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Trumbull County Ohio Real Estate - Avoid These Typical Home-Buying Mistakes
Just because you're a first-time buyer doesn't mean you have to make all the typical Trumbull County Ohio real estate mistakes. These mistakes could cost you thousands of dollars in the long run; learn more about how you can avoid the pitfalls first-time buyers tend to make.
And if you're a repeat home buyer, you should definitely know better than to commit some of these real estate buying misdemeanors.
Here are some typical buyers' mistakes you should avoid:
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Timing problems in your home purchase. In other words, if you're renting now and have just two months to go on your lease, don't allow your rental property manager to talk you into signing another lease for 12 months. See if you'll be allowed to stay on with a month-to-month lease.
- Looking at homes you can't afford. Sure, everyone has heard the old rule that you can afford a home priced at 2-1/2 times your combined incomes. But that estimate doesn't include expenses for maintenance, property taxes, insurance premiums and the like. And if you look at houses you can't really afford, you'll get spoiled and expect to find those same features, in less-expensive homes that you can afford.
- Overextending your budget. If you're used to going out to dinner every night, buying your favorite CDs, going to a movie a week and going on lavish vacations every six months, you're going to feel really deprived if you buy a big house and suddenly have to trim down your entire lifestyle. So do yourself a favor: keep track of your spending habits for a few months and then decide how much you'd be truly comfortable spending on mortgage payments.
- Buying the wrong size house. Just because you're single or recently divorced now doesn't mean you won't meet someone next year. Where will that leave you, then, if you've just purchased a one-bedroom condominium?
- Buying in an unfamiliar or inappropriate neighborhood. Before you buy, spend some time in the neighborhood, driving up and down streets and noticing if people there are friendly and approachable, or if there are signs of gangs and criminal activity. Also notice if neighbors are in your age group.
- Buying a property that's difficult to re-sell. Walk through the house and note all its potential drawbacks. Is it too close to a major highway, with all the attendant traffic noise? Or too close to a freight rail line? Those are the things that will come back to haunt you, no matter how cute the house itself is when you try to sell it. So remember, always purchase a property with an eye to resell.
| Now that you´re armed with some valuable information about how to avoid costly buying mistakes, the Trumbull County Ohio real estate market has some great buys. The interest rate is at an all-time...this means you can get more for your mortgage dollars.
If you´re ready to purchase a home, get the "Power of Two" with Bernice and Dom Marino. We´ll help you find the home that´s right for you, and at the best price and terms. Contact us now to get started on your new home search!
You can reach Bernice at (330) 219-8653 or Dom at (330) 219-4417. Contact us today! We would love to help you find your dream home.
Phone Bernice: (330) 219-8653
Phone Dom: (330) 219-4417
Email: info@MarinoHomeTeam.com |
Read More:
Avoid These Typical Home-Buying Mistakes
01/26/2009
Danger of Over-Improving Your Home
12/24/2008
Preventing a Leaky Basement
11/25/2008
School Levies and Real Estate
10/27/2008
Get a Home Inspection
09/27/2008
To Buy or Not to Buy
08/27/2008
Making An Offer 07/23/2008
Staging Your Home Part II
06/26/2008
Staging Your Home - Part I
05/27/2008
Setting the Right Price
04/28/2008
What Can A Seller Expect?
03/26/2008
More Tips on Preparing Your Home for Sale
02/26/2008
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