What should buyers be considering BEFORE they buy? Looking on the internet gets people into the initial stage of exposure, before they even call a REALTOR. Most people think the property viewing stage is fun, both on the internet and in person, and it should be enjoyable. But what about the advance homework? Internet photos and marketing can get you hooked, but it can also be a nervous, even fearful time, coming to the decision to submit an offer when you're new to the process. Even if you're a repeat buyer, buyer's remorse or indecision will have far less impact if you think over some things in advance, and consider now what your fears may be (it's not unusual to have a few).
Sticker Shock: Renting might be cheaper than owning -- do you have a mortgage pre-approval with estimated costs before you go out and look?
Home Maintenance: Are you prepared to spend time on painting, fixing leaks (or hiring someone), mowing a lawn, saving up for a new roof? Do you know how much it will cost to heat that pool every month--or just keep it clean? And then there's annual insurance premiums. Just some of the things to think about.
Have you checked out all utility bill costs for a house vs. your one-bedroom apartment? It would be a smart thing to do now.
