3 overlooked concerns when buying a home

By
Mortgage and Lending with Leader One Financial 164545
https://activerain.com/droplet/4HYz

If you're looking to buy a home soon, then there are some areas of concern that you need to know about when looking for a home, and when your ready to purchase let us help you with the pre-approval and financing!

While I'm not a pro when it comes to finding real estate (but I can refer you to some if you need) - I do understand that it's important to think ahead when buying a house.

As you tour homes in search of your next residence, here are the 3 overlooked concerns when buying a home

1. Be concerned about the Big Picture.

Look ahead and come up with a 5 or 10-year-plan as you house hunt. Will you start a family, raise a family or even become empty-nesters? Will you want more room to host big gatherings? Or, do you need less room (and less space for mess...)

Think through the life chapters you hope to see while residing in the house... this will help you choose the perfect home for your family.

2. Be Concerned about your dream home3 overlooked concerns when buying a home

Just about everyone who purchases a home wants to make improvements down the line. The great thing about a home loan is that you'll probably have to do some planning on how to spend your money. With FHA and Conventional loans you'll have to pay closing costs and a down payment, so money might be a little tight for those updating projects you wanted to do, but with a VA Loan or USDA loan, there's no downpayment so you can get started.

However, even if some home improvements have to wait, don't lose heart. Decide your "must haves" list before you tour homes; this will help you know how to select and negotiate for the right home for you.

3. Be Concerned about the Neighborhood

So you found a great house  - it meets everything on your wish list. One last thing to do before you make the offer:  make sure it's in the right neighborhood.

Your dream home can quickly become a nightmare if it's not in the type of neighborhood you desire. To know more about your neighborhood consider:

  • Asking your real estate agent to help you pull crime stats, Watchdog lists, police reports, etc.
  • Driving by the house at different times and days of the week. See what the area is like during the day, at night and on the weekends.
  • Networking - if you're moving locally, ask around and see if anyone else knows someone in the neighborhood and if they'd recommend living there.

Like we said - we'd love to refer you to a real estate agent if you're looking to buy a home in Kansas City. These are just a few of the things we've learned along the way.

If you'd like to get into your dream home, please get in touch with us right away and we hope you've learned a lot about buying a home for your family from our 3 overlooked concerns when buying a home

Posted by

Darren Copeland | Home Loans | Lee's Summit MODarren Copeland, Vice President LeaderOne Financial

4967-B NE Goodview Circle, Lees Summit, MO 64064

(816) 268-4025

KC Loan Tips & Midwest VA Loans

 

KC Loan Tips FanpageKC Loan Tips YouTube Channel  Leader One Financial's Google+  KC Loan Tips Twitter   Darren Copeland Linkedin   

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Steven Simmons and Marti Schmidt 09/08/2015 04:09 AM
  2. Praful Thakkar 02/16/2016 11:18 AM
Topic:
Lending / Financial
Location:
Missouri Jackson County Lee's Summit
Tags:
buying
kansas city
fha
house
home
financing
home loan
loan
preapproval
purchase
usda
area
missouri
concerns
mo
va
mortgage
coventional
overlooked

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Rainmaker
1,878,118
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Good mornng Darren..Three areas that all future buyers should adhere to...Thanks for sharing with us.

Sep 08, 2015 03:07 AM #1
Rainer
258,496
Darren Copeland
Leader One Financial - Lee's Summit, MO
Darren Copeland

Yes, Ronald DiLalla, I find it amazing that some people don't know about these simple things they can overlook!

Sep 08, 2015 03:17 AM #2
Rainmaker
350,970
Steven Simmons and Marti Schmidt
John L Scott Ocean Shores - Ocean Shores, WA
Ocean Shores Real Estate www.theoceaniscalling.com

Great post.  Things every excited yet savvy buyer must consider. 

Sep 08, 2015 04:04 AM #3
Rainer
258,496
Darren Copeland
Leader One Financial - Lee's Summit, MO
Darren Copeland

Steven Simmons and Marti Schmidt , we can't let the excitement overrule the smart side of us when looking at those homes can we! ;)

Sep 08, 2015 04:41 AM #4
Rainmaker
350,970
Steven Simmons and Marti Schmidt
John L Scott Ocean Shores - Ocean Shores, WA
Ocean Shores Real Estate www.theoceaniscalling.com

Absolutely not.  It is all about the most suitable loan and correct timing with this important investment. 

Sep 08, 2015 05:35 AM #5
Rainmaker
2,223,330
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Nice job with your post Darren. All good points and important for anyone considering the purchase of a home.

Sep 08, 2015 07:34 AM #6
Rainer
258,496
Darren Copeland
Leader One Financial - Lee's Summit, MO
Darren Copeland

Thanks Joe Petrowsky we love being helpful!

Sep 08, 2015 07:41 AM #7
Ambassador
4,297,809
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Darren Copeland all good points - and I do see buyers do have preferences for the neighborhood.

Sep 12, 2015 03:14 PM #8
Rainer
258,496
Darren Copeland
Leader One Financial - Lee's Summit, MO
Darren Copeland

Praful Thakkar  yes, some buyers out there are getting more savvy about the neighborhoods they choose, but only 1 of 3 still could land you in hot water!

Sep 13, 2015 11:05 PM #9
Rainmaker
797,059
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Darren - Great things to consider when making a home purchase. Thanks for sharing.

Feb 16, 2016 12:55 PM #10
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