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.
You probably have read that your first step, prior to looking for homes, is to go to a lender and get pre-approved. This is a great first step. This will tell you how much money your lender will be willing to loan you and when you add this to the amount you have saved for the down payment, you get a total amount that you can spend. However, it is wise to note that you are in no way required to spend as much as you are able to get. Crunch your budget numbers and see what you are really comfortable paying each month. Be sure to figure in all of your monthly expenses as well as new home-related expenses you will incur, such as the property taxes and insurance for your home. Homeowner association dues are another expense to add in, as well.
Never judge a book by its cover and don't judge a home by its appearance either. For instance, you might be turned off by the mess or outdated decor in a home, but it is important to remember that the seller's clutter and decor are not permanent. Decor can be changed and updated. Likewise, a house that is decorated exactly the way you love is great, but the home truly needs to suit your family beyond the ascetics. The house might look fantastic on the surface, but actually need new plumbing and a new roof.
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.
You probably have read that your first step, prior to looking for homes, is to go to a lender and get pre-approved. This is a great first step. This will tell you how much money your lender will be willing to loan you and when you add this to the amount you have saved for the down payment, you get a total amount that you can spend. However, it is wise to note that you are in no way required to spend as much as you are able to get. Crunch your budget numbers and see what you are really comfortable paying each month. Be sure to figure in all of your monthly expenses as well as new home-related expenses you will incur, such as the property taxes and insurance for your home. Homeowner association dues are another expense to add in, as well.
Never judge a book by its cover and don't judge a home by its appearance either. For instance, you might be turned off by the mess or outdated decor in a home, but it is important to remember that the seller's clutter and decor are not permanent. Decor can be changed and updated. Likewise, a house that is decorated exactly the way you love is great, but the home truly needs to suit your family beyond the ascetics. The house might look fantastic on the surface, but actually need new plumbing and a new roof.
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 likes reading real estate blogs. If you are looking for licensed Fredericksburg real estate agents, or to find Fredericksburg homes for sale, please check out the NixonRealEstate site today.
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