Thank you for tuning in to NextView podcast with host, Tia Moore. NextView is your resource for all things real estate and business.
So you decided that you're ready to buy a house. Perhaps this is your first purchase, or maybe you've bought real estate in the past, but it's been awhile. Well, wherever you are in the journey, I'm glad it brought you here to NextView Podcast. Today I'm going to be talking about where you can start because if you're anything like I was when I purchased my first home, you have enough information to be dangerous, but you don't know what you don't know because you want to avoid mistakes, right? So inevitably, I would say the thing that we have in common the most is we usually all start with a Google search. Perhaps that's even how you found this podcast, but ultimately nine times out of 10, when we all think about doing something new, taking on a different challenge, it all starts with Google.
So what happens after you Google? There's so much information that you find online. So you're wondering what can you trust, what information is accurate? Is this information still UpToDate? Because sometimes the, you know, the information that comes up in the first page and Google is seriously dated. Well that's what we're going to be talking about today. On this podcast I'm going to talk about what resources are available to you as a first time home buyer and what exactly does home first time home buyer mean. It does not mean that this is the first time you purchased a home that might be surprising to some of you guys. So tune in and we'll talk about that. We're going to talk about who to trust, um, how you can choose your realtor, how you can choose your loan officer. So we want to make sure that you have all that information so that it, it helps you make a great journey into, you know, pushing you out there to, you know, get your first home purchased or your next home purchased.
So resources, what resources are available. The number one question we get asked is what down payment assistance is available. Okay. So most people think that down payment assistance is only available for first time home buyers in Arizona for down payment assistance. A lot of times it's not necessarily just that you're a first time home buyer, you just can't be a homeowner at the time of your purchase. So let me explain that to you. So, or give you a couple of examples. So one example is let's say you do not own a home, it's your first purchase and um, but you have, or maybe it's your first purchase or maybe you just don't own a home right now, but it's not your first purchase. Well that consent you would be eligible for down payment assistance in that regard. Um, ultimately with down payment assistance, there are some other qualifiers and I'll get into that a little bit.But again, I'll repeat that example. So let's say you do not own a home right now. You have owned one in the past, you still may be eligible for down payment assistance. Okay, here's another example. Let's, you currently own a home, but you're selling a house and you're buying a new one. Well believe it or not, you may be eligible for a first time home buyer or some type of a down payment assistance program. So I had a client that was purchasing a home and they owned a home already. So they were selling that house and then they were going to use down payment assistance. This helped a ton because they didn't have a ton of equity in the home, but they had to move for work because they own the house for only a short period of time. So, um, the area where they purchased, a lot of the buyers were asking for closing cost assistance.
So they really needed as much help as they could get moving into their new place. And so they were eligible for down payment assistance because they sold their house first and then they were moving into the other one. So it was only a one day difference. So for example, they sold their house on October 31st and t