First Time Home Buyer Advice
Q. What advice can you give to first-time homebuyers?
A. The best advice is to learn from the mistakes of others. Here are three common examples:
– Not knowing what you can afford. Examine your budget, get a copy of your credit report, and sit down with a qualified lender to determine how much of a loan you can afford. Feel free to ask me for a list of lender recommendations, then make sure you comparison shop for a mortgage.- Forgetting to consider the overall costs of home ownership. You can make the monthly payment, but remember to add in the cost for homeowners’ insurance, property taxes, utility costs, plus maintenance.- Paying too much for a beautifully staged home. The home looks perfect, but will it look that way when you move in your furniture?