Ten Biggest Mistakes Made by Home Buyers–#7
Mistake #7 Buyers wait too long.
Don’t wait, buy now! I know it sounds like a pushy salesman trick taught on every car lot in the country…”It might not be here tomorrow!” But when it comes to making a home purchase, there is never a better time than right now! Now let me preface that with a couple of things, you must get your credit in line, have income, get qualified for a loan—you know, be ready to buy. What I’m talking about here is the mentality of “I’m waiting for the bottom of the market to buy,” “I haven’t found the right house,” “I’m scared!” All of these stall tactic or procrastination can end up costing you more than you realize. Here are just a few of the areas where you could loose; interest rates could rise, Vegas home prices could rise, you will miss out on the tax deduction and the right home for you could be purchased by someone else. Let me give you some real numbers, if rates increased by ½ of a percent on a $300,000 loan your payment will go up $100 per month that’s $36,000 over the life of the loan. That hundred sure could buy a nice dinner every month for my wife and me, I’m glad we didn’t wait! Get out there and buy a home now, it will change your life and get you on track to financial freedom. I’m still looking for the millionaire that doesn’t own some real estate. Let me know if it’s you, we’ll go shopping!