Infographic: 12 Facts About First-Time Homebuyers | Dotloop

12 Fun Facts About First-Time Homebuyers

First-time homebuyers have many questions about the real estate transaction experience. We created this downloadable infographic and “First-Time Homebuyer’s Checklist” to help you guide them through one of the biggest decisions of their lives.

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First-Time Homebuyers Infographic + Checklist

One out of every two homebuyers are first-timers. Use these 12 fun facts to make a great first impression.

More Pro Tips to Help Guide You and Your Clients on the Home-buying Journey

Tip 1

Once your client finds a home in which they’re seriously interested and would like to make an offer, open a loop and share third-party lender information directly from the dotloop platform.

Tip 2

Only have a contact’s phone number? Text a listing to the prospect and any transaction documents you have using dotloop’s in-app Messenger. Messenger lets you send texts to phone numbers, emails and even group chats.

Tip 3

In a tight seller’s market, you might advise homebuyers to first obtain a full underwritten preapproval before starting their home search. This sends sellers a message that the buyer is serious and their credit and finances will pass the test.

Tip 4

Educate clients to avoid opening or closing any credit cards, making big purchases or taking out a new loan prior to the closing date. For best results, they should also try and pay down their existing credit balances to below 30% of the credit limits and make timely payments in full every month.

Tip 5

Guide clients to look at not only the house but the neighborhood and surrounding community as well. As an agent, you can help by providing neighborhood crime stats and school district information and by helping them compare commute times and proximity to public transportation — both high-ranking factors among first-time buyers.

First-Time Homebuyers Checklist

Easily update this checklist with your information and branding, then share it with prospects and clients to help them navigate their first homebuying process.