First-time homebuyers need a strong, knowledgeable real estate professional now more than ever; preferably, a real estate professional who doesn’t visit the past in how they work their business model, especially when it comes to first time homebuyers.
A new era has emerged, and working with first-time homebuyers should be a long-term relationship built upon trust, loyalty, integrity, responsibility, and accountability. To formulate this type of relationship the client needs to be placed on a true Action Plan that guides them through every step of homeownership. This type of plan might include ‘homework’ assignments where they can be held accountable and responsible for information that might be needed (i.e., documentation, credit letters, etc.). Along with this Action Plan, there should be regularly held informative meetings over the course of many weeks for the purpose of educating and providing direction pertaining to the very in-depth decisions which they are going to make. And with it, rid any intimidation during the process.
Allowing the time to have first-time homebuyers truly prepared gives the realtor an opportunity to truly understand the comfort zones and needs of the client, which also allows them to be readily prepared for any budget constraints that homeownership could bring. In addition, during the preparatory stages of the Action Plan, it allows for each party to become an explorer, gaining better clarity of what homeownership entails. The client learns about what they truly need in a home and a neighborhood. The realtor, through discovery of what will meet the clients’ needs, leads them on this journey to discover the perfect community, pricing and payments.
The door is open and the field is ready to be harvested when it comes to first-time home purchasers. Any quality realtor just needs to have patience and good communication when working with them, keeping them informed through a finely designed Action Plan. Above all, allow them to journey and enjoy the trip to homeownership.
Dennis Stewart
Vice President & Regional Director
Dennis.Stewart@rwnc.net