| The Ten Biggest Mistakes in Home Buying
1. Not doing your homework You’ve probably heard the old maxim: “Knowledge is power.” Nowhere is this truer than in real estate. With a price tag that’s two or three times your annual salary, if ever a purchase demanded preparation it’s home buying.
It can be overwhelming when you think about all the factors that can affect a home’s value: its location, the school district, deed restrictions, taxes, amenities. That’s why it’s imperative that you do your homework before you start. With all of the information available today on the Internet, from Realtors and in housing guides, there’s really no excuse for entering the market ill-prepared.
2. Trying to make a shrewd investment It’s easy to think we are all financial geniuses. No doubt some of you are. So, Mr. Gates and Mr. Buffet, you have my permission to move on to the third biggest mistake in home buying. As for the rest of you, forget everything they told you in that late-night infomercial. While real estate investing can make a great career, it’s no place for amateurs.
As simple as it may sound, when it comes to buying a home, your best bet is to choose one that appeals to you. The chances are very good that if you like it others will, too.
Am I suggesting that you throw caution to the wind? Lead with your heart and not with your head? Absolutely not, but if you choose a neighborhood where you and others like you want to live and a home that’s attractive and structurally sound, then you probably won’t go wrong. If you want to be known as a shrewd real estate investor, then wait at least three to five years before selling and you can tell everybody that you outguessed the market. | |
|
This email was sent by: Edinburgh Homes 7 Sheridan Square Suite 107 Kingsport, TN 37660 |
| |
|
Figures reflecting size, square footage, and other dimensions are estimates; actual construction may vary. Size/square footage and price of your home may vary based on bonus rooms and options selected. Floorplans may vary according to elevation. Prices, plans, dimensions, features, specifications, materials, and availability of homes or communities are subject to change without notice or obligation. Illustrations are artist's depictions only and may differ from completed improvements. Copyright © 2010 Edinburgh Homes - All Rights Reserved. |
Sincerely, Eric Kistner Edinburgh Director of Sales and Marketing Affiliate Broker, Keller Williams 423-366-0431 EdinburghCommunity.Com EricKistner.Com |
|
|
|
|
|
No comments:
Post a Comment