LIBOR offices will be closed Monday, June 26th in observance of Memorial Day. Have a happy and safe holiday!
Buying your first home is an exciting milestone. Whether you’re just starting to explore your options or ready to make an offer, Long Island Board of REALTORS® is here to empower you with trusted resources and expert advice to help you achieve your dream of homeownership on Long Island.
You’ve never owned a home before.
You haven’t owned a home in the past three years.
You’re now a single parent and previously owned a home only with a spouse.
These criteria are defined by the U.S. Department of Housing and Urban Development (HUD), and they open the door to special benefits and programs for first-time buyers.
A skilled REALTOR® can make all the difference in your homebuying journey. Here’s how to find the perfect match:
Ask for recommendations. Friends and family might already know a great REALTOR®.
Search for expertise. REALTORS® may specialize in first-time buyers, specific neighborhoods, or amenities like pet-friendly parks. Search for Long Island REALTORS® here.
Interview your options. A good fit is essential. Discuss their experience, services, and how they can help you achieve your goals. Consumer Guide: 10 Questions to Ask a Buyer’s Agent.
Once you’ve chosen a REALTOR®, you’ll sign a written agreement outlining their services and fees. Remember, REALTOR® fees are negotiable, so don’t hesitate to ask questions and customize the terms to fit your needs.
Financing is a critical step, and there are many options to explore:
Loan Types: Conventional, FHA, USDA, and VA loans each have unique benefits and requirements.
Down Payment Assistance: Federal and state programs may be able to assist you in covering your down payment, which is often the most significant step for first-time buyers.
Learn more from our partners at Down Payment Resource®.