Buying Santa Fe Real Estate for the first time

Where do you start?

Start by learning financing basics and organizing your debt and income. Have a pre-approval letter in hand when submitting an offer to sellers and it will show you have done your homework ahead of time and are a serious buyer.

When you buy your first home, making monthly payments probably won't be a problem. After all, you're already paying rent to your landlord each month. It's coming up with the lump sum needed for a down-payment that may seem impossible. Fortunately, there are options to make buying your first home a happy reality. Our Great Falls real estate affiliate has excellent sources for first time home buyers.

• First time buyer programs. There are several local or federal government programs that help first time buyers get into the Santa Fe real estate market. Ask us about these options.

A bank or mortgage lender. Your bank or credit union may help as well. Are you debt free and own something free and clear, like a car? Your lender may lend you the down-payment by securing it against this asset.

• Seller carried contracts. Look for a seller to help you buy and finance your home. Some sellers are willing to carry the contract themselves and will waive the down payment. You may only have to pay the monthly mortgage payments.

Tax Credits for First time home buyers. This year is a great year to buy a home as the government is offering first time home buyers an $8000 credit on their 2009 taxes. (our Yuma real estate professionals have a great FAQ on this topic). If you buy a home for the first time ever in 2009 you are eligible for an $8000 tax credit. There are certain income restrictions and location restrictions so to learn more our Enterprise real estate partner has a great article or speak to one of our agents.

~ Start your online search now for Santa Fe Real Estate ~

REAL ESTATE SOURCES:   The Alamo/Nelson Team is your source for excellent service in the Alamogordo real estate region. With buyers and sellers agents available, you can be sure your real estate transaction will be carried out with honestly and dedication to your specific need.
We have excellent connections in Sedona real estate area for all buyers and sellers of condos and homes in Sedona.  For all Southern Utah real estate contact the Porter Team.  Feel free to visit these sites for more valuable real estate information. 
Search the entire Sedona real estate area with Sedona-Properties.com. I can help you buy or sell any real estate for sale around Sedona Arizona.