Thinking you can't afford it.
Today, buying the home of your dreams is easier
than ever before. Many people who thought
that buying the home they wanted was simply
out of their reach are now enjoying a new
lifestyle in their very own new home.
Buying a home is the smartest financial decision
you will ever make. In fact, most
American and Canadian home owners would be
financially broke at retirement if it wasn't for
one saving grace - the equity in their home.
Furthermore, mortgage rates are more flexible
today than ever and tax allowances favor
Real estate values have always risen steadily.
Of course there are peaks and valleys, but the
long term trend is a consistent increase. This
means that every month when you make a
mortgage payment the amount that you owe
on the home goes down and the value typically
increases. This owe less - worth more situation
is called equity build-up and is the reason
you can't afford not to buy.
Even if you have little money for a down payment
or credit problems, chances are that you
can still buy that new home. It just comes
down to knowing the right strategies, and working with the right people.
Getting a cheap inspection.
Buying a home is probably the most expensive
purchase you will ever make. This is no
time to shop for a cheap inspection. The
cost of a home inspection is very small relative
to the home being inspected.The additional
cost of hiring a certified inspector is
As a homebuyer, you
have recently been crunching the numbers,
negotiating offers, adding up closing costs,
shopping for mortgages and trying to get the
Do not stop now. Do not let your
real estate agent, a patty-cake inspector or
anyone else talk you into skimping here.
NACHI front-ends its membership requirements.
NACHI turns down more than 1/2 the
inspectors who want to join because they
can't fulfill the membership requirements.
NACHI certified inspectors perform the best
inspections by far. NACHI certified inspectors
earn their fees many times over. They do
more, they deserve more, and yes they generally
charge a little more.
Do yourself a
favor...and pay a little more for the quality
inspection you deserve.
For the best inspector in your neighborhood
Not hiring a buyer's agent
to represent you.
Buying property is a complex and stressful
task. In fact, it is often the biggest single
investment you will make in your lifetime.
At the same time, real estate transactions
have become increasingly complicated.
New technology, laws, procedures and
competition from other buyers require
buyer agents to perform at an ever increasing
level of professionalism.
homebuyers, the process turns into a terrible,
stressful ordeal. In addition, making
the wrong decisions can end up costing you
thousands of dollars. It does not have to be
Work with a buyer's agent who has a keen
understanding of the real estate business
and who is on your side.
have a fiduciary duty to you. That means
they are loyal to only you and are obligated
to look out for your best interests.
Buyer's agents can help you find the best
home, the best lender and the best inspector.
Best of all, in most cases, the buyer's
agent is paid out of the seller's commission,
even though he/she works for you.
Trying to buy a home without an agent at
all is, well... unthinkable