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How
to Buy Your First Home....the Easy Way Avoid the 10 Most Common, Painful, Frustrating
Mistakes First-Time Home Buyers Make
Buying a residence can be a hair raising experience. You will experience a roller
coaster of emotions while finding the right place, securing the loan and finally
moving in. For most of us, the first time home purchase is the largest investment
we’ve ever considered. The emotions of purchasing something so expensive
and personal can often cloud our business judgment.
Most home purchasers do little or no research before they invest their nest egg.
Doesn’t it make sense to become as completely informed as possible before
you buy your first home? This special report is designed to help you avoid 10
common and crucial mistakes. The right real estate professional can help you make
good sound business decisions based on your personal situation.
- 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 CC&R’s, By-Laws, and Association Fees. Don’t take anything for
granted... inspect everything!
- 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.
- Income + Lifestyle = Mortgage Payment - Sit down with your professional real
estate agent and honestly discuss your income level and living expenses. Take into account
future considerations, children, add-ons, amenities, and fix-ups. Your dream home is
certainly worth a sacrifice but don’t mortgage your entire future.
- View Several Homes - See at least 7-10 properties. Don’t move too slow but
don’t move on the first property you see. With your agent’s help you should be
able to view enough properties to get a good overall perspective of the home market. When
you find the right property all the leg work will be worth it.
- Utilize Your Team - By aligning yourself with the right real estate professional
you will have an entire team at your disposal. Utilize your lender, title rep and agent.
Each of them should work hand in hand for your benefit. Explore all the options before you
sign.
- Be Columbo - Check out all costs and expenses before you sign. Utilities, taxes,
insurance, maintenance and home owner dues if applicable. Make sure all utilities (gas,
electricity, and water) are on during tyour walk-throughso you can inspect everything in
working order. Ask lots of questions and be very detail conscious.
- Do a Final Walk-Through - Visit the property after all 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. Things that could have been spotted in a
final walk-through are often unintentionally overlooked.
- 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 arrangements, don’t let these delays upset or frustrate you. These
types of circumstances are not uncommon in a real estate transaction.
- If It’s Not In Writing, It Doesn’t Exist - All promises and discussions
should be in writing. Don’t make any assumptions or believe any assurances. Even the
best intentions can be misinterpreted. Have your professional keep an ongoing log in
writing of all discussions and get the seller’s written approval on all agreements.
- Loyalty Breeds Loyalty - Be open, honest and up front with your team. Hard
feelings and disloyalty will cause head aches, 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 a pleasing and memorable experience.
We sincerely hope these tips and ideas are of value to you. If there is
any way we can be of service please contact our office.
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As
your Real Estate Specialist, our job is to help you..... help you find a
home that meets your lifestyle, location and budget requirements within
the time frame that you need to purchase and occupy the home. 
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