Buyer Fears and How an Agent Can Help

Dated: December 3 2020

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As exciting as it is to buy a new property, it can be a tad intimidating. While it is one step closer to your dream, buying a house is also undertaking a significant financial risk. It is a complicated, multi-layered process regardless of whether you are a first-timer or you have been down this road before.

However, when it is your first purchase, the jargon and unknown variables can be both frustrating and daunting.

If you are currently dealing with such fears, know that you are not alone. Luckily, you are in the right place because this article is great for first-time homebuyers. Here we will go over how an experienced agent can help in dealing with your fears.

I cannot afford to purchase a home

The most common fear that a first-time homebuyer will encounter is self-doubt. The struggle to buy a home is real, tough, and some indeed cannot afford it. However, it is not as expensive as one might have originally pictured.

Sometimes, all it takes is the right eye to lay out a budget and follow that route. You need to evaluate your finances in terms of monthly spending and debt.

This is where an experienced real estate agent can help bring you out of this never-ending, mazy dilemma. The agent will sit with you, take a hard look at your finances, and guide you accordingly. 

Once you and your agent sort out everything from expenses to debt, you will have a clear vision and plan.

I don’t have a convincing credit score

Having a not-so-perfect credit score can spark fear in a homebuyer. While it can be scary, one should not give in to their fears. Yes, it can be challenging when it comes to getting a mortgage, but an imperfect credit score does not make mortgage unachievable.

First and foremost, you need to get a copy of your credit report and look for inaccuracies in it. If you find any, make sure to get in touch with the credit bureaus to dispute them. A lower credit score means a higher interest rate. We would recommend getting the advice of a professional and get the report evaluated by an agent or a lender. The agent or loan officer will be quick to pick apart errors or guide you regarding how you can bring up your credit score to secure a loan faster, that too, on a reasonable interest rate.

Keeping up with maintenance costs

Even the best house comes with upkeep costs. And you worrying about drowning in these costs or not being able to keep up with them is understandable. 

However, this is no reason to panic. While these costs are unavoidable, it is not impossible to mitigate them.

Make sure you opt for a house that has been upgraded recently, such as a new roof and plumbing. This will minimize maintenance costs.

Other than this, hiring an experienced agent can give you a birds-eye-view as they will be able to notice or pinpoint defects that your eye probably will not.

Another thing we like to recommend is a home warranty. Home Warranties are designed to protect your home’s appliances and systems from breakdowns caused by normal wear and tear.

 

If you have been thinking it is time to start this process or even just have questions on where to start, reach out to us! We know where to start and would love the opportunity to serve you. 

Blog author image

Rob Wachter

Rob has been a Realtor since 2004 and founded The Wachter Group in 2013, and joined JPAR Carolina Living in 2019 as both a team leader and a franchise co-owner. Rob’s team specializes in First-Time ....

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