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Ignorance is not bliss when purchasing a home for the first time

When purchasing real estate in Lynchburg Va there is no truth in the cliché “Ignorance is bliss”

Here are Seven Good reasons not to stick your head in the sand.

  1. Knowledge is bliss. You as a first time home buyer in Lynchburg Va don’t have to know it all but you must know what is important to reaching your particular goals  Depending on the type of home you are looking for would depend on the type of knowledge you need to make an informed decision.  In the beginning it is best to start at finding out what you don’t know about the particular home purchase and fill in the blanks.  This will assure that you can make a confident buying decision
  2. Specifics are bliss.  Not all first time home buyers are the same.  Consequently not all first time home buyers should seek the same home purchasing solution.  Everyone has different needs.  Generally the weakest link for a first time purchaser is a down payment. This may not be your particular case and to generalize and focus on that would necessarily help you meet your goals of home home ownership.
  3. Not assuming is bliss.  Assumptions cost money and waste time.  Don’t assume anything. Ask questions and listen to the answers. To be conscientious and deliberate to get clarification could mean money in your pocket as a first time home buyer.
  4. Courage is bliss. Fear can influence your decisions and you may make a decision in haste.  Fear of missing out on a good deal can actually cause buyers to dive into buying which may not be in your best interest.  Having the courage to say no this is not the house for me or the time for me to buy is just as important as knowing that this is the right time for you to buy.  Working with me I will put your interests first & work on a strategy which ensures you have all the knowledge necessary to protect yourself and your family.
  5. Impossibilities are bliss. It may take long to make the impossible happen but it can happen.  Your dreams can come true.  However you need a good strategy to get you there along with your dreams.  If you are serious about owning your own water front property or mountain vacation home than lets sit down and chart a reverse-engineered long term strategy which is determined with the end in mind.  It may take two or three real estate purchases to get you there with some strategic real estate investing but it will be worth the planning.
  6. Plan B is bliss. When purchasing a home expect the unexpected.  Worst case scenarios, contingency strategies and Plan B alternatives are good safe guards when diving into home ownership.  Be proactive and think ahead.  This approach could help you not get broad sided by an unanticipated repair or event and could allow you to take advantage of a great opportunity.
  7. Cashflow is bliss. Cash may be king but cash flow means peace of mind.  Over and beyond the purchase price of the home first time home buyers must remember that they need to also pay for the lawyer fees, title insurance or a survey and reimbursement of property tax to sellers who have paid for the year in full and the long list of other closing costs.  I’ll help you with the details of possible expenses.  We will also talk about affordability of owning.  Over the first year there may be unexpected expenses.  Let’s talk about a projected ownership budget as well as purchasing costs.  Beware of getting into the house rich cash poor category.
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