Have you been searching for your next (or first) home? If you’re like most El Pasoans, you’ve probably driven past your fair share of homes for sale in the Sun City. But it seems as if the day you decide to go house hunting, all those For Sale signs seemingly disappear. Perhaps they’re out of your price range or maybe they’re not what you’re looking for. Regardless of what’s bringing your home buying journey to a standstill, The Lozano Real Estate Group can help. We’ve outlined the most common pitfalls first-time homebuyers face as well as what one must do in order to succeed.
You Don’t Know How Much You Can Afford
Before looking for homes for sale or even buying a home, you need to be aware of how much you can afford. This will be one of the biggest purchases you’ll ever make so it’s important to start off on the right foot. Without a proper budget in mind, you’ll end up losing time while you look at homes that are way out of your range or too low for your requirements. It is in your best interest to find a loan with a monthly payment you can afford comfortably. By using a mortgage affordability calculator, you’ll be able to get a clearer view of what you can afford. From there, you’ll be able to proceed accordingly.
You’re Not Prepared for What May Occur Later On
When purchasing a previously-owned home, you need to be careful and understand what you’re getting yourself into. These homes may be much more affordable but they also tend to require more maintenance than new homes. By understanding this, you should plan ahead in order to save enough money so you can comfortably make a down payment as well as pay for closing costs and other expenses. You can use these savings to fix leaks or other maintenance issues, as well.
You’re Not Ready For The Bills
When you buy a home, you enter into a new stage of life. You’ll face a variety of different bills, such as property taxes and insurance, so it’s in your best interest to be prepared for this. With the help of your real estate agent, you’ll be able to step foot into the world of homeownership with all the information you require. These are just three issues that may come up during your search. Give the Lozano Real Estate Group a call today to learn more about what you can do to succeed.