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Floyd Salkey

Floyd Salkey
Skye Louis Realty
Coconut Creek, FL 33073

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First Time Home Buyer Experts


Buying a home can be exciting and nerve-wracking at the same time for first time home buyers. It’s hard to know exactly what to expect.

When buying a home, you’re not just buying a place to live, it is an investment. Take these five steps to prepare yourself for probably the biggest investment you will make in your life.

1.Find a reputable Mortgage Company.

Get pre-qualified. This is very important as a first time home buyer. You’ll be able to shop intelligently, knowing how much you can afford. A good mortgage broker can educate you on what you can do to take advantage of low interest rates. Additionally, they will provide you with the loan options available to you. They can also help with the calculation of debt-to-income ratio, monthly payment and upfront costs like down payment and closing costs plus offer advice on how to handle your personal accounts until closing.

2.Organize your documents.

First time home buyers need to document income and taxes. Usually, mortgage lenders request two recent pay stubs, the last 2 years W-2s, tax returns and the last two months of bank statements, including empty pages. Knowing what you need and where to find it will save you time and keep things moving right along.

3.Make a must have list.

Make a list of your must-haves, nice to have, and other essentials.

Print a copy and take it with you whenever you visit a house. Taking pictures when permitted, so you can check items off your list.

4.Consider all costs when budgeting for your home.

It does not stop at principal, interest, taxes and Insurance. Add in utilities, HOA, cost of commuting to and from. Add any repair costs and don’t forget to include the costs of moving into your new home.

5..Be sure to read all contracts before you sign.

It is very important for first time home buyers to understand the terms of their  contract. If you do not understand any of the conditions, ask your mortgage broker, real estate agent or title attorney. We work with the top professionals in each field to keep your exciting purchase moving right along

6.Hire a good inspection company                                                                                                      

First time home buyers should always get a professional home inspection. It’s important to know the condition of the property you’re buying a good home inspection will help avoid any unforeseen expenses.  A experienced agent will be able to negotiate any significant issues and get the seller to contribute in most cases.

7.Learn about the neighborhood demographics.

First time home buyers should know these facts: What is the quality of the schools, what kind of people live here? Are there more families or more singles? What percentage of houses are rentals?

8.First time home buyers, Don’t be quick to fall in love with a house.

The real estate market is hot right now. Properties in good shape are not staying too long on the market. Once you see a home that you really like, do not waste time, make an offer immediately and be ready to make a down payment in good faith.

The key to success when buying a home is to trust the experts. First time home buyers find real estate transactions very complex. Moreover, it’s always good to have an expert by your side when making a large transaction such as a home purchase.

We are experts, We hold your hand through the process and focus on getting the deal done.

Let’s Get Started First time home buyers!

Floyd Salkey
(954) 240-7061

Copyright © 2018, Floyd Salkey
MLS#: 3338386
All Rights Reserved


Southwest Ranches

Coconut Creek

Miami Beach

Cooper City

Coral Springs


Pembroke Pines




1625 N. Commerce Pkwy #105
Weston, FL 33326

Office: (954) 240-7061


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