If you need assistance, please call 215-519-1399

Buying your first home

Tuesday, January 29, 2013   /   by Martin Millner

Buying your first home

There are many benefits to home ownership.  Buying your first home will make you a part of the Bucks County  community you move into and you will experience the security and satisfaction of owning the roof over your head.


Some of the other advantages of homeownership include:


Building equity – you will be growing your assets as the value of your property increases


Huge tax benefits – you can deduct mortgage interest and property tax


You will be building your credit


Owning your own home is a big commitment and you need to take into account credit, cash flow and your savings.


That being said, right now is a great time for first time homebuyers to take advantage of record low interest rates and home prices.


Here are a few tips/suggestions for first time homebuyers:


Meet with a licensed mortgage broker (or three).  They will help you know what you can afford and what down payment and plans will work for you.


Find a knowledgeable agent. As a REALTOR®, I have earned many prestigious production awards. I have worked with people from all over the world. I have assisted many Fortune 500 companies with their relocation efforts. I have helped families buy and see real estate at all different price levels. Having lived in the area for over 20 years, I have a great deal of knowledge about the area, and am able to share that knowledge with buyers and sellers.


Take a class on home ownership so you can fully understand the financial commitment you are taking on.  You’ll need to understand insurance, taxes, budgeting, utilities, home warranties, credit scores and potential government programs available for first time home buyers


Ask lots of questions – of your agent, your mortgage broker, and home inspector.  These are the professionals that you have hired to guide you successfully through this process.


In Bucks County, there are multiple resources for first time homebuyers, including:


The Home Program


Bucks County Housing Trust Fund


Housing Rehabilitation Program


Brownfields for Housing Program


Give me a call (215-519-1399) or drop me an email and I will help educate you on the assistance that is available to first time homebuyers, and help you with your search for the perfect home.

Keller Williams Real Estate - Newtown
Martin Millner
12 Terry Drive, Suite 204
Newtown, PA 18940
215-519-1399
215-519-1399

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“The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Platinum Realty Team participates, and is provided by TREND through a licensing agreement.”

“The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”

Data last updated:July 23, 2024 “Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.” “Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.” Data Last Updated: July 23, 2024

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Martin Millner - Coldwell Banker Hearthside Realtors participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2024 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: July 23, 2024 11 AM.
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