Many new home buyers fall into the trap of going through a model home in a new subdivision and the next thing they know they’ve committed to buy. The flash and tinsel of a model home can push some powerful emotional buttons. And, of course, that’s what model homes are designed to do. The colors, [...]
Archive for November, 2011
Mistake #8: Buying the Wrong Type of House Part (2)
November 25th, 2011
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Their three boys—ages five, nine, and twelve—were thrilled with the huge sycamores that dominated a quarter-acre backyard. The buyers made an offer with a thirty-day closing and the sellers accepted. A month later, the loan closed and Sam, Becky, and the kids moved into their new home.
Mistake #8: Buying the Wrong Type of House
November 21st, 2011
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How you can buy the wrong type of house seems hard to imagine, but it’s a major reason many homeowners move. For instance, suppose you love the picturesque look of two-story homes, but you discover that having a family room in the basement is not what you want—a ranch with an open floor plan is [...]
Mistake #7: Paying Little or No Attention to the Neighborhood
November 17th, 2011
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Both first-time and experienced home buyers can fall into the trap of not checking out the neighborhood when they see a house that pulls the right strings and pushes the right emotional buttons. They become so enamored with the house that they forget that there’s more involved in their investment than simply the house and [...]
Mistake #6: Failing to Have an Exit Strategy
November 13th, 2011
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Many first-time home buyers purchase a one-bedroom condo, a small two-bedroom home, or a PUD. They don’t stop to think that in a few years their home will become too small, when the kids come along or their income increases and they want to move up. It’s important to think ‘‘sell’’ when you buy.
