Stuff happens!   While in a hurry to attend a staff meeting, I discovered my car had a flat tire!  Generally these “bumps” are distracting but a serendipitous meeting with the mechanic proved that you can turn a distraction inside out.

“Nate” was the AAA mechanic dispatched to assist me with a flat tire.  Yes, I could have fixed it myself but that’s another blog!  I was grateful for his promptness and his professionalism.  A ‘salesperson’ engaging in a conversation is like spreading butter on toast and so we eventually merged our discussion into the field of real estate.

He was particularly discouraged that with his limited purchasing power, he would never find an affordable home.  I discussed with him that there has never been a better time to buy an “affordable” home, the inventory is strong with bank owned properties contributing to the mix and the interest rate at a 50 year low makes things “prime” for his first purchase.

Sensing he was a little reserved, I heard Nate say, “I’ve been told not to buy your Second home FIRST”!   I answered Nate by saying “I think you’ve got it”!  If you take the time to look around, work with a knowledgeable REALTOR that can direct you to homes in your area and you remain dedicated to purchase only what you can afford, you won’t make this mistake. 

Given the mistakes of the past, it is important to make sure that as a new buyer you don’t overextend your new home purchase.   The goal is to purchase a home that is within your budget and serves your immediate needs.   In the future, there will be time to buy a larger home or to accommodate living space to suit your growing concerns.

Stay tuned for “Nate” success story. 

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