Last week the California Association of Realtors® put out it’s latest infographic based on recent home buyers’ regrets. According to CAR, 56% of buyers wish they were armed with more knowledge about the financial aspects of purchasing a home.
Here’s what you can do to combat buyer’s remorse so it doesn’t happen to you.
1. Become a home loan expert – or consult with one
The first thing you need to know about home loans is the fact that your interest rate is crucial. Right now rates are low which means you can save thousands over the life of your loan if you lock in a great rate now. Plus there are tons of low down payment and down payment assistance programs being offered.
Check out these 4 easy steps to getting a mortgage loan and start your loan education now.
2. Know what expect at the negotiating table
While you may know a bit about negotiating, it’s different when it comes to real estate. Take just 5 minutes to read What Buyers Can Expect When Negotiating A Home Purchase. This includes a list of major points you’ll be negotiating on – there’s a lot more than just the home price tag!
Once you’re done with that read our 7 quick tips from John Wenner, co-founder and professional trainer at the Real Estate Negotiation Institute. According to Wenner it’s all about understanding your seller and their motivations.
3. Break down the closing process
The closing process can be a very stressful time but it doesn’t have to be if you’re prepared. That’s why we have an In-Depth Buyer’s Guide to Closing for you. Our in-depth guide includes exactly what the closing process entails, what inspections and insurances you need to secure, tips and details on the purchase agreement plus a break down of the documents you’ll need to bring on closing day. Check out the post and prepare for your home purchase now.
4. Work with a Real Estate Agent
A great Real Estate Agent can be a wealth of knowledge during your home purchase – all you have to do is ask. Teaming up with an agent from the very beginning is the best way to ensure you make the right decision.
Your own personal resource is waiting, all you have to do is reach out. Find a First Team agent online or let us find an area specialist near you.
Email us at clientservices@firstteam.com
Call us at 888-870-1142
