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The Worst Things To Do When Buying Your First Home
Buying your very first property is a momentous occasion. You get to set up your own home, and curate the space to suit you exactly. Whether you want a starter home or you’re keen to get a jumpstart on a family property, you’re in charge!
That’s why it’s so common for first-time buyers to have rose-tinted glasses. Mistakes are very easy to make. When you realize this, you can lose a lot of money and patience in the process.
So, let’s avoid this possibility wherever you can. Here are some of the worst things to do when buying your first home.
Forgetting to Inspect
Inspections will always be a crucial aspect of the home buying process. They always need to be carried out when you’re buying a new home! After all, getting an inspection done ensures you’ll be aware of what’s really going on in a property.
Indeed, once you’ve bought and signed on the dotted line, it’ll be too late. Don’t let this be a situation you have to contend with. It’s expensive, and the work required on any property issues could last a long time.
But with a report to work off, you won’t have any nasty surprises waiting for you. It’ll be there in print for you to understand from the get go.
Working with Poor Quality Advice
No first-time buyer should go into the real estate market without seeking out a real estate expert. You need to know they’ve worked in the area and understand the market trends within it. They should have the lowdown on who’s selling, for how much, and if the price is fair. The more experience they have in the local area, the better!
Don’t rush this decision. You’re likely to get poor quality advice if you work with the first agent you come across. Working with an office who knows the business inside and out will really help.
You’ll also get little to no advice if you go it alone! Always be diligent and do some research to find the right middleman for you.
Only Researching the House Itself
Speaking of research, you shouldn’t just look into the house you’re interested in. You should also research the neighborhood it’s in, to see facts like sale history and the value ceiling.
You should research the local area as a whole as well. This should cover the downtown portion, any schools and educational facilities, and any nearby green space.
You’re mainly looking for opportunities here. You need to know there are places to go and things to do! Similarly, if you want to settle into a family home, you need to check if this is a suitable area.
However, this will also show you where the glaring issues lie. For example, if the transport links are poor and if that’ll make your commute too long.
Buying your first home should be an exciting thing. Don’t let it become something you dread by making an expensive mistake in the process!
Photo by Thirdman : https://www.pexels.com/photo/a-woman-in-plaid-blazer-smiling-while-doing-handshake-with-the-man-in-blue-long-sleeves-8470798/
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Kaya Wittenburg
Kaya Wittenburg is the Founder and CEO of Sky Five Properties. Since the age of 10, real estate has been deeply ingrained into his thoughts. With world-class negotiation and deal-making skills, he brings a highly impactful presence into every transaction that he touches.
He is here to help you use real estate as a vehicle to develop your own personal empire and feel deeply satisfied along the way. If you have an interest in buying, selling or renting property in South Florida, contact Kaya today.