The Smart First-Time Home Buyer's Guide:
Avoid Making First-Time Home Buyer Mistakes
Thomas.K.Lutz
Copyright 2018 by T.K.Lutz
All Rights Reserved
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Table of Contents
B UYING A HOME IS A staggering life-changing decision. The experience of buying a home is intimidating and complex at best. So many things can run through your mind when you think about the perfect home you have always been dreaming of. It becomes even more nerve-wracking when the prospect of buying this perfect home looms above for you. There are limitless options and there is just about everything that you need to decide, re-consider and settle on. The sheer magnitude of the task of buying a home alone dampens your spirits and you begin doubting you could ever buy a home.
However, the admittedly unknown and often daunting territory of buying a home should not dissuade you from getting a home. If you want to avoid feeling too misplaced or weighed down during the entire process of buying a house, zero in on the two basic guiding principles of effective research and abiding thoroughness. Your buying choices must be backed up by an ample amount of research and you must not leave any corner unturned. You must be extremely, hair-splittingly thorough and diligent in the home buying process.
When you stumble across the phenomenon of buying a home, you will find that there will be a myriad of different challenges. Some will be very easy, like picking the right location and then there will be some, which will require professional help and advice, like managing funds and home-buying loans.
With the help of this detailed, in-depth tutorial, the entire buying process will become much easier. You will know exactly what to expect. Nothing makes something more difficult than not knowing what is in store for you. The element of surprise can take you down more than anything else. Some basic steps which are involved in the home buying process include choosing your preferred location, whether rural or urban, what kind of neighborhood are you looking for, is it a school district, proximity to work, or places to buy groceries, all of these are important factors to consider when choosing a location for your home.
Other factors include the kind of house that best suits your needs, and what is your budget, loan processes and details, finding a good and reliable agent, perusing through the various options outlined, settling on the perfect option, writing an offer and going through the escrow process, getting insurance, packing, shifting and finally, becoming a satisfied homeowner.
Common Mistakes That Many Homebuyers make
T HERE ARE SOME OBVIOUS hurdles and mistakes that you must avoid when buying a home.
Mortgage Season; a Great Time to Buy a Home?
Often, homebuyers get overwhelmed during the low mortgages season. The housing market is not stagnant, they fluctuate a lot . Due to many reasons, during the low mortgage season, it feels like it's the right time and you feel sure that this is the prime time to buy a home. However, you must not get swayed by the suitability of the time alone. There are many things that need to be kept in mind when buying a home, even if the time seems incredibly right. Just because the time is right, it does not mean it is the right time for you , especially if you will be moving soon. If the prospect of moving is in the near future, investing in a house will not be a good idea.
So Much to Buy Such Little Money
Always remember that big money is involved when you are buying a house. Extra features, which seem rather extremely appealing, will involve a large amount of money and that added little facet of wooden windows will cost you a lot . When you are buying houses, you will feel inevitably scatterbrained and giddy. There are so many exciting new features, a delectable little patio, a backyard tucked in the corner, and a little balcony it is extremely hard to say no to these. When buying a home, make sure you do not digress. You must know your limit and you should be prepared to seriously invest.
Eyes Too Big For Your Pockets
We have all heard of the phenomenon eyes too big for your pockets; before you decide to be infatuated with a property, make sure you have your financial situation under control. Try not to look at properties which are beyond your budget; you will not only waste your time, you will also make your buying process increasingly difficult. You will never be able to settle on those that lie within your budget limits when you have your heart set on something which clearly exists within an entirely different realm.
Control Your Impulse
Impulsive and quick buyers should not let their all-too-eager and rash streak run the show for them. Instinct and the sudden whim should take the back seat when you are buying a home. Home buying has a lot to do with your feeling towards the home which you really like, but it also has a lot more to do with the gritty details of the financial investment, budget, and credit.
Real Estate Agents: Dial Back on the Naivet
First-time homebuyers often get so overwhelmed by the whole process of buying a house that they feel ever thankful to the real estate agents. However, it is very important to not be gullible and not fall into the several traps that the agents often line up for nave homebuyers. It is very important to know where your agents interest lies. If your agent has vested interests in the other party, you can rest assured that everything will not go as you have planned. This often happens in the case of dual agents.
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