Buying Tips - Peter Fitzgerald Real Estate

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Buying Tips

The 13 Worst Mistakes made by Home Buyers

Buying a home can be one of the most exciting and rewarding times of your life. Or it can be a roller-coaster ride of financial and emotional devastation. It depends on what you do. And what you do, depends on what you know. Most homebuyers do not have enough accurate knowledge. Worse, many are ill-informed.

This page lists 13 of the worst mistakes made by homebuyers. It suggests, briefly, how to avoid these mistakes so that buying a home will indeed be an exciting and rewarding experience.

Mistake #1: Exceeding your Future Financial Limits

Financial stress is horrific. It tears families apart. The most important financial question to ask yourself, before you buy a home, is: "What’s the worst that can happen?" What if interest rates rise? What happens if you buy based on two incomes and you lose one income? Think of the future.
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Mistake #2: Buying What You Want Instead of What You Need

There are TWO kinds of buyers: Those who buy what they want, and those who buy what they need. The public world of materialism is often a private world of financial stress.
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Mistake #3: Ignoring the Extra Costs and the Hidden Costs

The extra costs of buying a home can add as much as ten percent to your purchase price. In some States, the government stamp duty climbs as high as six percent of the price.
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Mistake #4: Failing to Research the Area

There are few things worse than discovering, after you have bought, that you could have bought better. If you intend to live in your home for many years, take some time to check out the area before you buy.
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It has been a great pleasure working with you again. We have now used you twice and will certainly use you again.

Stephen & Kylie Gass - Keiraville

I would just like to thank Jason Hines and the team for an exceptional job in selling my 'not so easy to sell' home unit in an exceptionally tough real estate market. The team put in 100% effort, they kept me constantly updated and informed throughout the whole process and were always confident of getting me the top result, even if I wasn't. The final price exceeded my expectations... I was actually prepared to take less. I had it listed with an agent previously, after being charged over $600.00 for advertising, nothing happened. As soon as I switched to PFRE, things started happening, the team sold my unit and the only payment was they're reasonable agent's fee, which in this case they earned every cent. Once again, many thanks for a job well done.

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