A writer for a website that covers the mortgage and homeowner field advises buyers to get a house that is lower than their target goal. The writer states that buying a house for less than this goal can save a substantial amount of money over a thirty year period. He states that the real estate agent and banker want the buyer to pay the maximum price, as that will give them more money in commissions. The writer states that people tend to overspend, which can be problematic in the event of financial troubles.
Key Takeaways:
- You can save tens of thousands of dollars by buying a home under your budget
- It’s dangerous to purchase a home without consideration of unpredictable life situations
- Your choice of neighborhood will make a heavy impact on your own spending habits
“If you do it the right way, you can buy a great house and have it paid off in 10 years!”