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How to Stop Paying Rent Forever and Own a Home Of Your Own! Avoid 10 Common Potentially Devastating Mistakes...
Paying rent is like pouring money down the drain. It is true that buying a home can be a hair-raising experience. It can be a roller coaster of emotions...finding the right place...securing the loadn...moving in. And, if you are 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 judgement.
Many home buyers do very little research before "diving in" and ivesting 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 is designed to help you avoid 10 common, critical mistakes many home buyers make. Following these suggestions will help you make a sound business decision, one you will be happy with for many years.
1) INSPECT.... Be Columbo, go over the inspection report of a professional you hired. Make sure you know what needs to be done after you purchase the home before you buy.
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 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. View enough properties to get a good overall perspective of your market. Compare pluses and minuses. Schedule a second viewing of the home you like the best.
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, inspection teams, - an entire group of trained professionals to make the whole buying experience simple and easy for you.
6) Check out...all the costs and expenses before you sign: utilities, taxes, insurance, maintenance and homeowner dues, if applicable. Make sure all utilities are on (gas, electricity,and water), so you can inspect everything in working order. Ask lots of questions....
7) Do a Final Walk-Through- Visit the property after all the furnishings have been removed. The property should be broom swept clean and left as agreed upon on the P&S agreement. Many times, things are unintentionally overlooked.
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 bneed 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.
9) If It's Not In Writing, It Does Not Exist_ All promises and discussions are to be in writing. Don't make any assumptions. Even the best intentions can be misinterpreted.
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 from the beginning and your first home purchase will be no sweat...so you will have fond memories for years to come.
My hope with this report has been to educate you and help you aviod the pitfalls many home buyers go through. I hope you found the ideas valuable and if there is ever any way Caron's Gateway Real Estate can be of service to you or anyone you care about, please contact our office. We are ready to sit down and talk with you here or at your home, no high pressure, just plain, honest talk about what it's going to take to achieve your personal goals. We would love to hear from you... 603-636-2626.
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