The 5 Home Buying Tips You Need in 2020

If buying a home is on your list for 2020, you’re likely excited and overwhelmed at the possibilities. Between houses, realtors, financing, and the many other factors involved in buying a home, you’re left wondering if you’re making the “right” moves. While everyone’s situation is unique, there are standard tips that may help you in your search. 

Our 5 Best Home Buying Tips for 2020

1. Make a decision based on logic, not emotion.

Because buying a home tends to be full of emotion, we often rush the process because we want to jump to the fun part—getting the keys. Take your time to think through the reasons why you’re buying a home, what your primary goals are, and what a realistic budget will be. If you let your emotions run the show, you might find yourself with a house that doesn’t meet your budgetary or lifestyle needs.

2. Consider your housing budget.

This tip may sound like the most basic, but often home buyers will consider that they can afford “X” amount in mortgage payments and then they’ll stop planning beyond that. You must also factor in other home-related costs, such as taxes, maintenance, and homeowners association fees. Once you add those into your housing budget, you might find that your purchase price should be lower to stay within your means.

3. Compare mortgage lenders.

Shop around for the lender and rate that aligns with your goals. The general rule of thumb is to compare three lenders, keeping in mind that rate isn’t everything. If the rates are comparable, it is reasonable to choose the lender who makes you feel more comfortable. A welcoming, helpful atmosphere goes a long way when you’re dealing with the stress of buying a house. Whichever you choose, shopping around will reassure you that you’ve done your research and that this is the best choice for you.

4. Work with a realtor you trust.

Doing your research to find the right realtor will serve you well throughout the home buying process. A realtor who is knowledgable about the area can find what you’re looking for and negotiate on your behalf to ensure you pay a fair price. They can also help you with other steps along the way, such as finding a home inspector, appraiser, and title companies.

5. View multiple houses.

Make time to walk through multiple houses, documenting what you like, what you don’t, and what your must-haves are. The slower you take the process, the surer you can be that you’re choosing the best house for your money.

Connect with your Financial Advisor

When it comes to buying a new home, the key is to not rush the process. Take your time, understand the process, and give yourself time to make an informed decision. Oftentimes, an outside opinion can help. 

Having an outside perspective can provide insight into what you can do to stay on track for financial well-being. A financial advisor can help you determine how buying a home fits into your long-term financial goals, while also helping you avoid common home-buying mistakes.

Southwestern Investment Group’s team of advisors can guide you through the financial aspects of the home-buying process. We approach your financial plan holistically, taking your entire situation into account before we create a plan to reach your goals. 

Contact us to begin working toward your best financial future!

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Jeffrey T. Dobyns


President, SageSpring | Financial Advisor, RJFS 

Jeffrey T. Dobyns

President, SageSpring | Financial Advisor, RJFS

Beyond crunching numbers and investment strategies, at SageSpring, we’re about building relationships. When you encounter Founder & President of SageSpring, Jeff Dobyns, it’s easy to understand why this is at the very heart of who we are as a firm. You won’t find stuffy formalities with Jeff; instead, you can expect to find him sharing a warm smile, communicating a compelling vision, or patiently untangling life’s complex challenges with clients. He believes in truly getting to know clients, understanding their aspirations and priorities, and navigating their financial plans with a tailored, comprehensive approach. Our team members have often been caught taking notes on Jeff’s effortless relationship skills from a distance, and we admire them for striving to learn from one of the best. 

Jeff’s financial expertise and wisdom are the perfect match to his innate people skills. Jeff holds the prestigious CERTIFIED FINANCIAL PLANNERTM certification, Chartered Life Underwriter (CLU®), and Chartered Financial Consultant (ChLU®) designations, and has held executive positions with financial planning firms for more than two decades. 

His dedication extends beyond the office to the boardroom and the local community, where Jeff is passionate about giving back. He serves as Chairman of the Board of Men of Valor, a prison ministry and mentoring program. Jeff also serves on the board of Send Musicians to Prison, which shares hope, healing and restoration with the imprisoned through musicians & artists. Jeff actively supports other initiatives in the community by sitting on the board of The Signatry of Middle Tennessee and the Halftime Institute of Nashville. 

Witnessing his four children, Gracyn, Hunter, Tanner, and Logan, excel on the field is almost just as rewarding, if not more, than celebrating the victories of seeing his clients overcome obstacles and build wealth. Spending weekends boating on the lake, hiking mountain trails, and fishing with his family are the moments Jeff cherishes most. It’s this grounded perspective that reveals the true meaning of wealth for Jeff: not just numbers on a page, but the freedom to create experiences that enrich your life and the lives of those you love. When you choose the Dobyns McMillin Wealth Team, you choose more than financial expertise. You choose a partner who champions your dreams, celebrates your victories, and walks besides you on the path to achieving your unique goals.

**Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER TM, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.