Even though a home purchase is a huge investment, people still tend to some mistakes when they buy their home. Even a person who has purchased several homes can make a few of the more typical home buying mistakes. Many of these mistakes can be avoided quite easily, however, and here's how to get the most out of your home purchase.
Often people forget to really plan prior to searching for a home. Not only do you need to get pre-approval for a home loan, but you need to really decide how much you feel comfortable paying each month for your home. If you are pre-approved for $400,000, this doesn't mean you actually have to spend that much. The pre-approval amount plus your down payment are simply the maximum amount of a mortgage you are able to afford, but you might be hoping to have a bit more disposable income or money placed in savings, and that is fine. Remember that there are other costs aside from the mortgage payment, such as house insurance, property tax and association dues.
Never let your emotions rule your home search. So often you enter a home that really does not appeal to your sensibilities. It could be the dcor that hasn't been changed since the 1980s or it could be that the homeowner has painted every wall of the house a different shade of pink. You might hate the dcor, but if the home is in great condition and has all of the rooms and room sizes you need, you need to remember that many decorative features can be changed easily. You also should never fall so in love with the look of a home that you become blind to its faults. Sometimes it looks just the way you want, but if it is lacking that much-needed fourth bedroom or has a tiny kitchen with no storage, how can you fix that?
Once you find a house you really love, don't jump in until you really consider the location. A home on a busy street or across from a school or church might end up being too disruptive to your life. A home too far from shops, stores and restaurants also might end up being irksome. If it's a long drive to work, you might easily become sick of that long commute. If the schools aren't great, this could end up being a problem as well and even if you don't have kids, goods schools equal higher property values. Drive around the neighborhood, glance at the homes and yards of other neighbors. Visit in the early morning, in the afternoon and at night to judge the noise level.
These days, some people tend to think that they don't need a realtor to help them with the buying process. After all, aren't all the listings already on the internet? While it is true that it is now much easier to find homes to consider buying, having a real estate agent is huge asset, especially for a buyer. They will present your offer and help you negotiate the best price, help you deal with any problems that arise during escrow and offer helpful advice about most real estate issues. They also often have the line on homes about to go on the market or sellers who recently pulled off the market but are still considering a sale.
The team at Nixon Real Estate is ready and willing to help anyone searching for Texas Hill Country real estate. This includes homes for sale in Fredericksburg, San Antonio homes for sale, Kerrville homes for sale or real estate in other Texas Hill Country towns and cities.
Often people forget to really plan prior to searching for a home. Not only do you need to get pre-approval for a home loan, but you need to really decide how much you feel comfortable paying each month for your home. If you are pre-approved for $400,000, this doesn't mean you actually have to spend that much. The pre-approval amount plus your down payment are simply the maximum amount of a mortgage you are able to afford, but you might be hoping to have a bit more disposable income or money placed in savings, and that is fine. Remember that there are other costs aside from the mortgage payment, such as house insurance, property tax and association dues.
Never let your emotions rule your home search. So often you enter a home that really does not appeal to your sensibilities. It could be the dcor that hasn't been changed since the 1980s or it could be that the homeowner has painted every wall of the house a different shade of pink. You might hate the dcor, but if the home is in great condition and has all of the rooms and room sizes you need, you need to remember that many decorative features can be changed easily. You also should never fall so in love with the look of a home that you become blind to its faults. Sometimes it looks just the way you want, but if it is lacking that much-needed fourth bedroom or has a tiny kitchen with no storage, how can you fix that?
Once you find a house you really love, don't jump in until you really consider the location. A home on a busy street or across from a school or church might end up being too disruptive to your life. A home too far from shops, stores and restaurants also might end up being irksome. If it's a long drive to work, you might easily become sick of that long commute. If the schools aren't great, this could end up being a problem as well and even if you don't have kids, goods schools equal higher property values. Drive around the neighborhood, glance at the homes and yards of other neighbors. Visit in the early morning, in the afternoon and at night to judge the noise level.
These days, some people tend to think that they don't need a realtor to help them with the buying process. After all, aren't all the listings already on the internet? While it is true that it is now much easier to find homes to consider buying, having a real estate agent is huge asset, especially for a buyer. They will present your offer and help you negotiate the best price, help you deal with any problems that arise during escrow and offer helpful advice about most real estate issues. They also often have the line on homes about to go on the market or sellers who recently pulled off the market but are still considering a sale.
The team at Nixon Real Estate is ready and willing to help anyone searching for Texas Hill Country real estate. This includes homes for sale in Fredericksburg, San Antonio homes for sale, Kerrville homes for sale or real estate in other Texas Hill Country towns and cities.
About the Author:
Pammy McGrath enjoys reading real estate blogs. If you are looking for licensed Fredericksburg real estate agents, or to discover Fredericksburg homes for sale, please visit the NixonRealEstate.com site today.
No comments:
Post a Comment