Happy Monday to all of you, and if you are thinking of buying a home in the near future, you came to the right place.
I thought I would share some advice on home-buying. It can seem like a huge life change, a big decision, a large investment, and all of that is correct. But if you go about it the right way, “unlocking new doors” can be a smooth road.
- Buy a little less house than you can afford. We all want a large home, don’t we? And while this is a great goal, you will be more stress-free if you make realistic, smart choices about your mortgage. Someone once told me, “Don’t be house rich and cash poor.”
- Visit the house at different times of the day. It’s a good idea to drive past a potential house a couple different times, to see the atmosphere, and how the neighborhood works around it.
- The 30-year loan isn’t for everyone – explore more options! Sure, the 30-year loan with a fixed interest rate is the most popular option, but mortgage lenders also suggest other ideas, like 15-year loans. You need to make a decision on what is best for YOUR financial situation – not what is the most popular.
- Is there any upcoming construction? While I am a huge advocate for the growth of the community, it is always a good idea to do some research of the area you are looking to move to. You never know if there are plans underway to build more buildings, which adds more noise, traffic, and business. Just don’t be blindsided, that’s all.
- If you have children, leave them at home. Buying a house is a huge decision, and one you need to be able to focus on. Plus, there is also the risk of the children falling in love with a home that you don’t intend to purchase. Just avoid that altogether.
And of course, my favorite advice – talk to a realtor! I am here to help, seriously. My goal everyday is to help make the home-buying journey smooth for everyone in my community. Have a great week, friends!
Ericson, Cathie. Real Estate News and Advice | Realtor.com®, Realtor.com, 17 Oct. 2018
Leave a Reply