10 Deadly Mistakes when Buying a Home
10 DEADLY MISTAKES
BUYERS MAKE WHEN PURCHASING A HOME:
Making an offer on a home without being pre-approved
Your Mortgage Loan Officer can pre-approve your mortgage before you start house hunting.
Benefits: -Locks in mortgage rate %
-Makes presenting an offer more appealing
Get your signed approval to your agent today!
Not having a home inspection
Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.
Limiting your search to open houses, ads or the Internet
Many homes listed in magazines or on the Internet have already been sold. Your best course of action is to contact a Realtor. They have up-to-date information that is unavailable to the general public and are the best resource to help you find the home you want.
Choosing the right Realtor
Making a connection with the right Realtor is crucial. Choose a professional who is dedicated to serving your needs-before, during and after the sale.
Thinking there is only one perfect house out there
Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities.
Not considering long-term need
It is important to think ahead.
Will the homes suit your needs 3-5 years from now?
Not knowing total cost involved
Early in the buying process, ask your Realtor or lender for an estimate of closing costs. Taxes and possibly filing up an oil tank should be considered. Pre-pay responsibilities such as insurance must also be taken into account.
Not following through on due diligence
Buyers should make a list of any concerns they have relating to issues such as; crime rates, schools, power lines, neighbors, environmental conditions, etc. Ask the important questions before you make an offer on a home.
Try not to stress or freak out
There will be times when something unforeseen has come into the home buying experience. These things do happen. The best thing to do is just stay calm and rest assured that your real estate agent is doing their utmost best to make the process run as smoothly as possible.