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5 Unexpected Things to Consider When Buying Your First Home

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Real Estate Agent with Berkshire Hathaway HomeServices Preferred Real Estate, Inc.; www.AuburnOpelikaALRealEstate.com

5 Unexpected Things to Consider When Buying Your First Home

Buying your first home is exciting, but it comes with some surprises that many first-time buyers overlook. Here are five key things to keep in mind:

1. Prepare for Extra Costs
Beyond the down payment and closing costs, be ready for other expenses like repairs, homeowners insurance, HOA dues, and utility setup fees. Having a small fund set aside can save you from unexpected financial stress.

2. Protect Your Privacy
Be aware of consumer protection laws, especially if you’re sharing sensitive information. Laws like the California Consumer Privacy Act ensure you know why your data is being collected and how it’s used.

3. Your Down Payment is an Investment
A lower down payment might seem appealing, but it means higher monthly payments and less initial equity. Investing more upfront can help you build equity faster.

4. Home Inspections Aren’t Foolproof
Always get a home inspection, but know it won’t catch everything. Issues like mold, radon, or pests may go unnoticed, especially in hard-to-reach areas. Attend the inspection to ask questions and understand the home’s condition better.

5. Don’t Be Afraid to Negotiate
The asking price isn’t set in stone. Use your home inspection to negotiate repairs or lower the sale price. Sellers often expect negotiations, so don’t hesitate to push for a better deal.

Buying a home is a big step, and having the right guidance makes all the difference. If you’re ready to start your home-buying journey, let’s connect!

#FirstTimeHomeBuyer #bhhs #RealEstateTips #AuburnRealtor #homebuying #homeselling #realtor #realtoradvice

Posted by

 

Laura Sellers

Associate Broker, Realtor, GRI

Berkshire Hathaway HomeServices 

Preferred Real Estate, Inc.

1810 E. Glenn Avenue, Suite 130

Auburn, AL 36830

Phone: 334-332-7263

Fax: 1-888-217-3682w

 

www.AuburnOpelikaALRealEstate.com 

 

TO VIEW HOMES FOR SALE IN THE AUBURN-OPELIKA AREA PLEASE CLICK HERE.

 

EXPERT IN AUBURN - OPELIKA - REAL ESTATE SERVICES

If you are buying or selling  property in the Auburn - Opelika, AL  area, my team and I will provide you with the service that you need.  We're the #1 real estate company in Auburn's #1 office.  

Please call me today at (334) 332-7263.

 

To view homes for sale in the Auburn - Opelika area please click here. 

 

Referrals are always welcomed and appreciated, Thank-you!

 

 

Show All Comments Sort:
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Laura - unexpected things of many sorts can seem to keep coming towards you as a first-time buyer.  Proper upfront preparation can help but unfortunately Murphy's Law seems to play an active role in real estate transactions.  

Aug 25, 2024 06:48 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Laura and thank you for sharing this great information with us here in the Rain.  Can I reblog it next week?

Aug 25, 2024 08:02 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

 great information. Thanks for sharing it.

Have a super fantastic week!

Bill Salvatore, Realtor- Arizona Elite Properties

Aug 25, 2024 10:42 AM
Lew Corcoran
Better Living Real Estate, LLC - East Bridgewater, MA
Expert guidance. Exceptional results.

Thank you, Laura, for sharing these insightful tips for first-time homebuyers! I appreciate how you highlighted important considerations that often get overlooked, as they can make a significant difference in the home-buying experience.

Aug 25, 2024 12:12 PM
George Souto
George Souto NMLS #65149 - Middletown, CT
Your Connecticut Mortgage Expert

Laura Sellers this is good advice.  Last minute surprises is the last thing anyone wants.

Aug 25, 2024 01:44 PM