Top 5 Home Buying Fears-Solved
This series is designed to eliminate the most common home buyers fears.It is my firm belief that through proper education and research, we are able to make the right decision for your situation. My goal is to ensure you have access to all the information you need so that we are able to work together towards a mutually beneficial relationship and ultimately home ownership on your part.
Fear #1
Overpaying for Your Home->This can be eliminated by extensive market research about that area and home in particular. Using past sales as well as upcoming development plans, you can feel more confident of your purchase at a given price. Addressing improvements in the home will also assist with determining additional value and vice versa if the home is in need of upgrades or repairs. It is my goal to ensure you are making a profitable and sound financial decision that will be beneficial to you.
Fear #2
Missing the Right Home-> Purchasing your home can be an emotional process. Creating a list of items that are important to you in your future home will eliminate that problem. Keep in contact with your agent to ensure all parties understand exactly what you are looking for. When a property that meets your needs hits the market, go check it out!
Fear #3
Not Qualifying for a Mortgage-> Mortgage restrictions continue to ease as the economy stabilizes, as such lenders have more freedom to provide loans for buyers with a shaky credit history or other limiting factors. Some lenders even provide credit optimization programs free of charge! These programs quickly bring your scores up, enabling you to qualify for a home loan. It is never too early to begin setting yourself up for the success of home ownership.
Fear #4
Maintenance Costs or Structural Issues-> Inspections are always well worth the $$$ when purchasing a home. It is the inspectors job to notify you if he/she has any concerns about the condition of the home. When looking at homes, your agent should also be on the lookout for any issues with the home that might be a concern.
By becoming well educated and informed about your property you will avoid the pitfalls some owners find themselves in. When you are handed the keys to your home, you will know you made the right decision.
Fear #5
Loss in Property Value-> Real estate markets are always fluctuating depending on economic factors in play. Concerns about loss in property values are legitimate if the following precautions are not taken. Contact your city government regarding future development plans and how your home value will play into that. Check out how well maintained the neighborhood is, you can even drive by your potential property at different times of day. Lastly look into nearby schools and check the Sheriff's office to ensure crime rates are low and the neighborhood is safe.