4 Tips To Help You Buy the Home of Your Dreams For the Price of Your Dreams

This post was sponsored, and paid for, by SunTrust Mortgage. All opinions are my own.

Whenever strangers or friends visit my home, they assume that I’m rich. I too like to assume that I’m rich when I’m buying shoes or eating out but in all of those cases that is not true, at least not yet.

I will tell anyone who asks how we were able to purchase our dream home without being traditionally rich; I like to view myself as spiritually rich and that my friend is the ticket to everything. I’m not the kind of woman who settles; I don’t even like to settle when it comes to food if it’s not what I want I simply won’t eat and that’s pretty much the same mindset I had when it came to buying my first home.

I had a ridiculously long list of must haves which included at least 5000+ square feet, five bedrooms five bathrooms, gourmet kitchen, at least three acres, circular driveway, a good school district and high ceilings. My husbands’ only requirement was that it must have a roof and walls. I was able to get everything on my list and a little more.

I’ll share with the 4 tips I used help me find my dream home in my budget.

  1. Be Prepared

Months before we even knew we would buy a home we had all of our ducks in a row. We had paid down large debts; saved a nice amount of money and our credit scores were in tiptop shape. This was a huge advantage for use because even though we had no idea, we would be buying a home so soon we were ready when we found a good deal. We didn’t have to borrow money for a down payment or get a large interest rate from the bank due to low credit score. Even if you’re not in the market to buy a home today prepare right now, you never know you may be in the market tomorrow.

  1. Be open minded

The home you want may not necessarily be in the neighborhood you desire. I was flexible with locations, and this worked to our advantage. Outside of being open to different areas know that your dream home may not come in the traditional purchase route. My dream home just so happened to be a foreclosure; I know that when most people hear the word foreclose they get a chill up their spines, and they head for the hills now when I hear that word I see dollar signs because I know how much money we saved buying a foreclosure. Realistically my {dream} home costs hundreds of thousands of dollars more than what I wanted to or even could spend and I was able to capitalize on my home being a foreclosure. The best advice I have for buying a foreclosure is to have an extensive home inspection, our home inspector was great and gave us a very realistic view of what we were purchasing.  Also, there were something’s that he presumed to be major that were really simple inexpensive fixes which added to the amount of money we saved.

  1. Stay true to yourself

This is probably the most important advice I could ever give. I wasn’t willing to budge on my must haves list, and I’m glad I didn’t because if I had, I would’ve definitely had buyers remorse. No matter how far our my must haves list seemed I was determined to stick to it because at the end of the day I had to live in it, and most importantly I had to pay for it so make sure you are happy with what you purchase and don’t ever settle.

  1. Do your research

Even though we jumped in the home buying process with no warning, we poured over home buying information online when we decided to get in the game. We had no experience buying a home outside of obsessively watching House Hunters, and much of the jargon our realtor threw around was intimidating so we made it our business to educate ourselves as much as possible. SunTrust Mortgage has an excellent Home Buying Guide that is pretty much the Holy Grail for first-time homebuyers. All of the real-estate jargon is explained, and a Maximum Loan Amount Worksheet helps you calculate what you can afford based on your income and debt. I wish I would’ve had access to such an informational resource when we purchased because it would’ve saved me many late nights. One of the things I find most helpful about the guide is the breakdown of fees to expect when buying a home for the first time. The amount of fees you pay before closing can be overwhelming but knowing what you have to pay is very helpful and allows you to prepare.

My dream home ended up being well over 5000 square feet, with five bedrooms, five bathrooms, and a home theater room. I was also able to get my circle driveway and gourmet kitchen with a private school nearby and over 10 acres of land. My husband also got his wish of a roof and walls. I still have a list of dream renovations, but that’s another post for another time.

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The Kitchen I’ve always wanted.
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This Hall Leads to the Master Wing, Dining Room, Living Room and Foyer.
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Open Concept Family Room, Wet Bar and Kitchen That Leads To The Deck.
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Kitchen and View of the Deck.
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Home Theater Room.
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Home Theater

I am a firm believer that you can have the home of your dreams for the price of your dreams if you’re prepared and confident. SunTrust Mortgage helps buyers understand the ins and outs of the home buying process while providing them with the confidence they need to stick to their must haves list.

At SunTrust Mortgage, we make it a priority to learn all about your unique circumstances. Confidence starts with a conversation. 

Talk with a SunTrust Mortgage expert today. 

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25 thoughts on “4 Tips To Help You Buy the Home of Your Dreams For the Price of Your Dreams

  1. Hello Techiana, I am going to buy home. In your blog, I got some useful tips for buy the home. Thanks for sharing this blog with us.

  2. Thanks for these wonderful tips! My wife and I are on the fence about buying a new house. Our family has been renting for about two years now and we felt that it’s just not for us. Plus, we would like a good place to raise our children. I like what you said about staying true to one’ self; I’ll be sure to uphold that virtue when we finally look for our new home. Cheers!

  3. I couldn’t agree more in this post! I lot of things to consider and reconsider, like you gotta have to think a million times to get to your ultimate dream home!

  4. You have an amazing house! It makes me happy knowing that it’s possible to find a dream home with some perseverance and good research. Having recently been out-bid has caused some discouragement for me and my wife, but we’ll see what the future brings….

  5. Nice job writing about paying large debts, save a large amount of money, and keep credit scores in tip-top shape in order to find a great deal for a house. In my opinion, a person can also get this through looking for a local real estate agent. With their help, they can also help find a house that is durable and stylish too.
    Tim Yaotome recently posted…227 BURRWOODMy Profile

  6. I felt relief when you said that asking a real estate agent can help homebuyers get educated on which home to buy and how to buy it. With that, I should find one to help my uncle move to a closer place to work. That way, he can save money on his car while cutting down his travel time at the same time. Thanks!

  7. First of all, prepare yourself for buying a new home. Before looking for a home do proper research. Hiring a professional agent will be a good idea in the home buying process. All the points you have highlighted are really important in the home buying process. Always get good from your article! continue sharing!
    Ernie Parnell recently posted…A Guide on How to Sell My House Fast in HoustonMy Profile

  8. I really liked your tip about being prepared. My aunt is thinking about buying a home. Getting the help of a professional would be really helpful.

  9. Thank you for sharing this wonderful article. this article made me so knowledgeable person than ever. I wish you to keep on writing this kind of article makes so knowledgeable.

  10. Very realistic and fabulous you make me learned and also motivate my thoughts. Thanks a lot for this article. Keep sharing

  11. I’ve been planning to purchase a residential home; therefore, I’m currently looking for a real estate company where I can find one. I’m glad you shared this by the way because I never knew that it will be best to start scouting for homes as early as possible. Of course, I’ll make sure to be more realistic about my budget, and research about the property before purchasing it.

  12. Excellent points! Being thoroughly prepared and doing the due diligence is very important to ensure a great deal. At present most of the market is a seller’s market, so being aware and well prepared has become even more significant for any buyer.

  13. It’s interesting to know that your dream house is actually a foreclosure, unlike other people. My husband wants to buy a new house without any valid reason aside from being newly-built, but I would like to consider and prioritize our financial capacity. It might be a good idea to talk to real estate agents about HUD homes first and see if I can convince him.

  14. These are some very helpful tips that you have shared here! Doing research before buying a house is a very crucial step and is mostly ignored by most buyers. Fast Florida Inspections have worked as property inspectors since the past 17 years. They have helped their clients in finding damages and problems that are often overlooked by the buyers. They help their clients in making informed decisions and provide reliable home inspection services.

  15. My wife and I are hoping to eventually buy a house to start earning equity. This way we can help improve our finances. I appreciate your point about the importance of doing your research. We’re hoping to find a reputable realtor who can help us find a good place when the time comes.

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