subject: Top five mistakes when buying Fort Myers real estate [print this page] Top five mistakes when buying Fort Myers real estate
It's a big decision, and before you take that leap into home ownershipwhether it's the first time or you're a seasoned prohere are some pitfalls to avoid when you're ready to buy Fort Myers real estate for sale.
Blow your budget. Don't buy more house than you can afford. Determine your budget by factoring in extra costs such as interest and closing costs (typically two to five percent of the home cost). Then don't forget your monthly living expensescar payments, groceries, dining out, credit card payments, tuitionand tally it up. As a general rule of thumb, your monthly debtincluding your mortgageshouldn't be more than 36% of your income.
Buy at first sight. With so many homes on the market right now, in your search for Fort Myers real estate for sale, you're bound to find your perfect place. But, before you take the plunge, slow down. Visit it a few more timesgo back during the evening to see if there's a punk band next door that practices every night, take a test run of your morning and afternoon commute to see if the traffic is going to make you crazy. Check out the neighborhood schoolseven if you don't have kids, the reputation of the local schools will have an impact on your home's resale value.
Go solo. You may think you can buy a home on your own, but it's smarter if you rely on a well-chosen team. This is not the time to save money by skimping on professional fees. Ask friends and colleagues for recommendations for trusted real estate attorneys, inspectors, mortgage brokers and title companies.
"Trust me." The corollary to the "mistake" above is don't trust anybody without doing your research first. Even if your best friend says her mortgage broker did a fabulous job for her, check him out thoroughly. Also, don't be afraid to say, "sorry, no thanks," to that realtor who's eager and friendly, but isn't the right fit for your needs. This is a business transaction first and foremost.
What have I done? Don't let buyer's remorse get the better of you. Out of all the Fort Myers real estate for sale, you've found the one that's right for you. There's bound to be little things that aren't quite right. Take a deep breath and let it go. Enjoy your new home!
For more information about Fort Myers real estate for sale, visit paseo-ftmyers.com.
