123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Real-Estate-and-Foreclosure >> View Article

Mistakes That First-time Homebuyers Should Avoid

Profile Picture
By Author: Location Lincoln
Total Articles: 2
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Buying your first house is a very dismaying task. For many of the folk buying a home is the most important investment of their lifetime. Here are some mistakes first-time buyers make.

Use a Trusted Realtor

A realtor will protect your interests and guide you through negotiations and inspections. A neighborhood realtor is the best person for this. Local realtors know their area and are well informed about the available properties.

A house purchase involves a contract.

Contracts are meant to be negotiated. You mustn’t sign a typical agreement.

Buy for Your Future

If you're unsure that it'll still be the house for you for a few years, keep looking. instead of settling for a particular house, you must be willing to shop for it.

Think About Commitment

Since buying a property, especially a home is a very important commitment, you have got to relinquish it. You need to be willing to arrange all the responsibilities that come together with buying the house.

Have an exit plan and a legal instrument.

When buying a house with a partner who isn't your spouse.

Look ...
... Beyond Paint

Cosmetic issues are inexpensive, but making changes to kitchens and baths will be costly.

Buy What you'll Afford

Experts say mortgage payment should be 28% to 33% of your gross income. The acquisition price is simply one piece of owning the house.

Don’t forget Insurance, Homeowner Association Fees, and land Taxes.

Only taking note of the mortgage and ignoring the price of everything else isn't an awfully genius thing to try to do.

Consider Your Student Loan Debt

New FHA Guidelines negatively affect many first-time homebuyers with student loan debt. Don’t get frenzied by home mortgage interest deduction. The longer you own the house, the less you'll owe in interest.

You Don’t Just Buy a House Immediately

Consider the housing market, timing, interest rates, plus your future plans. Take your time with the decision-making process.

Properties Purchasable in Lincoln

According to a study by the independent job board, CV-Library, Lincoln is officially one of the happiest places to measure and add the united kingdom.

Above the national average of 59%, a study consisted of working professionals found that 63% of people within the city of Lincoln felt happy daily.

Here are two beautiful property recommendations in this lovely city:

A beautiful 5 bed 4 baths (3 full baths) spread across 1,960 sqft starting at only one,391 per month only.

Facts and features

Type: Single-Family
Year built:1970
Heating: Forced Air
Cooling: No Data
Parking: Attached, Driveway
Lot:14,374 sqft

Beautiful views and Schooner Creek access from the fully fenced backyard of this spacious home. Main level living with space to entertain including an approximately 20'X 36' deck off the second level, likewise as an expansive yard level deck where you can host barbeques! A touch of love could turn this into a tremendous full-time residence or a superb bed and breakfast or vacation rental because of the commercial zoning.

Facts and Features

Property Type: Single Family Home
Last Sold: $ 275k in 2000
Year Built: 1970
Price per sqft: $657
Garage: 2 Cars
Bedrooms: 5
Master Bedroom Level: Main

There are many Properties for sale in Lincoln which you must consider if you are shifting to Lincoln.


Total Views: 72Word Count: 499See All articles From Author

Add Comment

Real Estate and Foreclosure Articles

1. Genesis Real Estate Consultant
Author: Naveen Yadav

2. Where Should You Look For The Best Cayman Islands Houses?
Author: Tammy Crighton-Buck

3. Consider These Seven Mile Beach Condos For Sale For Future Visits
Author: Tammy Crighton-Buck

4. Advantages Of Township Living In Mumbai
Author: Saloni Mehta

5. How To Host An Open House For Another Agent
Author: Frazzano Tse Team

6. Beautiful Residential Plots In Pollution Free Sector
Author: Hemant Kumar

7. The Smartest Way To Investment In Real Estate And Earn Good Returns
Author: Restore Utah

8. Under-construction Affordable Housing Project In Faridabad
Author: Hemant Kumar

9. Tax Deductions & Tax Credit Guide For 2021
Author: Cutmytaxes

10. Why Design A Blended Office Interior Design?
Author: Nancy Singh

11. 5-seater Workspace For Freelancers
Author: Unispacebc

12. Stunning Plots In Bangalore By Godrej Woodland, Bangalore
Author: Angelina Jonas

13. Resort-like Flats In Mahalunge At Godrej Hill Retreat Mahalunge
Author: Angelina Jonas

14. Luxurious Flats In Sector 106 Gurgaon - By Godrej Meridien Gurgaon
Author: Angelina Jonas

15. Outstanding Studio Apartments In Bangalore At Godrej Ananda, Bangalore
Author: Angelina Jonas

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: