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Posted by on Oct 19, 2018 in Real Estate |

5 Home Buying Mistakes That Could Trip You Up

It’s easy to fall into a few buying pitfalls when you’re shopping around for property for the first time. If you’re a prospective homebuyer, check out the following buying mistakes you should avoid at all costs.

Not sticking to your budget

The budget matters. But if you don’t stick to your budget, then you’re going to have a tough time managing your finances. Look for homes in communities in St. Johns County that are well within your price range so you won’t have to worry about stretching your monthly budget too thin.

Not counting the costs

When you shop around for a home in wonderful communities in St. Johns County, be sure to count the cost, the NerdWallet says. When you buy a home, you aren’t just paying for the price of the property. You need to set aside money for insurance costs, home association fees and even taxes. Then there are the monthly insurance premiums you’ll need to pay for too.

Emptying your savings

You never know when a financial emergency will happen. If you empty out your savings when you buy a home, you could end up in a bind and have a tough time paying monthly bills. The best way to prevent this is to save up enough for a down payment. That way, you won’t have to drain your account dry.

Not checking your credit score

A high credit score can help you get better loan rates. That’s a good enough reason to check and know what your credit score is. Make sure you take a look at the information for any errors. Have these corrected as soon as possible.

Not checking the distance

Consider the travel time to and from your place of work. To learn more about finding the right property in St. Johns County, contact Beachwalk today.