Buying Your Very First Home the Smart Way

You're finally buying a house! You've been saving up for years, and nothing could be more
exciting than the prospect of buying your own home. However, purchasing a new home can be overwhelming. There's so much to do you may not know where to start. Here are some of the things first-time homebuyers make mistakes on so you can avoid them.

• Emptying your savings account. If you have an emergency fund for yourself, then great!

But if not… well… don't spend it all on a down payment for your new home! The last thing anyone wants is for their new home to be foreclosed on because they spent all their savings on it!

• Underestimating the costs of homeownership.

Homeownership comes with many more costs than renting—from landscaping and maintenance costs to insurance premiums and property taxes. Before deciding whether or not homeownership is right for you, take into account all of these expenses

• Making decisions based on emotion.

If you find yourself really attached to a particular house or neighborhood, it might be hard to see past the emotional attachment. That's okay! Just keep in mind that it's not always easy to get emotional about something and then just walk away. You want to make sure you're making an informed decision instead of one based on feelings alone. Remember that first-time home buying is a life-changing decision. Make sure you give yourself plenty of time to start your search and find a house that you will be happy with for many years.

Don't fall into the trap of making bad decisions based on excitement—be patient, save as much money as possible, and don't allow your emotions to get the better of you.

When the time is right, the professionals at EXIT Realty Gulf Shores are here to help!

WE’RE HERE TO GUIDE YOU 

While national real estate trends can provide a “big picture” outlook, real estate is local. And as local market experts, the associates at EXIT Realty Gulf Shores can guide you through the ins and outs of our market and the local issues that are likely to drive home values in your particular neighborhood.

Contact us now to schedule a free consultation. We can help you assess your options and make the most of this unique real estate landscape.

We are REALTORS ® servicing the communities along the Alabama/Florida Gulf Coast  for 20+ years--Gulf Shores, Orange Beach, Magnolia Springs, Fairhope, Daphne, Spanish Fort, Elberta, Lillian, Robertsdale, Summerdale, Silverhill and Bay Minette.  We also serve Perdido Key and Pensacola.   As the First EXIT Realty office opened in the State, we take pride in our service to our past, current, and future clients! We specialize in Real Estate Sales including REO/Foreclosures, Luxury Homes, Gulf Front Condos, Long Term Rentals, Residential homes, and Commercial Property. Give us a call at 251-974-1288 and speak with one of our trained professionals today!