Know What You Can Afford
One of the biggest mistakes buyers make is overestimating what
they can afford. If you make a home buying decision on what you may afford in the
near future, you can find yourself over you head. Just be realistic. Remember
you may be living in you new home a while and you will have other expenses.
Shop and Compare
Don't decide to fast, or too slow. Be sure to pace yourself.
If you manage to see several homes, you'll have a better idea of what you're looking for
and how much it should cost.
Choose The Right Agent
You will be spending a lot if time with your agent and entrusting
them with one of the most important decisions of you life. Look for an agent with an
impressive track record, sharp instincts, sound skills, and personal qualities you admire.
Be Mortgage Minded
So some homework before you shop. Familiarize yourself with
points, Lender's fees, annual percentage rates, interest fees, earnest money and
What's Your Credit Rating
Check your credit report. If there are problems with your
credit, be as honest as possible.
Pre-Approval Makes For A Quicker Sale
Pre-approval shows the seller that you mean business, and often
makes them receptive to a lower offer.
Don't Forget Expenses
Don't forget the cost of utilities. You may love that big house, but when you find that it
costs nearly as much to heat it as your payments, you may reconsider.
Inspection and Inspectors
It is critical to have a home inspected by a certified home
inspector. A certified inspector will examine everything so you'll know just how
much of a fixer-upper you're buying into. A quality home inspection can cost a bit
of change, but it could end up saving you thousands in the long run.
Don't Haggle Yourself Out Of a Home
For every home you'll look at that's overpriced, there are two
others that are priced right. If you really love the home, and your agent says it's
a steal, take it. Haggling often turns a seller off, and results in many buyers
losing the home of their dreams.
Buying a home is a large and important investment. Don't
Buy a home you don't really want just to get it over with. Once you have found a home you
really want, be flexible when it comes to closing dates. Plan ahead so that you
won't be left out in the cold when the closing date is set back.
I hope that this information has been helpful to you. If
you have questions about anything at all, don't hesitate to contact me, I'd love to help.