So you are young and in love and you think you have found the perfect nest to while away your lives together. Here are 10 tips that young house buyers should seriously ponder before signing the mortgage documents and taking possession of their dream house.
Dreams when not seriously thought out have a nasty habit of turning into nightmares.
- You are 25 years old. In 15 years, you will be 40 years old. Wouldn’t you like to have this house paid off and be only 40 years old?
- The price of buying a FIXER is you have to LIVE in a fixer, and be chained to it on weekends (when you should be out having fun) You are only young once.
- You can change the ugly carpet, but you can’t change the ugly location.
- Buying a house should be about making memories, not making money.
- Believe it or not, the real estate agent knows more about real estate than you do.
- Buying a house is like having a baby. You forget the labor pains the moment you see the baby.
- Getting the house before the financing is like getting the cart before the horse.
- Your friends are just jealous.
- Is this house REALLY worth the commute to your job?
- Psssst! It costs more than just the payment to have a house, and the yard doesn’t take care of itself, either.
Ten tips written by Janet Guilbault
Thinking of buying a home but your credit is bad. Take a look at the mortgage products being offered at Mortgages for Poor Credit.
