There are a lot of potential pitfalls to avoid when you're buying your first home, and this is a big one: paying too much. First-time home buyers often end up paying thousands more than an experienced buyer would end up paying, and our REALTORS® don't want that to happen to you. Here's how to avoid overpaying for your first home.
Have you ever wondered what rules govern what should be left behind when you turn your home over to new buyers? The truth is, there isn't much by way of law to dictate what goes with the house, but common practice can help guide your decisions. There are certain things buyers tend to expect will come with the Mansfield homes they view. When it comes down to it, though, your contract spells out everything for both buyer and seller, so you can specify anything you want to take in your list of exclusions.
Here are some guidelines for what to leave, what you can take, and when to negotiate.
We all know that buying a house has its challenges, and the terminology alone is enough to make your head swim. One of the terms our REALTORS® often get asked about is PMI—Private Mortgage Insurance. What is it? How does it work? What does it cost? Do I really need it? Is it tax deductible? We're here to answer all your questions for you.
Buying your first home is a big step, and it's not always easy to know when the time is right to make it. If you're thinking about making the leap from renting to owning, our REALTORS® are here to help. These are the six biggest signs that the time is right to make that leap to homeownership.