No matter how much time you spend on researching and educating yourself about your home purchase, it's hard to cover every detail. Here are a few tips for avoiding rookie mistakes with your first home purchase.
Save as early as you can: Even if you think you're years away from buying your first home, try to start saving for your down payment. It makes a huge difference in your monthly payments, and helps avoid paying Private Mortgage Insurance.
Be thorough with mortgage shopping: There are countless resources out there that can help you get the best terms for your mortgage. It may seem like a lot of work to shave less than a point off your mortgage rate, but it'll save you thousands in the long run.
Consult a skeptic: You're likely to fall in love with a home, and that can make it difficult to take problems seriously. Bring along a skeptical friend or family member who can give you an honest opinion.
Be patient with getting settled: You'll be anxious to make your new home your own, but take some time to see how your budget truly shakes out. In other words, hold off on big furniture purchases and remodeling projects.
Make sure you're happy with the neighborhood: The house may be perfect, but don't discount the surroundings. You don't want to end up in the suburbs if you're going to miss walking to your favorite coffee shop, and you don't want to settle for the city if you're looking forward to some peace and quiet.
Author:KC Cormack Phone: 415-690-3346 Dated: May 8th 2017 Views: 229 About KC: Originally from Southern California, KC moved to San Francisco in 1990. After entering the real esta...
View our latest blog posts in your RSS reader. Click here to access.
Established by the visionary John Barbagelata in 1952, Barbagelata Real Estate has become a premier agency throughout San Francisco and now the Bay Area. Our foundation of success is never forgetting the client experience is paramount to anything else. We offer a fresh, innovative approach with deep knowledge and expertise of our local markets. Our proven team of agents represents some of the top producers in the industry and we are affiliated (via Luxury Real Estate) with over 5,000 offices internationally.
Thank you from our owners: Paul Barbagelata, Broker & Anna Barbagelata, Associate Broker.
Before you dive into replacing your windows, the first step is to care
" I can say enough good things about them. They are incredibly knowledgeable, ALWAYS available, a fierce advocate for her clients, and never less than a complete professional. We particularly appreciated her flexibility in our most recent purchase. though?"