| Everyone is looking for a deal; especially when buying | | | | driveway; its the paid off home mortgage. (see for |
| a home or investment property. Why? They're | | | | more insight into this revolutionary way of thinking). |
| scared! Scared values will continue to decline. Scared | | | | CAUTION: Don't buy more of a home just because |
| they won't be able to sell their home for a | | | | you think other people believe you should or because |
| reasonable and fair price when they themselves go | | | | your brother-in-law has a "mansion." Remember that |
| to sell their home. Just plain scared! | | | | your brother-in-law is not making YOUR house |
| It doesn't have to be this way. If you'll allow others | | | | payment (and probable having trouble making his). |
| to help you, buying a home can be one of the most | | | | 3. Watch out for 'Buyer's Remorse." This is the |
| rewarding things you do in your life. Here are some | | | | feeling and nervousness that may keep you up at |
| thoughts you should consider. | | | | night during the home buying process once you have |
| 3 Essential Tips on buying a home in today's new real | | | | an accepted offer on a home. Almost every buyer |
| estate market | | | | has these feelings so you're not alone. Don't allow |
| 1. Don't get emotionally attached to a particular home | | | | them to control you and take the fun and |
| until it is finally yours (with the help of the bank of | | | | excitement out of buying your home. Now, if you |
| course). People who get emotional in the beginning | | | | didn't do your homework, or get advice from those |
| stages of a real estate purchase (ie. offer & | | | | who love you or you ignored your realtor's warnings, |
| negotiation process, inspection issues) will be willing to | | | | then you should be concerned and see if getting out |
| settle on a home that is not the condition it should | | | | of the purchase is the best thing for you...even if you |
| be and think they can "fix that" later. (it's funny that | | | | have to lose your earnest money. This will be one of |
| 'later' never comes until they go to sell the home and | | | | the cheapest lessons you'll learn. |
| now that repair is finally made...usually costing more | | | | All in all, buying a home is a fun and exciting process |
| than it should have). | | | | and there is no need to be overly nervous. Once |
| 2. Stay within your budget and be willing to settle for | | | | everything is done and you've moved in, you'll find |
| a little less home than you want. If you ignore this | | | | you can't wait to show all your family and friends |
| rule, plan on eating "rice and beans" as Dave Ramsey | | | | your "new digs". |
| says. He also advises people to only get a 15 year | | | | As Harold B Lee quotes, "The most important work |
| FIXED rate loan, save to put down 20% of the sales | | | | you and I will ever do will be within the walls of our |
| price, pay the home off as quickly as possible. The | | | | own homes". |
| new status symbol is not the Mercedes in the | | | | Happy celebrating! |