The Most Important Home Buying Tips You Need Before Your First House Tour | Ep. 40

In this episode of The D.O. Show, host Dustin Owen shares seven essential tips every home buyer should know before touring a house. He begins by discussing the importance of getting fully pre-approved for a mortgage, which can give buyers a competitive edge and help them understand exactly what they can afford. Dustin emphasizes that buyers should choose a comfortable budget based on their personal financial situation, rather than simply maxing out their loan approval amount. He also highlights the need to understand total closing costs, which go beyond just the down payment and can include fees for inspections, appraisals, insurance, and more.

Dustin goes on to explain how to compare full mortgage offers from different lenders, pointing out that interest rates, points, and lender fees can vary significantly and impact the overall cost of the loan. He provides guidance on how to calculate the true monthly ownership costs, factoring in not only the mortgage payment but also property taxes, homeowner’s insurance, private mortgage insurance, and maintenance expenses. Another key tip is to avoid making major financial changes during the buying process, such as taking on new debt or changing jobs, as these actions can jeopardize loan approval.

Finally, Dustin advises buyers to evaluate properties based on their actual merits, such as location, condition, and long-term value, rather than being swayed by professional staging or cosmetic upgrades. Throughout the episode, he emphasizes the importance of preparation, research, and informed decision-making to ensure a smooth home buying experience and set the foundation for long-term financial success.

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