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What are you scared of?

Are you scared to buy a house? 
Here’s some of the things that scare buyers and suggestions on how to overcome the fears
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Do I have enough money to buy a home?   
  • Pre-qualified:    The  first step to finding out how much home you can afford is to get pre-qualified for a mortgage.   A good mortgage professional can tell you fairly quickly about how much of a mortgage you are qualified for.  (See related article:  Pre-qual or Pre-approval.)
  • Take a look at your finances:    Make sure you have enough for the downpayment and that you also have enough to pay closing costs, which include such things as title insurance and transfer fees.    The National Association of Realtors (NAR) reports that closing costs average between 2 and 7 percent of the home price.
  • Extra Funds:  You’ll also need to have money left over as a cushion after you buy a House.     What if unexpected repairs happen?   Be sure that you have enough money leftover to keep your life running smoothly.
  • Will I have buyer’s remorse?

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    Kitchens are #1 for buyers

    What do homebuyers want? 

    Related Articles:

    The following was provided by AVID Ratings Co., a firm that provides surveys and employee training to home builders across the United States ROYAL IMG_2280. kitchenJPGand Canada.  They conducted this annual survey of home buyer preference at the 2010 International Builders Conference in Las Vegas.   Definitely includes some interesting insights:

    1. Large kitchen with an island — no surprise to me that this is #1 on the list
      • Also, some of the top kitchen and bath trends according to a designer survey conducted by the National Kitchen & Bath Association include cherry as the top choice for kitchen cabinets, ceramic and porcelain tile for the flooring, under-counter refrigeration, and flexible faucets.
    2. Energy efficient appliances and energy efficient windows
    3. Home office/study – I wonder if this has more and more to do with people working at home, vs. commuting to an office
    4. Main Floor master suite  — Is this a result of the baby boomer population aging?
    5. Outdoor living room  – One of my personal favorites

    The other top 10 features included Ceiling Fans (I found this one surprising to be included on the list),  master suite soaker tubs, stone and brick exteriors,  two-car garage,  and community amenities.

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    To find out more information about Colorado Springs, Call ……
    Kathy (719-287-1049)   KTorline@msn.com

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    Looking for home repair bargains?

    Home Repair Bargains

    For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com

    Must read articles

    If you’re passionate about good deals and like to help support a good cause, then you’re in luck. You can visit the layer uid 1599038Habitat For Humanity ReStore in Colorado Springs, Colorado – one of over 500 such stores around the country

    The store is similar to a Goodwill or Salvation Army; they are outlets that accept items for resale and are stocked with donations from individuals, contractors, and even retailers.   Their inventory includes a variety of things for do-it-yourself projects including light fixtures, paint, sinks, appliances, cabinets, and flooring.  Proceeds from the sales go build and rehabilitate homes for low-income families.

    The local store in Colorado Springs is at:

    • 411 S. Wahsatch Avenue, 80903
    • 719-667-0840

    There is also a store in Denver (70 Rio Grande Blvd.)   To see a complete list of the stores in the Colorado Area, visit the web site.

    To donate, volunteer, or to find out more, visit www.habitat.org.

     

          
      If you enjoyed reading this article, why not Subscribe to be notified of the next one? 
     
    To find out more information about Colorado Springs, Call ……
    Kathy (719-287-1049)   KTorline@msn.com

     

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