How to Buy Your First Home... the Easy Way! Avoid the Most Common Frustrating Mistakes First-Time Home-Buyers Make.
Buying a residence can be a scary experience, a roller coaster of emotions as you try to find the right place, secure the loan and finally move in.
For most of us, the first time home purchase is the largest investment we've ever considered. The emotions of buying something so expensive and personal can often cloud our business judgment.
Most home purchasers do little or no research before they invest their money. Doesn't it make sense to become as completely informed as possible before you buy your first home? This special report is designed to help you avoid common and crucial mistakes.
The right real estate professional can help you make sound business decisions based on your personal situation.
•1 Inspect, Inspect and Inspect- Go over the inspection report with a fine tooth comb. Make sure the report was done by a professional organization. There are many inspection companies, ask around or ask your realtor for a list of reputable inspectors.
For condo purchases, go over the by-laws and Association Fees. Don't take anything for granted... inspect everything!
•2 Imagine the Property Vacant- Your furnishings and decorations will be the ones filling this new residence. Don't be swayed by beautiful furniture; it leaves with the owner. The home must accomodate your furniture and decorating ideas.
•3 Income + Lifestyle = Mortgage Payment- Sit down with your professional real estate agent and honestly discuss your income level and living expenses. Take into account future considerations, children, add-ons, amenities and fix-ups. Your dream home is certainly worth a sacrifice, but don't mortgage your entire future.
•4 View Several Homes- See at least 5-8 properties. Don't move too slowly, but don't move on the first property you see. With your agent's help, you should be able to view enough properties to get a good overall perspective of the home market. When you find the right property, all the leg work will be worth it.
•5 Utilize Your Team- By aligning yourself with the right real estate professional, you will have an entire team at your disposal. Utilize your lender, title rep and agent. Each of them should work hand in hand for your benefit. Explore all the options before you sign.
