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4 Tips for First Time Home Buyers in Florida

Kara Yaquinta
By Kara Yaquinta - December 14, 2019

Feel like you’re aging out of your apartment? Don’t want to keep paying rent in South Florida? It’s okay to feel like this because you’re not alone. Being a first time home buyer in Florida can be an exciting journey, from picking out your home to decorating it and making it your own. However, before we get ahead of ourselves check out these tip, tricks and mistakes you’ll want to avoid when buying a home in Miami.

What First Time Home Buyers in Florida Should Know

Hire the Right Agent

hispanic woman realtor at open house

Before you start going crazy looking at homes for sale in Miami on Zillow and Trulia, take a step back and hire an agent. Not everything has to be purchased over the internet and your first home certainly shouldn’t be one. Realtors have access to the most up-to-date listings and some that may not be featured on websites. They also might provide a lot of insight into options for your first home. If you aren’t sure where to find a real estate agent in South Florida, start your search with HomeAdvantage or connect with one of our MLOs.

Have home buying questions ask our mlos

Don’t be Afraid to Negotiate

realtor and client negotiating home price

Often times, first-time home buyers think that the price listed is the one you have to take, but that isn’t always the case. You work hard for the money you make and should invest it how you want to invest it! Take this for example, while on your tour of a potential home you see that the cabinets aren’t up to date or notice a crack in the foundation. Those can be costly things to fix, which is why you shouldn’t be afraid to put in a counteroffer and either ask the buyer to repair these items as part of the deal or reduce the price based on the costs you will incur to make the fixes yourself.

Inspect the Home Thoroughly

expert inspecting house for sale

Say you found the perfect house and are ready to put in an offer. Before you do, make sure you have an expert come in and inspect the home. There’s nothing worse than investing in a home only to find out it has major defects. Not many people think to do this considering most homes in South Florida are newer construction, however damage can happen at any time, which is why it’s better to be safe than sorry.

Know What You Want and Can Afford

Young couple discussing budget for first home

One of the most important pieces of advice you can receive is to identify what you want in a home and determine what you can afford. If you aren’t sure how to prepare a budget or feel like you’re missing potential expenses, get help from a financial specialist. If you go into buying your first home blind you could make a lot of mistakes that may not be reversible, which is why it’s important to be strategic and transparent in your search.   

For more advice on first time home buying and mistakes you’ll want to avoid, check out what one of our experts has to say!

video sharing first time homebuyer tips

The content reflects the view of the author of the article and does not necessarily reflect the views of Tropical Financial Credit Union or its employees.
We do not guarantee the accuracy or completeness of the information presented in the article.