Menu
First Step Reality Check!
It’s fun to look at houses. And this part of the process is very exciting, but don't let your excitement rule the house-hunting process.
Stick within your budget. Don't look at homes above what you can afford – even if it's just a little more. Buying a home, even a little above your budget, can cause problems down the road if your finances change.
Don't let your heart rule over your head. You may fall in love with a house, but if it is beyond your means, it is not the right house for you.
Be flexible. Don’t be disappointed if the houses in your price range differ from your original vision. Buy the home you can afford rather than the home that "has it all." While you may not be able to afford your dream home now, building equity in a home that you can afford may provide you with the financial ability to buy your dream home in the future.
Compare what you'd like to have with what you really need.
Look at the full cost of the house when making your decision – are there homeowner association fees? Is the house old, requiring a lot of maintenance? Be sure to factor these in when determining the true cost of the house.
Stick within your budget. Don't look at homes above what you can afford – even if it's just a little more. Buying a home, even a little above your budget, can cause problems down the road if your finances change.
Don't let your heart rule over your head. You may fall in love with a house, but if it is beyond your means, it is not the right house for you.
Be flexible. Don’t be disappointed if the houses in your price range differ from your original vision. Buy the home you can afford rather than the home that "has it all." While you may not be able to afford your dream home now, building equity in a home that you can afford may provide you with the financial ability to buy your dream home in the future.
Compare what you'd like to have with what you really need.
Look at the full cost of the house when making your decision – are there homeowner association fees? Is the house old, requiring a lot of maintenance? Be sure to factor these in when determining the true cost of the house.
If you need any more information on this topic or buying or selling a home, contact us. We are here to help.
Pamela Edwards, realtor email me (972)715-0152 Ebby Halliday Realtors, Inc
Pamela Edwards, realtor email me (972)715-0152 Ebby Halliday Realtors, Inc