Buying a home is such a huge purchase, and it's often a bit intimidating to know exactly what to do throughout the process. Even seasoned veterans can make some mistakes along the way. Here are a few of the most common mistakes you can make and how to avoid them.
People often begin looking without really sitting down and thinking about the budget. First, contact a lender and get pre-approved for a loan. This costs a small fee, but it really helps you figure out exactly how much you can spend. Keep in mind that you don't have to spend as much as the lender is willing to lend to you. You absolutely can spend less money, and you should if you anticipate feeling overwhelmed by your monthly mortgage and home costs. When budgeting, don't forget to add in homeowner's association fees, insurance and property taxes, which definitely affect your bottom line.
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.
If you wish to purchase a home in Texas Hill Country, the team at Nixon Real Estate is available to help. They can find great Fredericksburg, TX real estate, Kerrville real estate or homes for sale throughout Texas Hill Country. They also can help you find inspectors and answer questions about closing costs and escrow.
People often begin looking without really sitting down and thinking about the budget. First, contact a lender and get pre-approved for a loan. This costs a small fee, but it really helps you figure out exactly how much you can spend. Keep in mind that you don't have to spend as much as the lender is willing to lend to you. You absolutely can spend less money, and you should if you anticipate feeling overwhelmed by your monthly mortgage and home costs. When budgeting, don't forget to add in homeowner's association fees, insurance and property taxes, which definitely affect your bottom line.
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.
If you wish to purchase a home in Texas Hill Country, the team at Nixon Real Estate is available to help. They can find great Fredericksburg, TX real estate, Kerrville real estate or homes for sale throughout Texas Hill Country. They also can help you find inspectors and answer questions about closing costs and escrow.
About the Author:
Pammy McGrath likes reading about real estate blogs. If you are looking for licensed Fredericksburg real estate agents, or to discover Fredericksburg homes for sale, please check out the NixonRealEstate site now.
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