Serving All Your Real Estate Needs In Angel Fire, Red River & Taos, New Mexico; Land, Ranches & Unique Homes

Don’t be a newbie: Avoid these common mistakes when buying your first home.

1.Getting too emotionally attached:

• Try finding "several homes you love so that you're not too emotionally invested in one."

2.Finding the home yourself:

• Just don't only rely on your brilliant research skills or the many real estate sites.

• Contact an experienced Realtor and allow he/she to vet homes for you.

3.Assuming you have no rules to follow as a homeowner:

• Some homes have restrictions that come with conditions.

• Restrictions vary, depending on where you're buying your home.

• Make sure you are aware of all covenants and restrictions that may apply to each listing.

4.Not saving enough money:

• Saved up enough money for a down payment. That's a huge accomplishment.

• It has been suggested that buyers have two to three months' worth of mortgage payments in reserve.

5.Pre-approved for a loan:

• Get proof of income and assets in the form of a pre-approval letter from a lender.

• This process simply means that the lender has looked through your financial situation and is comfortable with lending you a certain amount of money.

6.Paying private mortgage insurance (PMI):

• If you don't put down at least 20%, you may have to pay PMI.

• If you do, be sure to let your lender know what you have paid down. So that you only owe 80% of the homes' value.

• Your lender will cancel your PMI so that you don't have to pay a month more of PMI than necessary!

7.Not checking the price of homeowner's insurance:

• Homeowner's insurance pays to repair or completely rebuild your house if necessary.

• Policies and premiums vary so shop around for several insurers to find the best deal for you.

8.Not checking your credit score:

• Check your credit score at least three months prior to searching for a new house.

9.Not getting a home inspection:

• Homebuyers may want to skip this step, but all homes need inspections, even brand-new ones. There could be hidden issues with the home that only a licensed inspector will uncover.

• Don't be afraid to speak up and get issues fixed before you sign those settlement papers.

Most people are drawn to Taos for its history and culture. While enjoying a day in the Land Of Enchantment, why not see what land is for sale in Taos for you to build your Taos dream home. Our New Mexico Mountain Properties real estate broker's level of knowledge and professionalism of the Taos real estate market can help you choose a Taos home or Taos condo of your choice. Call us at our Taos office at 575-758-5852. Our Taos real estate brokers are here to assist you.

The Angel Fire area may also offer that perfect opportunity for you to own a home in Angel Fire or perhaps an Angel Fire condo may just be what you are looking for. Give us a call here at our Angel Fire office at 575-377-2626. There is also a great selection of Angel Fire land for sale. Our Angel Fire real estate brokers here at New Mexico Properties can assist you with any questions you may have. Give us a call at 575-377-2626.

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