3 Tips to Avoid Paying Too Much for a Home

Many homebuyers face an interesting dilemma. On one hand, a broad array of houses is available nationwide, making it easy to find a great residence just about anywhere. Conversely, the housing market remains fierce, and a homebuyer who fails to submit the right offer at the right time may miss out on the opportunity to acquire his or her dream residence.

Ultimately, homebuyers must be ready to submit a fair offer on a house at any time. And even though you may be tempted to submit a proposal that exceeds a home seller’s asking price to secure your ideal house, you should try to do everything you can to avoid overspending.

Lucky for you, we’re here to teach you the ins and outs of making a reasonable offer on a home. Here are three tips to ensure you can avoid spending too much for a house.

1. Know What to Look for in Your Dream House

The definition of a “dream house” may vary from homebuyer to homebuyer. If you consider exactly what you’d like to find in your ideal home, you’ll be able to browse the real estate market accordingly.

Although many great houses are readily available, it is important to keep in mind that no residence is perfect. As such, you should establish lists of must-haves and wants for your dream home and set realistic expectations. This will allow you to compare and contrast homes against your lists, find a residence that meets your expectations and remain calm, cool and collected as you prepare to submit an offer on a home.

2. Get a Mortgage in Advance

Homebuyers can get pre-approved for a mortgage and create a budget before they embark on a search for their dream home.

Getting pre-approved for a mortgage will require you to meet with banks and credit unions and assess all of the mortgage options at your disposal. In addition, lenders may be able to offer a variety of financing options based on your credit score, annual income and other economic factors.

With a mortgage in hand, you can explore the real estate market and find homes that fall within your price range. Therefore, if you get pre-approved for a mortgage, you may be better equipped to accelerate the homebuying process and avoid overspending on a house.

3. Choose the Right Real Estate Agent

Your real estate agent may make or break your home search. And with the right real estate agent at your side, you should have no trouble finding your dream home in any real estate market.

Your real estate agent is happy to provide tips to ensure you can submit a fair offer on any residence. That way, you can avoid the risk of overspending and improve your chances of acquiring your dream home at a reasonable price.

Hire a real estate agent who possesses comprehensive expertise and great people skills. By doing so, you can work with a real estate professional who can help you acquire your ideal home in no time at all.

How to Pay Off Your Mortgage Early

Most homeowners would love to be able to pay off their mortgage early. However, few see it as a possibility when they take into account their earnings and other bills.

 There are, however, a few ways to pay down your mortgage earlier than planned. But first, let’s talk about when it makes sense to try and pay off your mortgage.

 When to consider paying off your mortgage early

If you recently got a promotion, have someone move in with you who contributes to paying the bills, or recently got a secondary form of income, you might want to consider making extra payments on your mortgage.

However, having extra money doesn’t always mean you should spend it immediately on your home loan.

First, consider if you have a large enough emergency savings fund. It might be tempting to try and throw any extra money at your mortgage as soon as possible, but there are other financial commitments you should plan for as well.

If you have kids who will be applying to college soon, remember that student aid takes into account their parents’ finances. If your children plan on applying to institutions with high tuition, then your equity will be counted against you.

Refinancing to pay your mortgage early

Refinancing your home loan is one option if you’re considering increasing the payments on your mortgage. If you can refinance a 30-year loan to a 15-year loan with a lower interest rate, you’ll save money in two ways–your lower interest rate and the fact that you’ll be accruing interest for less time.

There is a downside to refinancing. Once you refinance, you’re locked into your new payment amount. So, if your higher income isn’t dependable, it might not make sense to commit to a higher monthly payment that you aren’t sure you’re going to be able to keep paying.

There’s also the matter of refinancing costs. Just like the costs associated with signing on your mortgage, you’ll have to pay closing costs on refinancing. You’ll need to weigh the cost of refinancing against the amount you’ll save on interest over the term of your mortgage to see if it truly makes sense to go through the refinancing process.

Paying more on your current loan

Even if you aren’t sure that refinancing is the best option, there are other ways you can make payments on your mortgage to pay it off years sooner than your term length.

One of the common methods is to simply make thirteen payments each year instead of twelve. To do this, homeowners often use their tax returns or savings to make the thirteenth payment. Over a thirty year mortgage, this could save you over full two years of added interest.

A second option is to make two bi-weekly payments rather than one monthly payment. By making biweekly payments you have the ability to make 26 payments in a year. If you were to just make two payments per month then you would make 24 total payments. Over time, those two extra payments per year add up.

The Benefits Of A Fish Pond On Your Property

There are many different advantages to adding more nature to your home inside and out. For one, it makes you happy to be around more natural things. We spend so much time in front of screens and using technology, that it’s nice to be brought back to nature right in your own home. 

All this being said, it’s a great idea to consider building a fish pond on your property. There’s many different advantages to these bodies of water around your home including:

A Pond Will Build Up The Look Of Your Property


If there’s a part of your property that you just can’t get past, perhaps building a fish pond will be a good use of that area. Some people take the idea further, creating a water garden complete with streams. However you decide to build your fish pond; simple or elaborate, you’ll appreciate how it will improve the look of your property.

It Will Spark Your Creativity

Planning where and how a fish pond will go in your yard can really spark your creativity. You and your partner can think about what you want and find the best ways to execute your project. From the way you’ll establish the surrounding landscapes to how you plan to dig the pond to what kind of fish you’ll put in the pond, there’s a lot to think about. The best part is that you will create how you want your property to be more exciting and pleasant to spend time on. 

You Make A Good Use Of Your Space

Maybe you feel that you have a lot of “wasted space” on your property. Installing a fish pond is a great way to make use of the space that you do have in your yard. If you feel that you could be doing something incredible with the space that you do have, building your own pond is a great way to do that. 

Connect With Nature

A fish pond allows for you to enjoy more than just fish. It will attract other types of wildlife including unique insects, birds and more. Watching fish has also been proven to be an activity that reduces stress and increases your level of health. According to studies done by the National Marine Aquarium, the mere act of watching fish has been shown to reduce blood pressure and decrease heart rate. Being in a natural environment is much more soothing to both your physical and mental states.       

While building a fish pond can seem like a huge project, you can see that the benefits are many. You’ll truly feel that you have maximized your land space and can enjoy the many benefits of having your own small wildlife sanctuary right on your property.