The Biggest Mistakes of the First Time Homebuyer

Are you getting ready to buy your very first home? If so then you have a lot on your plate and there are a few mistakes that you will most definitely want to avoid. Maybe you’re going to start by looking for jumbo loans in Fort Lauderdale to get that dream home of yours, or maybe you’re going to go a little smaller. Either way, you’ll want to avoid these first time mistakes to ensure that you’re getting the result you want the first time and ay time after that.

Mistake #1: Buying the First Thing You Come Across

jumbo loans in Fort LauderdaleWhen you go out house hunting you’re going to see something you like. Let’s face it: they all look pretty nice. The biggest mistake that you can make however is buying something right on sight. For example, you find a house in the paper, or you simply come across one that you really like, and you decide to buy it immediately. It might seem like a good idea at the time, but when it comes right down to it, there are so many other homes out there that you could be taking a look at, and if you’re not, then you’re going to be disappointed later on down the road.

Mistake #2: Overspending

Yes, even though houses are inherently expensive it is still possible to overspend on them if you are not careful. When you are buying a house, even with the assistance of Nationwide home loans, something that you will definitely want to do is make sure you’re shopping around and speaking to your agent about other buyers. Find out what they’re offering, and make sure you’re not overcompensating just so you’ll get the house. While you’re at it, make sure that you ask the sellers if they are going to be willing to include anything in the sale. For example, if you ask nicely, they might leave the ping pong table or perhaps the house full of furniture which will save you quite a bit of time in the long run.

Mistake #3: Choosing the Wrong Area

You need to make sure that you’re choosing the right area to live in. Do you have children? Do you need access to stores or medical facilities? You might be someone who likes the idea of living in the middle of nowhere but if your lifestyle doesn’t support it then you’re going to need to find an area that works for you. For example, you might want to have a look at a more metropolitan area, or perhaps a suburb. Before you speak to your realtor, you will need to sit down and create a list of everything that you’re expecting with your new home.

Mistake #4: Failing to Ask Questions

jumbo home loans in Fort LauderdaleFinally, make sure that you’re asking all the right questions when you’re buying a house. For example, ask the homeowner if there is any damage that you need to know about, visible or not. Also, ask them if there have been any significant upgrades to the house! Have they added network cabling? Are the fixtures up to date? When was the last time it was inspected? These are all valid questions and they will go a long way toward helping you make the right choice.

Bottom line: the right home is out there waiting for you and it won’t be too long before you find yourself in it. Make sure that you’re asking the right questions when you talk to sellers AND your realtor, because every question you ask, no matter how simple, and no matter how ridiculous it seems, brings you that much closer to home. Finally, don’t forget to ask about jumbo home loans in Fort Lauderdale if you need a little bit of help meeting your financial obligation.