14 first-time homebuyer mistakes to avoid
Buying your first home comes with many big decisions and can be as scary as it is exciting. Interesting facts 1 & 10.... 90% clients fall in this criteria. Most of the buyers starts looking at homes based on friends and family suggestion and what they can afford without consulting the professionals like mortgage bankers and realtors …... keeping them away from that dream home due to overestimated payment OR pushing into the payments which are not sustainable in long term due to underestimated cost of homeownership. So my best suggestion is to consult the experts and get all the financial obligations understood and then start searching for that dream home. Once you know how much you can afford you definitely need to consider below suggestion to start the search . “Selecting the right town is critical to your life and family development,” Bernstein says. “The goal is to find you and your brood a place where the culture and values of the [area] match yours. You can always trade up or down for a new home; add a third bathroom or renovate a basement.” What to do instead: Ask your real estate agent to help you track down neighborhood crime stats and school ratings. Measure the drive from the neighborhood to your job to gauge commuting time and proximity to public transportation. Visit the neighborhood at different times to get a sense of traffic, neighbor interactions and the overall vibe to see if it’s an area that appeals to you.