The Highland Park neighborhood in St. Paul, MN is a great area to live! With beautiful homes, parks, golfing and shopping, it’s no wonder that it’s a very popular area for potential home buyers be looking! Nevertheless, buyers need to be careful to avoid some of the most common mistakes when looking for a house, even in a wonderful area like Highland Park.
In this article, Amy Fontinelle outlines eight of them, a few of which are:
Falling in Love With a House You Can’t Afford
We’d all love to live in a home that’s several steps up from the one we can actually afford. And with house prices dipping so low these days, there can be a temptation to get that “amazingly good deal” on a house that was once unthinkably expensive and is now only moderately out of your price range. Resist that temptation. As Ms. Fontinelle points out, “…when you buy another $10,000 worth of house, you’re not just paying an extra $10,000 – you’re paying an extra $10,000 plus interest, which might come out to double that amount or more over the life of your loan.”
Being Desperate
You’d just like to be done already with the process of selling, buying and moving. It can be stressful, both physically and emotionally. Resist the temptation to buy a house that isn’t right for you, though. There are too many homes on the market right now for you to get something you won’t love. Be patient, give it time, and you’ll find the perfect Highland Park house for you.
Rushing or Dragging Your Feet
Once you find the perfect home for sale in Highland Park, you’ll likely have one of two reactions, depending on what kind of personality you have – you’ll either want to put in an offer that very second, or you’ll want to take lots of time to investigate every possible downside to the property. Either route is usually a mistake. You need to take a little time to carefully think through the purchase, sleep on it, and get a good feel for the specific neighborhood. But you don’t want to wait too long either, allowing someone else to buy a home you were ready to buy and put you through more weeks of house-hunting. It’s a balancing act, and your real estate agent can help you determine when to put an offer on a house, and how much that offer should reasonably be for.
As a buyer, the market is currently in your favor. Don’t despair if the perfect home doesn’t immediately present itself to you. If you want to live in Highland Park, St. Paul, you’ll be able to find the right home for the right price with some patience, skill and the help of a good realtor.
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