Set Realistic Goals
The next mistake many homebuyers make is not setting realistic goals. Why do you think that setting realistic goals is important? Stay in touch with reality - easy to get carried away - home magazines, homearamas, model homes.
Buy wisely and within your means rather then end up “house poor” as the saying goes. How many homes does the average person own over their lifetime? SEVEN Start small - compromise - you will own the ideal home another day.
How do you check to see if your goals are in line with your financing options? In other words, do the homes in your price range appear to have the features and options that you want and how can you verify that they do? Check out homes for sale on the Internet (www.homesteadnet.com for listed property - www.achoicerochester.com for “for sale by owner” property).
What if your goals aren’t in line with your finances? 1) Reconsider your goals; 2) Delay buying - save up more money for down payment & closing costs - pay off bills - wait for a raise or bonus.