First Time Homebuyers have a lot to learn and sometimes may feel overwhelmed at the terminology and all the questions, answers and choices they have to make. This is not a reason to turn back from your mission to buy a home for your family. I know lots of times first time homebuyers do give up the search for reasons such as this. This is where your Realtor comes in. After you have interviewed and found the real estate agent that you can work with, that you can Trust, begin your search and do not turn back.
Home ownership is the best way to gain wealth. The average home owner will move in about 5 years. That means you get to do this all over again. Many of the reasons for selling and buying again are job transfers or the family out growing the current home. The second time will be easier because you have learned so much the first time.
Remember first time homebuyers, even if you don't get it all right the first time around, you will probably be OK. Homes generally increase in value and you would be renting and not receiving anything in return. There is not a house built that will have all the amenities at the price you want to pay. Take the closest thing to it and be happy. You will probably be selling it again in about 5 years. Use this one as a first step to the home of your best dreams.
Educate yourself and be wise in your decision to buy, but BUY. Don't put it off indefinitely. You need to make that decision to start building wealth today and providing a nice place for your family to live. The benefits of home ownership far out weigh the responsibilities.
Ricki Eichler,GRI, your Texas Hill Country connection
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Hi Ricki... this is excellent advice that everyone thinking about buying should pay close attention to.