It is an exciting experience to buy your first home, and too many people rush into the decision because they are anxious to move into a property of their own. If you are getting ready to buy a home in Atlanta, then it is important that you take your time in order to avoid some of the common rookie mistakes. Here are a few things to watch for:
Do-It-Yourself Home Shopping
Even though it seems easy enough to find a home on your own, there is a big difference between looking online at home listings and working with an experienced real estate agent. By having a trusted Atlanta real estate agent by your side, you will have someone who can sort through hundreds of homes in order to find the best match for what you need. A real estate agent might even be able to help you find properties that aren’t listed online yet, giving you a better opportunity to find the perfect home for your family.
It is easy to get emotionally attached to a home that you are interested in, which might cause you to make the wrong decision. Don’t get too attached to a specific home, because there are plenty of options available. If something falls through or doesn’t go as planned, then it is essential that you let go of the emotional attachment in order to consider other homes that are on the market.
Skipping a Home Inspection
Once you have found the home of your dreams, it can be hard to admit that something might be wrong with the property. But, you need to do your due diligence to ensure that you are keeping yourself protected during the home buying process. An inspection is essential to identify potential problems with the structure of the building, and this inspection might save you thousands of dollars in repairs. Go into the purchase with your eyes wide open, so that you know as many details as possible about the condition of the home.
Poor Financial Decisions
A lot goes into the financing of the home, and this is one area where people commonly make mistakes. Plan ahead by saving for a down payment, and then make sure that you stay in close communication with your lender so that everything goes as smoothly as possible. Also, it is helpful to have a savings account with an emergency fund, just in case incidentals come up with that you need to take care of. A little bit of financial planning can save you a big headache later on, because you will have the money available to be prepared for anything that might come up.
It is an exciting opportunity to buy the home of your dreams, and we want to help you find the right property! Contact us at Duffy Realty of Atlanta for more tips about buying your first home. We are here to help! (678) 318-1700