3 First Time Homebuyer Mistakes To Avoid
Buying a home is an overwhelming experience. You’ll spend months (at least) looking at homes, making offers, filling out paperwork, and writing checks. If you’re a first time homebuyer, it can be easy to feel lost. The complexities of home buying will always exist, but there are some steps you can take to make sure things go more smoothly.
Do Your Research
It’s important to be as knowledgeable as possible. If you have questions, ask them. When you need clarification, seek it out. Home buying is not the time to be shy. In most cases, you’re making a 30 year commitment and the last thing you want to do is bite off more than you can chew because you weren’t properly informed. The internet is a wealth of information (there’s nothing you can’t google) and your realtor, builder, and mortgage broker should be knowledgeable enough to answer all of your questions.
Keep Your Emotions In Check
Making an offer on a home is exciting, but it’s so important not to get too emotionally attached to a home. Chances are, your first offer won’t be your last. If you’re already envisioning your lives in that home, it can be incredibly disappointing if the homeowners don’t accept your offer. Your emotions can also cause you to compromise or make snap decisions because you feel pressured to take action. While you need to follow your gut on certain things, buying a home is not something that you can just back out of without consequences.
The home buying process is much simpler if you stay organized. The more organized you are prior to beginning the home buying process, the better. As a first time homebuyer, you likely don’t even know the extent of the paperwork you’ll need access to. If you don’t already keep track of paperwork and use some form of filing system, you should start now. Buy a filing cabinet and start getting organized. You’ll be glad you did when your mortgage broker asks for a copy of the last two years of taxes or some other obscure piece of paperwork.
Buying a new home is an exciting, but intimidating, time in your life. This is especially true when you’re a first time homebuyer. In order to keep it exciting and minimize the stress, it’s important to keep clear lines of communication and set realistic expectations for the experience.
At Whitworth Builders, we have many years of experience of working with first time homebuyers and can walk you through the process. We will inform you of what to expect and answer any questions you may have. Contact us when you are ready to start your home buying journey.