Buying a home is probably one of the biggest purchases you'll ever make in your lifetime, so it is important to do it right. The process can be tedious and might frustrate you if you're unprepared. This post will help you walk through the steps that you need to do or things to avoid and guide you to make a better decision.
As a rookie home buyer, mistakes are easy to make. Luckily, many of those mistakes can be easily avoided. The following post from Trulia presents these common mistakes that home buyers make for their first purchase:
10 Mistakes That Hurt First-Time Homebuyers
If you’re a first-time homebuyer, buying a house can be positively overwhelming. With an agent by your side to guide you through the process, you’ll make it through just fine — but you might want to be aware of these rookie mistakes. If you’re searching for homes for sale where the market is ultracompetitive, making one of these mistakes could end up costing you big time.
Making one of these mistakes could cost you:
1. Getting too emotionally attached
You’re about to purchase what’s probably the most expensive item you’ve ever bought. So this advice from Chris Leavitt, a real estate broker with Douglas Elliman and star of Million Dollar Listing Miami, may be easier said than done: “Relax and don’t get too attached. There will always be another house if you lose one.”
Try finding “several homes you love so that you’re not too emotionally invested in one,” suggests Tali Raphaely, president of Armour Title Co.
First-time home buying can be a bit complicated, so you'll want to be aware of what you're doing.
Being a first time home buyer you'll be having many questions you want to be answered and to know about. Here are answers from a few questions often raised by first-time home buyers.
Mistakes aren't only made in the home-buying process itself. Once you've actually received the keys, you may be lost as to how to fill the new spaces. Next, Sheila Cain of Zillow offers advice on how to deal with upsizing, or going from a small home or apartment/condo to a much more spacious one.
Your New, Bigger Space: 5 Ways to Win at Upsizing Your Home
When you upsize from an apartment into a spacious new home, opportunities abound — plenty of closet space, a yard for the dog, and extra rooms for that home office, spare bedroom, or home gym you’ve always dreamed of.
But once the moving van’s gone and the boxes are unpacked, new homeowners often face the harsh reality of upsizing: The furniture, wall hangings, and knickknacks that fit so perfectly in your small apartment occupy only a fraction of your larger home’s space. And that spare bedroom would be perfect — if only you had a spare bed.
Many new homeowners’ first instinct is to hit the discount stores and buy affordable pieces to fill the space. While budget-friendly furniture has its place, it shouldn’t make up the bulk of your new acquisitions.
There are plenty of ways to use what you already have — and optimize your spending for the things you don’t — to make your new house a cozy home. read more at zillow.com
The new extra space you get when buying big home is great, but buying things for the sake of filling in those spaces can burn through your savings pretty fast.
As a first time home buyer, you should make your first purchase easy, positive and a good experience. Reading up can make all the difference when purchasing your first house (or any home, for that matter). And of course, with the proper help, buying your first home can be a snap.
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Disclaimer: The A-Team is a team of associates at Walsh Real Estate (2010) Ltd o/a RE/MAX® Fort McMurray, 9919 Biggs Avenue, Fort McMurray, Alberta, T9H 1S2. Each office is independently owned and operated. The licensed associates are Breanna Albrecht, Denise Hildebrand, Aaron Chalmers, Heather McCandless, and Rita Sobkowich. Eric Dunham, mortgage specialist with RBC®, is not affiliated. We also recommend Happy Goraya at BMO and Leah Tacurda at Scotiabank. Tom Albrecht is NOT licensed with RE/MAX® Fort McMurray: He leads/coaches the team, but is licensed with RE/MAX® First in Calgary, AB.
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