Welcome to the GaryThompsonTeam.com Blog

2018-06-26 13:24:31
Before You Buy Your First Home

Buying your first home only happens once. It can be a steep learning curve. Here are the top 4 things first-time homebuyers wish they knew before buying.

  1. Keep Selling in Mind: It may be the furthest thing on your mind, but odds are you will eventually sell the home you buy. There are lots of things that affect how easy it is to sell a home. If you are buying a home in an area that has a lot of homes for sale, you might want to consider if it will be difficult to sell the home. Are there a lot of people that share your reasons for wanting to buy the house? For example, you may not have children, and the school district in the area might not be a consideration, but many homebuyers have a family.
  2. Keep Your Emotions in Check: Buying anything is an emotional experience on some level. However, you don’t want your emotions to override your actual lifestyle needs. If you work 60 hours each week, it may not be a good idea to buy a house with a large yard, unless you can afford someone else to take care of the maintenance.
  3. Pay Attention to Your Budget After You Buy: It’s not terribly difficult to determine what you can afford. Your agent and loan officer will help you every step along the way of the home buying process. It’s important to pay close attention to your budget in the weeks and months after you buy a home. You will likely have a different cost of living after buying your new home, and it may take some adjustments to get used to it.
  4. Research the Area: Review the bylaws in the area you buy. You may also have an HOA with rules that may influence certain decisions. For example, you may not be able to build a shed in your backyard to store your jet skis. Zoning laws may also have restrictions on things like how many people can rent in the area.

Source: https://www.forbes.com/sites/financialfinesse/2017/05/21/5-things-i-wish-i-knew-before-buying-my-first-home-in-my-20s/#284f81084b8a

 
Blog Archive
2018-07-23 12:03:59
What a Smartwatch Can Do For You

2018-07-16 15:27:22
12 Ways to Tie

2018-07-09 14:38:48
Staying Cool This Summer

2018-07-06 14:37:26
Road Trip Basics

2018-06-26 13:24:31
Before You Buy Your First Home

2018-06-19 13:29:36
15 Essential Food Storage Items

2018-06-11 14:19:47
Top 10 Wallpaper Patterns

2018-06-04 13:52:39
Local Utah Hikes

2018-05-30 14:27:45
Make It a Habit

2018-05-22 12:20:49
How to Observe Memorial Day

2018-05-15 14:56:10
Eat Breakfast Every Day

2018-05-08 14:50:07
Summer Bucket List

2018-05-01 11:58:38
How to Survive a Convention

2018-04-24 11:48:12
The New Salt Lake Airport

2018-04-17 14:38:45
Time to Jog

2018-04-10 13:07:21
Top U.S. Beaches

2018-04-03 14:59:30
How to Save on Gas

2018-03-27 10:30:54
How to Fund an Idea

2018-03-19 15:57:45
Time to Cut the Grass

2018-03-08 15:35:58
Daylight Savings is Here

2018-02-28 13:45:23
How to Get Ready for a Mortgage

2018-01-23 15:39:45
Where the House Came From

2018-01-16 14:26:52
Winter Inversion

2018-01-08 13:52:33
Game Night with the Family

2018-01-08 09:45:00
Declutter Your Home with These 5 Easy Tips

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.