here to guide you through the process step by step.
Determining Affordability
Before you start house hunting, it’s crucial to understand what you can afford. Our free online prequalification service helps you gauge your budget, empowering you to search confidently.
Understanding Credit Scores
Your credit score plays a pivotal role in securing a home loan. With scores above 640 considered good and 670+ excellent, we provide insights into improving your score to enhance your chances of loan approval.
Navigating the Offer to Purchase
Signing the Offer to Purchase marks the beginning of your journey to homeownership. Our expert agents ensure you understand the agreement’s intricacies, including vital clauses like the 72-hour clause.
The Importance of the Deposit
Typically ranging from 10-20% of the purchase price, the deposit influences loan approval and interest rates. Discover options like the 100% home loan tailored for first-time buyers.
Securing a Home Loan
Applying for a home loan can be daunting, but our comprehensive comparison service simplifies the process. Explore offerings from multiple banks to find the best fit for your financial needs.
Post-Approval Procedures
Home loan approval isn’t the final step. Navigate legal procedures like bond registration and transfer with ease, ensuring a smooth transition to homeownership.
Start Your Journey Today
Take the first step toward owning your dream home. Our team is here to assist you at every stage of the process, from prequalification to securing a home loan.
Get Started
Ready to embark on your homeownership journey? Get prequalified for a home loan today or speak to one of our experts for personalized guidance.
Your Trusted Partner in Real Estate
At Think Real Estates South Africa, we’re committed to helping first-time home buyers achieve their homeownership goals. With our expertise and guidance, your dream home is within reach.
Call Amien Railoun on 021-7071213 or 0847345868 today ( click link below to complete form)