The Blog ofLance Ubben- Keller Williams Realty Sioux Falls

First Time Home Buyers 101

Any homeowner can attest that there was a lot that they didn’t know when buying their first home. That is why using a reputable Realtor is key to making sure the home buying process goes smoothly. Your Realtor will guide you through the steps to buying a home. What Realtors want you to know is that they want you to be happy! A happy customer always means repeat business or referral business, which is how they make a living. They are here to help you through!


Home Inspection


Realtors and your mortgage company want you to know what you are buying. This is why they tell you to get an inspection. Having an inspection done on your potential home can save you a lot of heartache down the road. A home inspector can spot things that you as the homebuyer wouldn’t necessarily look at. They will point out the faults in the home, not to deter you from buying, but so you know what you may need to replace or repair while owning your home.




The mortgage company will also require you have an appraisal on the home. This informs you and the bank of the value of the home. The appraisal is based on the condition of the home, and its comparable homes that have sold recently.


Home Warranty


After these two have taken place you are making your final offer to the sellers. Consider asking your Realtor about a home warranty. They will be happy to tell you about it. It is a warranty on the home systems and appliances. The warranty is a great way to put your mind at ease for the coming year of any issues that may arise. This insurance covers items in your home like refrigerator, stove, oven, dishwasher, washer, dryer, microwave, furnace and air conditioning unit. You can ask the sellers to include this in closing. If they won’t the annual cost is only about $400. Likewise when you go to sell your home adding a home warranty can increase the presumed value of the home.




Your Realtor wants to ensure that you are happy with your purchase and even down the road. If something unexpected were to go wrong with your home it is good to know you researched and investigated your home before buying it. This will help you know what costs you might incur while owning your home. Some expected some unexpected. Home buying is different each time always be sure to learn about your potential home before buying it!

guest post by Sarah Callahan