Welcome to the Savarese Realty Home Buyers Information Section, where we discuss what you need to know about buying a home in Salem County New Jersey. 

It is suggested you read our section on Salem County Neighborhoods before you start browsing the Multiple Listing Service (MLS) for homes available in the towns you select. In this website you will find everything from a Home Buyers Checklist to articles dealing with loans and financing, credit issues, budgets, inspections, real estate listings, and more.

First let the Real Estate professionals at Savarese develop a home buying checklist which will greatly simplify the process and help you focus on the important issues, for example:

• Become familiar with mortgages and get pre-approved: being pre-approved strengthens your offer when you find the right home.
• Find out your credit score and obtain a copy of your credit report (we can do that for you).
• Write down your housing needs and wants: consider size, location, style and your budget.
• Write down important questions your broker or agent can answer such as: How much house should I buy?  What mortgages and programs are available?  How much will the closing costs be? Should I get a home inspection?  Savarese Realty will answer these questions and suggest even more things to consider.

Now the fun begins- have Savarese Realty prepare a list of homes that fit in your parameters and start looking.

Last of all, Savarese will help prepare an offer once you have found the home of your dreams and guide you through the steps till you move in.

Information for First Time Home Buyers:

Buying a home is perhaps the largest single expenditure that a person makes in their lifetime. First time home buyers are often anxious about their home purchase. However, buying a home does not have to be the most stressful time. Knowing whether you are in a buyer's market or a seller's market can make all the difference in your offer to buy. Some of the questions a first time home buyer should consider are:

• How much can you afford to spend on your new home
• What are your financing options?
• What are you responsible for and what is the seller?

New Jersey has a first time home buyer program with very low interest rates and offers grants toward the down payment of your house. This program is offered through the state of New Jersey to help first time home buyers get into their own homes. As the rental market is climbing and values of houses are falling, it is a great opportunity to look into buying your first home and pay the same amount that you are paying now for your rent.

Previous and current homeowners may still qualify:

If you haven't owned a house within the past 3 years you can qualify for the first time home buyer program, but in some townships there are areas where you would be able to get this loan even though you own a house already, as long as you sell your house before you buy your new one. 

The New Jersey multiple listing service has hundreds of houses for sale on the market in your price range! Knowing what to do helps. Working with the right financing partner, lawyer, and realtor can make all the difference. Good planning, a clear understanding of your needs, and a guide who can help research houses for sale in your chosen price range and locale and otherwise clarify and negotiate this sometimes challenging home buying journey, will help you find and purchase the home you are looking for.