When you’re buying a home, particularly if it’s your first one, you probably have a laundry list of homebuyer fears – and that’s normal.
So what are some of the most common homebuyer fears?
Three Common Homebuyer Fears
- What if I miss out on the house of my dreams?
Sometimes the Tampa Bay real estate market moves quickly. If you see something that interests you, it’s best if you let your Realtor® know immediately.
- What if I lose my deposit?
When you’re buying a home, it’s fairly standard to put in an earnest money deposit with a signed contract. It’s often around 3 percent of the purchase price. However, it’s difficult for a buyer to lose a deposit; the seller doesn’t cash that check. It sits in an escrow account, and it typically cannot be released without both parties agreeing and signing.
- What if there’s something terribly wrong with the house?
After you put in an offer, it’s normal to have a sort of pre-buyer’s remorse. Remember, though, you’ll have an inspection – and if the inspector finds anything serious, you can go to the seller and find out whether they will repair the issues or they will credit you back after closing.
Buying a Home is a Huge Decision
For most people, a home is the biggest thing they’ll ever buy. You may be signing up for a 30-year mortgage, and when you look at the big picture, that seems like a very long time.
However, most people end up being very happy with the homes they decide to buy. Remember, your Realtor won’t steer you in the wrong direction. He or she is there to walk you through the process and help you make the right decisions.
If you are thinking about buying a home in the Tampa Bay area, call us at 727-584-8480 or 813-961-6000. You can also contact us online if it’s easier. We can help you find the perfect home in Tampa Bay.