Buying a home is a huge financial commitment and for many families, one of the largest ones in a lifetime, so read this guide and don’t commit any deadly mistakes buyers make when purchasing a home.
1. Making an offer on a home without being pre – approved:
Pre-Approval will make your life easier, and you will be prepared so your Real Estate Professional can present and negotiate and offer on your behalf. Don’t lose the opportunity to buy your dream home!!!
2. Not having a home inspection:
Trying to save money today can end up costing you tomorrow. A qualified home licensed home inspector will detect issues that you may overlook and can end up costing you thousands of dollars.
3. Limiting your search to open houses, ads or the internet:
Many homes listed in a magazine or on the internet have already been sold. Your best course of action is to contact an experienced Real Estate Professional. They have up to date information that is not available to the general public and are the best resources to help you find the right home in the ideal location for your family.
4. Choosing a real estate agent not committed to forming a strong business relationship:
Making a connection with the right Realtor is crucial. Choose a professional dedicated to serving your needs before, during and after a sale.
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5. 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. Your Real Estate Professional can help you detect options that you may be interested in.
6. Not considering long-term needs:
It is important to think ahead. Will the property suit your needs 3 -5 years from now?
7. Not examining insurance issues:
Purchase adequate insurance, not only to satisfy your lenders requirements but protect your investment in case of a disaster. Ask your insurance agent for proper advice.
8. Not knowing total costs involved:
Early in the buying process, ask your Realtor and or lender for an estimate closing costs, including your attorney fee should be considered, as well as additional fees that may apply.
9. Not following through on due diligence:
Buyers should make a list of any concerns they have related to issues such as schools, crime rates, neighborhoods, environmental concerns, etc., Ask important questions before putting an offer on a property. Be diligent so that you can have confidence in your purchase.
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If You have any questions or need help navigating the path to Home Ownership contact us wee will be glad to assist you every step of the way