Once word circulates that you are actively looking for, it seems everyone has tips for buying a house. You may feel adrift in unsolicited advice, brochures, business cards, and confusion. Never fear. Here are four of the most common pitfalls that buyers make and how to avoid them.
An elderly couple bought a small cottage surrounded by acres of manicured lawns and plantings. You can get a fair offer in Tampa to buy a house from various real estate agents.
Buying a home to suit your needs now and for the next five years. Build then cheaper than paying for heat, decorate, and satisfy interest in wasted space.
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Allowing banks to decide what you can afford. This is probably one of the most ingenious tips to buy a house out of your comfort zone. Only you know your budget, your income expectations, and your spending habits. If you are approved for a monthly mortgage payment of nine hundred dollars, but it just felt comfortable doing for six hundred, are not affected. You are in control.
Be honest and frank with your agent about it. Look out for your own financial safety and hold your ground on the price range.
See home as a short-term investment. A house is not worth it unless someone is willing to write a check for it. In the current economic slump, your home can lose value in an instant. Or, even if the value of the holding, perhaps no buyer with financial support for the bid.