By avoiding these mistakes, you can put your home-buying butterflies to rest. #1 Finding a home before finding a mortgage How Much It Could Cost You: Enough to send your future kid to college. Seriously, over the life of the loan, you could end up paying tens of thousands of dollars more in interest and fees than you need to. Why People Mess This Up: If you don’t have your financing buttoned up before you find your dream home, your desire to win the bid could influence you to
When I sit down with a new client, one of the first things I do is go over what exactly it costs to buy a home. Sure, you probably know you need a down payment of some amount (I never recommend putting down less than 3% on a home purchase, by the way), but are you prepared for the additional costs of inspections? What about closing costs?
Aside from your down payment, closings costs are typically the biggest expense of your home purchase. Many people mistakenly thing clos
Have you found the home of your dreams? Congratulations! But hang on a second... the process of buying your home has only just begun. When my clients go under contract, one of the first things I do is start scheduling inspections for their property. I always tell them not to fall in love with the home until they get through inspections, because you never know what can come up that might be a deal breaker. On average, most buyers spend around $1000.00 on inspections. Does
You finally found it: the two-story bungalow in the trendy part of town you’ve been eyeing for years – the one with the best coffee shop (hello, foamy latte) and favorite farmer’s market. You made your best offer (they accepted!) and now you’re about to close on your dream home. Then just before closing, an email from your real estate agent pops up, claiming a last-minute change to the money-wiring instructions. You wire the funds. But the money never makes it to the bank. Tu