Don't Make These Mistakes!
Five things not to do when buying your first home!
I’m Steve Smith, owner of Irish Realty, and today I’m going to run it down for you.
Number one! Don’t make any other major Financial moves like buying a car that can hurt your credit and ability to buy a home. Any changes to your credit can have a negative impact on your ability to get a mortgage. That includes opening or closing a credit card and getting a new car loan.
Number Two! Don’t change jobs, especially during the transaction. This for sure will make sure that you do not own a home anytime soon. Banks are looking for long-term, stable employment; any impact to this will likely force your mortgage provider to rescind your loan offer or at the very least, lower your loan amount.
Number Three! Don’t ignore due diligence. When you are in the contract phase be sure to have inspections and make sure the property is what you thought it was. A home inspector will check for minor and major flaws that you may not have noticed when walking through. You don’t want to be surprised after closing with a costly repair or worse.
Number Four! Don’t be surprised with unexpected expenses! Be sure to budget for all household expenses including utilities HOA fees or any potential maintenance repairs that come in the future so you aren’t house poor. And. . .
Number Five! Don’t forget about resale value. Consider your future resale value. This may feel like your forever home today, but your life may change in the future and you could find yourself moving sooner than you think.

For more details and to get help, reach out to the Steve Smith Team at 574.360.2569 and let’s get started today!
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