I oftentimes see first-time home buyers make the same mistakes. Know what they are so you know to avoid them!
- Don’t skip the home loan qualification process. It’s tempting to start looking for homes right away once you make the decision to buy one.
- Know what you can afford. Oftentimes, buyers will listen to the lender’s recommendation for their affordability. However, they haven’t sat down together to know how much they want to pay in mortgage payments each month.
- Don’t fall blindly in love. It’s so easy to get emotionally attached to a home beyond the leaky roof and squeaky floors. Ultimately, you need to make an educated decision on top of the emotional connection.
- Don’t wait too long. The market moves quickly! If you find the right home, submit an offer and snatch it up before someone else does. The property likely won’t be available on the market if you wait.
- Don’t skip the home inspection process. It’s exciting when you first find the right home and you want to move quickly as possible. However, the home inspection process is crucial and takes time.
- Keep resale in mind. Sure, It sounds preposterous to think about selling a home before you’ve even bought it. Most people stay in their home for 5-7 years, and that time will eventually come. For instance, homes located near a good school district tend to have a higher resale value.
If you’re thinking about buying or selling a home in Utah, give me a call or send me an email. I’d be happy to help answer any questions you might have about real estate!