Couple Money Podcast

Most Common Home Buying Mistakes to Avoid

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Synopsis

Are you house hunting or about to start? Learn how you can buy the right house for you and your budget.  Mistakes Home Buyers Make Buying a house is usually one of the biggest purchases you can make and the financial paperwork of getting a mortgage gets complicated quickly.  Besides having a down payment ready, you have other costs like  Home inspection Lender fees Appraisal Title search and insurance fees And so forth If you’re buying a $300,000 home, you’re looking at paying anywhere from $6,000 to $15,000 in closing costs. If you’re living in an HCOL area, those numbers leap up.  It's really important to make sure you're ready for this leap before you signed the papers. You rush into it and you’re stuck with a mortgage you can’t comfortably afford, making your home a burden, not a blessing.  If you live in a hot real estate market it’s even more of a challenge. You’re dealing with multiple bids, some of them being much higher than the listing price. Here in Raleigh, it’s not uncommon to be competing with