Andrew Alpaugh Home Buying

First-Time Buyer Mistakes That Cost Thousands — And How to Avoid Them Buying a home is probably the biggest financial move you'll make. And the frustrating part? The most expensive mistakes are almost always the ones nobody warned you about. I'm Scott Andrew Alpaugh, and after going through the home buying process myself — and watching friends make the same painful errors — I want to lay out the ones that genuinely hurt your wallet. Skipping Pre-Approval (Or Confusing It With Pre-Qualification) These two things sound similar. They are not. A pre-qualification is basically a lender taking your word for your income and assets. A pre-approval means they've actually verified your documents. In a competitive market, sellers and agents take pre-approval seriously. Pre-qualification is largely ignored. Get the real pre-approval letter before you start touring homes. It also forces you to confront your actual budget before you fall in love with something you can't affor...

The Home Inspection Isn't Just a Formality — Here's How to Use It Right Most buyers treat the home inspection like a box to check. You hire someone, they walk through the house for a few hours, you get a PDF full of photos and bullet points, and then… you kind of skim it and move on. Maybe you ask for a few repairs. Maybe you don't. That's leaving serious money — and protection — on the table. After going through the process myself and watching friends navigate their own purchases, I've learned that the inspection phase is genuinely one of the most powerful tools a buyer has. Used correctly, it can save you thousands of dollars, prevent a catastrophic mistake, or give you real negotiating leverage. Here's how to actually use it. Show Up in Person This sounds obvious, but a surprising number of buyers don't attend their own inspection. Don't do that. Walk the house with the inspector for the full two to three hours. Ask questions. When they flag...

Making your first offer on a home feels significant in a way that's hard to explain until you've done it. You've been looking at listings, doing walkthroughs, imagining furniture placement — and now you're about to write a number on a piece of paper that could define the next thirty years of your financial life. Most first-time buyers get told what to offer. Almost nobody gets told how to think about it. Here's what I've learned — and what I wish someone had explained to me plainly before I went through it. The List Price Is a Starting Position, Not a Verdict Sellers set list prices based on what they hope to get, what their agent suggests, and what comparable homes sold for — in that order. The list price is not a fact about what the home is worth. It is an opening position in a negotiation. This sounds obvious. It stops being obvious the moment you fall in love with a house and start rationalizing why asking price is actually fair. That's the mom...

The number on the listing sheet is not what buying a home costs you. This isn't a complaint — it's just reality, and it catches first-time buyers off guard more than almost anything else in the process. You budget for the down payment, you calculate your monthly payment, and then you get to closing and discover there's a list of additional costs that nobody handed you a flyer about. Here's what's actually on that list. Closing Costs (2–5% of the Loan Amount) Closing costs are the collection of fees paid at the time of closing to the various parties who made the transaction happen: the lender, the title company, the county recorder, the attorneys (depending on your state). In South Carolina and most states, buyers typically pay between 2 and 5 percent of the loan amount in closing costs. On a $300,000 home with a $240,000 loan, that's $4,800 to $12,000 — due at closing, in addition to your down payment. What's in there: Loan origination fee — ...

How to Navigate the Current High Interest Rates When Buying a Home Buying a home is one of the most important financial decisions you can make in your life. However, it can also be a daunting and stressful process, especially when you have to deal with high interest rates. In this blog post, we will share some tips and strategies on how to navigate the current high interest rates when buying a home, and how to make the best decision for your situation. What are the current interest rates and why are they high? Interest rates are the cost of borrowing money from a lender, such as a bank or a mortgage company. They are expressed as a percentage of the loan amount, and they vary depending on various factors, such as the type of loan, the term of the loan, the credit score of the borrower, and the market conditions. According to the latest data from Freddie Mac, the average interest rate for a 30-year fixed-rate mortgage in the US was 4.13% as of November 2, 2023. This is the highest level...

  Hi everyone, Scott Andrew Alpaugh here. I wanted to share with you my thoughts on my yearly termite inspection services, we just had ours last week and it set us back $170 so it got me thinking about whether or not I really need this expense! You might be wondering why you need such a service as well, and the answer is simple: termites are a serious threat to any wooden structure, and they can cause thousands of dollars in damage if left unchecked. I learned this the hard way a few years ago, when my Mom noticed some signs of termite activity on her window sills. She called a professional pest control company, and they confirmed her worst fears: She had a termite infestation. They told her that she needed to treat the entire house with chemicals, and that it would cost quite a sum. She was devastated. Luckily, they also told her about their yearly termite inspection service. For a reasonable fee, they would come to her house once a year and check for any signs of termite activity...