Mistakes to Avoid Prior to Home Ownership

1. Spending more than you make. This can lead to real danger in not being able to afford to purchase a home in Park County, Colorado. Create a budget you can live with and cancel credit cards you do not use before applying for a loan.

2. Not Saving Enough for Down Payment and Closing Costs. Be sure to include these items when working on your Alma or Fairplay home buying budget. It will be difficult to come up with thousands of dollars if you have not planned ahead.

3. Failure to Understand Cost to Own and Maintain a Park County home. You must understand the expenses involved in ownership and plan your budget to include these items. All South Park homes are different and the costs vary depending on the type of home and construction.

4. No Knowledge of Mortgage Products. Investigate the types of mortgages available and find one that fits your needs. No two are alike and the costs can vary greatly. Shop lenders for the best rates and terms. We would be happy to refer you to a mortgage broker who understands the Park County area.

5. Failing to Seek Professional Help. If you find you are in financial trouble and getting deeper in debt, seek professional counseling to improve your credit history and ability to purchase a Como or Jefferson home.

6. Failing to Control Your Home Purchase. This is your Park County home and be sure you are in charge of the location, style, and price you can pay. Never let family, friends, or a Real Estate Agent sell you on something you do not want.

7. Indecision. Know what you want in regards to your future. If you are unsure, now may not be the right time for you to buy a South Park home.

8. Purchasing a Park County, Colorado Home Before You Are Ready. Buying a home is a major commitment. If you are not prepared for the responsibility of ownership and the financial obligation it creates by all means rent.


For help in buying Park County Property, please contact John on his cell at 719.839.9281 or email him at john@summitreasures.com. For more information about Park County, Colorado including pictures, please visit www.SummiTreasures.com.

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