What every first time home buyer should know

Define your wants versus your needs. Making a list of wants and needs before beginning the search for a home can make the entire process less overwhelming.

Check your credit rating. Being approved for a mortgage is critical and a very easy process. With Coldwell Banker Mortgage, it is done with just a phone call from either an agent's office or anywhere there is a telephone. Having a pre-approval in hand affords a buyer strength in negotiating, particularly important in a highly competitive marketplace.

Investigate the neighborhood. Where are the schools and places of worship? How far is the nearest hospital or grocery store? Is commercial garbage collection available or do homeowners dispose of their own trash? These are basic, yet important questions that some first timers may not think of until after closing on a property.

Be an informed buyer. Some neighborhoods have deed restrictions such as exterior maintenance, lawn care or fencing. All too often, buyers aren't aware of restrictions that apply to their use of the property until it's too late.

Insist on a home inspection. Attend property inspections, be aware of environmental concerns and ask questions. A small investment of time and money could save buyers a lot of headaches down the road. Look for a property with a home warranty.

Get help with the details. Coordinating the many details of a move can be overwhelming for even the most experienced home buyer. Look for a real estate company that can help coordinate related services.