They say home is were the heart is. Our homes are so closely identified with who we are that it isn’t surprising that buying a home is such an exciting and emotional process for many people. You find the perfect house and are charmed by its character. You can already hear the laughing voices of your children echoing through the halls. You can envision them playing in the backyard. Unfortunately, this excitement and emotional involvement can one’s cloud judgment.
Considering that buying a home is likely the largest and most complicated purchase most people will make it is important not to allow emotion to influence sound judgment.
Love Is Sometimes Blind
Make up your mind that you are going to look at a minimum of 5 homes before making a buying decision. It is not uncommon for home buyers to stumble upon a home that is perfectly charming at first glance and that seems to be everything they are looking for. They fall in love and make up their minds before doing their due diligence. This can result in serious problems down the road from paying too much for a property to something like a scene from the 1986 movie The Money Pit starring Tom Hanks and Shelley Long. From the minute they take possession of their dream home the house begins to fall apart bleeding them dry of every last cent they have to their name.
Paying Too Much
Buying a home based on love at first site can lead to another common mistake made by home buyers and that is paying too much. When buyers overextend themselves financially for a home that is more than they can afford the love affair with the home of their dreams can turn to bitterness and heartache. When you begin shopping for a home be deliberate and only look at home within your price range.
Overlooking The Details
Buying a home in New Jersey is a complicated process and consequently there are a number of problems that can come up. Retaining the help of an experienced real estate lawyer can help ensure that the deal goes through, title is transferred and that all relevant items are included in the contract of sale. There is nothing worse that verbally agreeing on something only to find it was not included in the contract.
If you are on the market for a home consider talking with an experienced New Jersey real estate attorney to find out how they can help you avoid common problems associated with the transfer of real estate and ensure the best experience possible.