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| How to Buy Your First Home the
Easy Way! |
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Avoid
10 Common Potentially Devastating Mistakes First Time
Home Buyers Make. |
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Buying
a home can be a "hair-raising" experience.
It can be a roller coaster of emotions...finding the
right place...securing the loan...moving in. And if
you're like most of us, your home will be your largest
investment. The emotions over such a large and personal
purchase can often cloud good business judgment.
Many home buyers do very little research before "diving
in" and investing their hard-earned money. Before
doing that, doesn't it make sense to be as informed
as possible? that's what this report is all about .
It's designed to help you avoid 10 common, critical
mistakes many home buyers make. If you follow these
10 suggestions, with the help of the right real estate
professional, you'll make a good sound business decision
that you'll be happy and proud of for years to come.
1. Inspect Inspect and Inspect--Go
over the inspection report with a fine tooth comb. Make
sure the report was done by a professional organization.
For condo purchases, go over the by-laws, and association
fees. Don't take anything for granted...inspect everything!
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2. Imagine the Property
Vacant--Your furnishings and decorations will be the ones filling
this new residence. Don't be swayed by beautiful furniture...it
leaves with the owner.
3. Income Plus Lifestyle Equals Mortgage
Payment--Sit down with a competent real estate professional
and honestly discuss your income level and living expenses.
Take into account future considerations like: children, add-ons,
amenities or fix-ups. Your dream home is certainly worth a sacrifice
but don't mortgage your entire future.
4. View Several Homes--See at least
3-5 properties. Don't move on the first property you see but...don't
move too slowly either. With your agent's help, you'll be able
to view enough properties to get a good overall perspective
of your market. And when you find the right property, all the
leg work will be worth it. |
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5.
Utilize Your Team--By aligning yourself with the right
real estate professional, you'll have an entire team
working for you. Top real estate professionals have
lenders, title reps, inspections teams--an entire group
of trained professionals to make the whole buying experience
simple and easy for you.
6. Be Columbo--Check out
all your costs and expenses before you sign: utilities,
taxes, insurance, maintenance and homeowner duties if
applicable. Make sure all utilities are on (gas, electricity,
and water), so you can inspect everything in working
order. Ask lots of questions and be very detail conscious.
7. Do a Final Walk-Through--visit
the property after all the furnishings have been moved
out to be sure there are no surprises. Be absolutely
positive the property was left exactly as you had agreed
upon in the contract. Many times, things are unintentionally
overlooked that could have been spotted in a final walk
through. |
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8. Plan for Flexibility--Closing
dates are not written in stone. Allow for contingencies and
have a back-up plan. If you or the sellers need a little more
time to conclude the final agreements, don't let these delays
upset or frustrate you. These types of circumstances are not
uncommon in real estate transaction.
9. If It's Not in Writing, It Doesn't
Exist--All promises and discussions are to be in writing. Don't
make any assumptions or believe any assurances. Even the best
intentions can be misinterpreted. Have your real estate professional
keep an ongoing log (in writing) of all discussions, and get
the seller's written approval of all agreements.
10. Loyalty Breeds Loyalty--Be open,
honest and up-front with your team. Hard feelings and disloyalty
will cause headaches, delays or may even keep you from getting
into the home you worked so hard to locate. Take the time to
select the right team in the beginning and your first home purchase
will be simple, easy and profitable experience you'll have fond
memories of....for years to come. |
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Other Questions? |
Our hope with this information has been to educate you
and help you avoid the pitfalls many home buyers go
through. We hope you found the ideas valuable and if
there is every any way we can be of service to you or
anyone you care about, please contact our office. Your
initial consultation is always completely free of charge
and you're under no obligation of any kind. We'll sit
down for 15-20 minutes...no high-pressure, just plain,
honest talk about what it's going to take to achieve
your personal goals. Go ahead, pick up the phone and
give us a call. We'd love to hear from you! 502-875-7919
(toll free) 866-875-7919 or e-mail us info@frankfortrealty.net
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