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Buying a home

Purchasing real estate is one of the biggest decisions and investments of your life.

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Buyers Info

Attention Buyers!

Purchasing real estate is one of the biggest decisions and investments of your life.
It is a process, not an event. Our job is to help guide you through
every step of the way. Each member of our team has a different specialty,
all of which benefit you as a home buyer.

First-Time Homebuyers

If you are looking for your first home, it is easy to get caught up in the moment. You find a house that captures everything you want in a home. It is in a good neighborhood. It has the right floor plan. It is close to a park. And as you walk through the house you envision your furniture there and living life within its walls. It is often at this point, that rookie home-buyers rush the process and make multiple mistakes that they later regret.

5 Things to Avoid

  1. Not Using a Buyer’s Agent

    With the internet and the prominence of online real estate search engines, many first-time homebuyers take to searching for themselves or they drive around neighborhoods they like until they see a home they like. Once they find a home they like, they contact the listing agent to get a showing.What’s the problem with this approach?The listing agent is looking out for the best interest of the seller. He isn’t necessarily going to tell you the reasons that property may not be the best for you. Instead, he is going to “sell” the house – after all, that is his job.

     

    A buyer’s agent, on the other hand, works for you and your interests. It is his job to find a home that meets the needs of your family and your budget. It is also his job to consider future moves and market values of the home you purchase. A buyer’s agent also knows how to recognize problem properties – and, yes, there are some out there.

    Every rookie homebuyer needs an unbiased person who can tell them when to walk away.

  2. Getting one mortgage quotePrior to looking for a home, you will likely get pre-approved for a line of credit. But when it is time to sign a mortgage, don’t just go with the first package you find.

    “Why it’s a mistake: Mortgage rates can vary a lot between lenders. According to MIAC, a mortgage and financial services industry analytics firm based in New York, N.Y., the variance can be 0.25 to more than 0.50 percentage points, depending on the loan type.

    It’s definitely worth your time to do a bit of comparison shopping now. How worth it? A mortgage calculator doesn’t lie: On a $300,000 home loan at 5%, you’d be paying $279,767 in interest over 30 years. But at 5.35%, you’d pay an additional $23,320 in interest over the life of the loan.”

    Always get multiple quotes and ask for referrals from friends and your agent.

  3. Biting off more than you can chewDon’t just consider your mortgage payment when deciding how much home you can afford. You must include every additional expense that will be required to maintain your home. Such expenses include: insurance, pest control, utilities, lawn care, yearly maintenance and upkeep, and more.Also, it is fun to look at fancy homes outside of our price range, right?Well, yes and no.

    It is fun at the moment, but you risk tempting yourself with something you can’t afford. Many first-time homebuyers stretch themselves beyond their means in order to buy the “dream.”

    Be a realistic and wise shopper and talk to your Buyer’s Agent about what you want and what you can afford, create a realistic budget that won’t overburden your family, and make a purchase that won’t hinder you in the future.

  4. Compromising on the Important ThingsKnow what you want and don’t compromise. Don’t get a three-bedroom home when you know you’re planning to have kids and will need four bedrooms. If you need an office for at-home work, make sure the home you purchase has a room that can be used as office space. Don’t buy a zero lot home if you want a large yard one day for kids to play in.It’s true that you’ll probably have to make some compromises to be able to afford your first home, but don’t make a compromise that will be a major strain.Another thing people often compromise on is getting the home inspected. Whatever you do, do not become emotional about a property prior to inspection. A full inspection can help you avoid purchasing a money pit or a major headache. Remember . . . know the facts before you buy.
  5. Not Thinking About the FutureIt’s impossible to perfectly predict the future of your chosen neighborhood, but paying attention to the information that is available to you now can help you avoid unpleasant surprises down the road. Some questions you should ask about your prospective property include:
    • What kind of development plans are in the works for your neighborhood in the future?
    • Is your street likely to become a major street or a popular rush-hour shortcut?
    • Will a highway be built in your backyard in five years?
    • What are the zoning laws in your area?
    • If there is a lot of undeveloped land? What is likely to get built there?
    • Have home values in the neighborhood been declining?

     

Conclusion

Buying a home is the largest purchase that most people will ever make, which is why it should be done with much careful consideration. Give us a call today and we would be happy to help you avoid these mistakes as you look for your dream home.

Your Dream Home

Are you searching for your dream home – the perfect place to call your own?

 Finding your dream home starts with making a list of the things you can’t live without, your preferences, wants, and dreams. Do you need three bedrooms or four? Would you like a split floor plan or not? Do you want to live in the city or the suburbs? Would you like to have a pool or maybe a back deck for grilling?

Taking the time to answer these questions, helps us narrow the search field for you. Not only will this save you time and stress, but it will make house hunting a bit more personal and bring you that much closer to your dream home.

Moving Checklist

ARE YOU MOVING?

Enterprise Realtors, Inc. knows that moving can take a tremendous effort. We have pulled together a few useful tools and checklists to help make the process easier whether the move is across town or across the country.

Moving Checklist Generator

Aside from packing, what else is there to do? The link provides a checklist of things to do three months, one month, two weeks, and the day before the big move.

  • Moving with Kids
    Moving can be just as hard for kids as it is for adults. This website gives helpful advice of preparing your children for a move and settling them into their new home.
  • Choosing the Right Moving Company
    It is important that you allow plenty of time to go through the process of selecting the moving company that will best suit your needs. Here are three steps to help you select the right company.
  • The Moving Calculator
    Use this calculator to estimate interstate or local moving cost with in the United States.
  • The Relocation Wizard
    Let the Relocation Wizard plan your move with a custom timeline. Answer a few questions and let the Wizard do the rest!
  • Things to Do After Moving
    After you unpack, what’s left? This link provides post-move tips to help you feel comfortable in your new home.
  • Tax Deductible Moving Expenses
    Certain moving and relocation expenses are tax deductible. The information on the following link is for general reference only and details might vary for your specific circumstances.