A home is a place of residence or refuge and comfort. It is usually a place where an individual or usually a family can rest and relax, communicate, share, feast and be able to collect and store their personal properties. Therefore it is important that when you consider a place to call your home, it must be a safe and pleasant place to be in.
Buying a house is more often than not, the single largest investment most people ever make; yet all too often it's a decision made in rush without adequate thought and preparation. In this article we will explore some of the house-buying mistakes to watch out for in your property hunt.
Love at First Site: Buying a home should be a business decision, but sometime your emotions get in the way. Make a list just like shopping for Groesry make sure you have all the things your famiy needs such as schools, parks and most of all how you taught about sex offenders and crime in the neighborhood.
Pre-qualified and Pre-approved Financing Being pre-qualified gives you a general idea of how much you can afford to borrow and keeps you from finding the prefect home out of your price ranges. Also it always you to present a stronger offer to the seller
Over-Buying You may qualify to borrow more, but you have to ask yourself again whether you can afford it or not and still enjoy life. My son came to me and told me he could qualify for 200,000 I told him I would help him with 125,000. He found that hard to believe until I should him the payments between the two.. He purchased a home for 125,000
Resale You should avoid buying a home that costs much more than neighboring homes and think before buying the most expensive house in the area. As a first time home buyer this will not be your last home look at your purchase as any other buyer would...What bothers you will bother other buyers. Buy your home thinking that someday you may need to sale it.
House Inspection It is well worth your money engaging a House Inspector to check out the house to make sure you are not purchasing a money pit. It will also help you understand the workings of the home when your inspector explain the home good or bad.
Buyer’s Remorse No place is perfect. There will always be surprises. Don’t let a few initial blips spoil the whole ride. And don’t miss a great house waiting for the perfect one! Failing to jump on an opportunity with interest rate being at a 50 year low what are you waiting for. To much shopping around can backfire. When you have done your homework and when you see something that matches your needs and like, GO FOR IT!!!
Now is a great time for buying
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