Español
(888) 889 3499 Fax: (786) 540 3499
The first steps to consider when buying the house of your
dreams should be to
- Be cautious when buying.
- Don't buy with a sense of urgency
- Don't follow groupthink
Here are 3 tips that will help you with this purchase
First: Do a financial self-assessment:
Ask yourself the following questions: Do you have an
emergency fund earmarked for this purpose, How is your level of indebtedness,
Is it convenient to add another payment to your outstanding debts?
Second: Did you adjust to your budget, not your tastes?
According to real estate agents, 80% of people first see the
homes they would like to live in and not the ones they could live in, it is a
mistake to discard these purchases and think about buying for tastes and not
for finances, remember that your financial stability comes first.
Third: Make a budget and determine the benefit of owning.
Do I really need to buy it now? Take into account these points
to make these calculations, what is the appreciation of the property, what
other benefits do you have, such as school, supermarkets, and location, also the
interest cost of the loan, the property insurance, and do not forget the private
insurance that lenders require by putting less money down, taxes and any
maintenance that you should do to the house in the near or distant future.
Make a comparison with the rent of a property similar to
this one, is it better to rent or buy? And above all, the most important thing
is DON'T BUY MORE THAN YOU NEED. If you avoid these steps, buying your house
will become a nightmare, and you will have stress and bad times.
Avoid these mistakes and you will get the house of your
dreams and your pocket. Good
luck with your search!