National Debt Relief Shares Rookie Mistakes Homebuyers Make
New York, NY (PRWEB) December 06, 2015 -- National Debt Relief pointed out in a recent article published November 24, 2015 some of the rookie mistakes first time homebuyers make when purchasing their first house. The article titled “9 Mistakes A Rookie Homebuyer Must Avoid At All Costs” talks about these common mistakes in order to help first time buyers avoid the unnecessary headache.
The article starts off by explaining how purchasing a first house can be a very confusing proposition for a lot of people. One one hand, consumers are all excited as they finally get a piece of that American dream but on the other, there are a lot of doubts. This is because life has given them a healthy dose of failures and shortcomings in the past that it gives them enough doubt to have second thoughts with buying a house.
One of the rookie mistakes that people often commit is looking for a house all by themselves. This approach can do more harm than good and it might be better for consumers to have a real estate agent do the legwork. They can do more than just point to a house because agents can give homebuyers an idea how the neighbourhood is and prices in other areas.
Buying a house is one of the most important decisions a person would ever make in their life and as such, they need to stay calm about it. This is because the article warns consumers about instances when they might seem to fall in love with a property and would bend over backwards just to get it. This emotional attachment oftentimes lead to financial problems.
The article also shares the importance of having a little over enough money when closing in on a house deal with lenders. Ideally, consumers would have about at least two or three months worth of mortgage payments in reserve and three to six months of expenses saved up in an emergency fund. This is address unforeseen expenses such as closing costs, property taxes, repairs and even furnishings on the house.
To read the full article, click this link: https://www.nationaldebtrelief.com/9-mistakes-rookie-homebuyers-must-avoid-at-all-costs/
Paul Ritz, National Debt Relief, http://www.nationaldebtrelief.com/, +1 1-888-703-4948, [email protected]
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