Luke Skar
Avoiding home buyer’s remorse is much more important when buying a home than other types of purchases. If you buy some clothing or an appliance and decide a few days later that it is not right for you, it is rather simple to exchange it for something else or even get your money back. Many car dealers are now offering a no-questions policy on returning new cars. However, this is not the case with buying a home. The mortgage is a legally binding contract, which means you must pay the loan or sell the house.
There are lots of things to look out for when searching for a home. You want to make sure that the home is located in the right area for you. Whether it is a job commute, proximity to schools, presence of activities like movies and museums, or some other important item to you, you need to ensure that the location of the home fits your needs.
Besides the location, the layout of the home is important to help you avoiding home buyer’s remorse. If you have a young family full of energy and fitness, you may be searching for a home with a set of stairs and a large back yard. On the flip side, if you are an empty nester and facing a couple of health issues, a small home with a small yard could be a better option.
Most importantly, getting the home at the right price is key to avoiding home buyer’s remorse. While making the monthly payment is vital to keeping the home, you also need and want to pay for other things. Having a nice home is worthless if you can’t afford to upgrade your vehicle, take an occasional vacation or pay for the maintenance on the home.
Take your time and do your research before getting a new home. The articles below offer actionable tips and advice that will really help you in avoiding home buyer’s remorse when it comes time to get the keys at the closing table.
Source: https://www.behance.net/gallery/41428889/Avoiding-Home-Buyers-Remorse-The-Essential-Guide
Although it may sound like a far-fetched idea now, home buyer's remorse is real. This is the reason that so many home experts tell home buyers to take their time and pick the place that is right for them. While a loan officer can help avoid some problems by making sure you are pre-approved for a mortgage vs pre-qualified, that may not be sufficient. Likewise, a real estate agent can help you avoid problems by steering you away from a property that could disqualify you from your mortgage. However, there are other factors at work that you need to consider prior to finalizing the purchase of your next home.
The internet is covered in high quality information aimed at helping first time home buyers understand the process of getting a house. However, there is one small problem. There are a LOT of steps involved in buying a home. Most of the articles and videos that are available deal with one, two or may be three parts of the process. While this article could not possibly contain every scenario about getting a mortgage an...
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First Time Home Buyer Tips and Advice provided as a courtesy by Anita Clark with Coldwell Banker SSK, Realtors, in Warner Robins Georgia.
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We've all bought something that seemed like a good idea at the time. Take it home and realize..."OMG that looked soooo differen...
The process of buying a home becomes much less scary when you take the leap informed and knowledgeable. We’ve put together some handy tips for first-time home buyers to make life easier and the home buying process enjoyable itself. Before you start this journey, ask yourself a few questions: are you going to have kids?
You find a beautiful house that you feel is perfect and fits your family well. You make an offer and the seller accepts it. What better time to celebrate right? Well what happens if for some reason you decide to back out of the offer. Find out a buyer’s options below in the circumstance where they change their mind or feel they have made a mistake.
When you are pre-approved for a mortgage, take some time to discuss your home preferences with your lender. This could prevent you from making a big mistake in choosing the wrong kind of property.
Buyers remorse in real estate is common! There are many things that can help buyers avoid buyers remorse. Check out this "How To" guide for avoiding it!
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