Buyers' Remorse - is a common, wave of anxiety that may emerge when writing a purchase contract, going into escrow, or signing loan documents. It is particularly common among first time buyers.

It is important to now that these feelings are natural. Tal to friends, family, your Realtor, and your loan officer about these feelings. They will help you to assess whether you really are in ove ryour head, or you're just nervous about the financial commitment.

Most homebuyers you talk to would never want to go back to renting. You will enjoy the freedom to create your home in your own way, and be free of landlowners forever!

Finding Your Realtor - One of your first tasks when you decide to buy is to find an agent to work with. A good agent will save you time and money, as well as provide information about your home search.

There are several common ways to find an agent, such as 1) Walking into a Real Estate Office 2) Attending an open house and striking up a conversation with the agent, and 3) Searching Online. I've read books about how to find the right agent for you, how to interview, and what to ask a potential agent. The truth is that buyers work wtih agents they feel comrtable with, and trust.

 

Fixer Uppers - Buyers often love these types of homes due to the lower prices, and the desire to fix things up themselves. If you are in the market for a 'fixer,' you will want to get the home at least 20% under market value.

Novice investors often understimate that cost of repairs, and over-estimate the cost of returns. Sometimes you get your best buck by painting, for example. Paint will increase you home value three times for every dollar invested. Other reasonable fixes include landscaping, carpetng, light fixtures, new faucets, and cabinet hardware.

Try to avoid a house that needs structural improvements such as a new roof, foundation, repair, plumbing or electric repairs.

 

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