No matter how much time you spend on researching and educating yourself about your home purchase, it’s hard to cover every detail. Here are a few tips for avoiding rookie mistakes with your first home purchase.
Save as early as you can: Even if you think you’re years away from buying your first home, try to start saving for your down payment. It makes a huge difference in your monthly payments, and helps avoid paying Private Mortgage Insurance.
Be thorough with mortgage shopping: There are countless resources out there that can help you get the best terms for your mortgage. It may seem like a lot of work to shave less than a point off your mortgage rate, but it’ll save you thousands in the long run.
Consult a skeptic: You’re likely to fall in love with a home, and that can make it difficult to take problems seriously. Bring along a skeptical friend or family member who can give you an honest opinion.
Be patient with getting settled: You’ll be anxious to make your new home your own, but take some time to see how your budget truly shakes out. In other words, hold off on big furniture purchases and remodeling projects.
Make sure you’re happy with the neighborhood: The house may be perfect, but don’t discount the surroundings. You don’t want to end up in the suburbs if you’re going to miss walking to your favorite coffee shop, and you don’t want to settle for the city if you’re looking forward to some peace and quiet.
Author:Chris Soignier Phone: 817-480-9514 Dated: September 12th 2016 Views: 167 About Chris: Serving clients in Northeast Tarrant County and surrounding areas, I'm also an active real estate in...
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"Sheree is such an upbeat person and always a pleasure to deal with. Quick to respond to any questions or concerns through our search and through the purchase. I traveled quite a bit while looking for a new home. Sheree worked around our family schedule. She made sure all documents and aspects of our purchase went smoothly. I appreciated her ability to work over email, phone and fax when needed. Sheree also negotiated well on our behalf to ensure the home was move in ready and on schedule. She was patient but always kept the process moving forward. This was my fourth home purchase. Definitely the best experience overall."