These are 3 common home buyer mistakes that can totally be avoided with the right counsel at your side. First is trying to time the market such that home prices AND interest rates are low when usually low rates spur higher home prices and so buyers need to choose one or the other in hopes of achieving a long term balance.
Second is buying more home than you can afford. Many times, well-meaning relatives step in to "protect" first time home buyers from purchasing a money pit. And while we also try to ensure that the entire cost of owning a particular home is fully understood, many relatives imply minimum living standards that are out of reach for a first time home buyers. Expecting to purchase your dream home from the start can cause a serious rift in your wealthy-building journey cause many to waste money on rent in lieu of investing in a starter home.
Third is missing out on assistance programs. There are more than 2000 assistance programs that offer money for down payments and closing costs for various needs. Much of this money goes un used year after year. It's worth it to speak to multiple lenders as not all offer every program.
For a deeper look and expert guidance on a stress-free home buying journey, give me a call!
