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1.
How to Buy Your First Home the Easy Way!
Avoid 10 Common
Potentially
Devastating Mistakes First Time Home Buyers Make.
Special
Report From Eileen Schiffer
Buying
a home can be a “hair-raising” experience.
It can be a roller coaster of emotions... finding the right place...
securing the loan... moving in. And
if you’re 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 judgment.
Many
home buyers do very little research before “diving in” and investing 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’s designed to help you avoid 10 common, critical mistakes many
home buyers make. If you follow
these 10 suggestions, with the help of the right real estate professional,
you’ll make a good sound business decision that you’ll be happy and proud
of for years to come.
1. Inspect,
Inspect and Inspect- Go
over the inspection report with a fine tooth comb.
Make sure the report was done by a professional organization.
For condo purchases, go over the by-laws, and association fees.
Don’t take anything for granted... inspect everything!
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 real estate 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.
With your agent’s help, you’ll be able to view enough properties to
get a good overall perspective of your market.
And when you find the right property, all the leg work will be worth
it.
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. Be Columbo- Check
out all your 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 and be very detail conscious.
7. Do a Final
Walk-Through- Visit
the property after all the furnishings have been moved out to be sure there
are no surprises. Be absolutely
positive the property was left exactly as you had agreed upon in the contract.
Many times, things are unintentionally overlooked that could have been
spotted in a final walk-through.
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 need 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
Doesn’t Exist- All promises and discussions are to be in writing.
Don’t make any assumptions or believe any assurances.
Even the best intentions can be misinterpreted.
Have your real estate professional keep an ongoing log (in writing) of
all discussions, and get the seller’s written approval for all agreements.
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 in the beginning and your first
home purchase will be a simple, easy and profitable experience you’ll have
fond memories of... for years to come.
My
hope with this report has been to educate you and help you avoid the pitfalls
many home buyers go through. I hope
you found the ideas valuable and if there is ever any way I can be of service to
you or anyone you care about, please contact my office.
Your
initial consultation is always completely free of charge and you’re under no
obligation of any kind. We’ll
sit down for 15-20 minutes... no high-pressure, just plain, honest talk about
what it’s going to take to achieve your personal goals.
Go ahead, pick up the phone and give me a call at 321-217-4161 or email
me at Eileen@OrlHomes.com .
I’d love to hear from you! |
