What Would Home Buyers do Differently if Given the Chance?

 

Top 5 listed here . . .

 

 

Buying a home is one major decision. Buying a home is about the biggest single financial decision most people make in their lifetime. What do home buyers say they would handle differently if given the chance?

1. Understand the financing and mortgage options and what the options are.

It isn't easy and picking the right lender as well as Realtor, home inspector and title companies, all of this can make a difference.  Financing is complex and the entire process is extensive.  What mortgage is right for the buyer and what are the "true" options available?  What about PMI, is it necessary in all cases?  ... this is just a start on some of the questions a buyer can review.

2. Home size and what is really right for them? 

Should the buyer be looking to buy a larger home in preparation for family growth?  Are utility and hoa fees a concern?  Or perhaps a smaller space is actually adequate, not so much "wasted space" is needed.  Most of us have "stuff" we don't really need, but it seems to follow us no matter where we go.  So what is the right size for your new home?

3. Would the buyer now purchase in a different price range regardless     
     of what their approval point is?

It is very important to look realistically at the purchase and not look through rose colored glasses.  When the initial thrill of the home purchase wears off, it is important that the buyer buys what is really needed, size, neighborhood, price range are all important, must consider factors.

4. Do Home Buyers expect a speedy process?

While some lending institutions pride themselves in speedy closings, not every purchase can boast of a quick and timely closing, quite frankly the opposite most often holds true.  Buyers often times don't realize the extensive process of buying a home.

5. What is the cost of moving?

It can be easy to get caught up in the thrill of the moment and not realistically look at the cost to move.  There are many things to consider, transferring utilities, moving trucks, children's schools, packing and unpacking!  Moving can be a costly venture, but home ownership is a wonderful thing.  There are new expenses with home ownership and often times when moving into a new home there are minor repairs or projects a new home buyer faces.

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