A lender who prequalifies you for a loan may tell you that you’re able to buy a $275,000 house. But keep in mind that buying for the full amount that you can qualify for may put you out of your financial comfort zone.
Archive for the ‘House & Home’ Category
Mistake #10: Investing in a Property That is Hard to Sell Part (2)
December 11th, 2011
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A typical example would be a 900-square foot bungalow with an addition built on the back or side. Sometimes it’s a well-planned addition that blends in; other times it’s a tacky add-on. Homes in neighborhoods that have become run down owing to a high percentage of rentals or foreclosed properties (although if you’re an investor, [...]
Mistake #10: Investing in a Property That is Hard to Sell
December 7th, 2011
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Buying a property that will be difficult to sell later on is one of the biggest mistakes home buyers can make. It happens so often that you wonder what buyers were thinking (or not thinking) when they signed the purchase agreements. Three of the most common reasons buyers give as to why they bought a [...]
Mistake #9: Purchasing a New Home on Impulse Part (2)
December 3rd, 2011
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On new construction, before you commit, check out the builder’s reputation. Talk to three or four people who bought from that builder and listen to what they have to say. This is also a great way to see what your neighbors would be like.
Mistake #9: Purchasing a New Home on Impulse
November 29th, 2011
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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, [...]
