You wouldn’t want to miss out on the opportunity to buy your dream home by making a mistake that could easily be avoided. The market is hot right now and houses are selling quickly so make sure that you safeguard yourself from these simple missteps.
1. Making an offer without being pre-qualified for a mortgage.
Taking the time to get pre-qualified can save you from losing out on the home of your choice. It will also help determine what home you can afford and what your price range is.
2. Not having a home inspection
Yes, home inspections can be pricy and who doesn’t want to save a buck or two. But saving money now could end up costing you more in the future. A home inspection will detect issues that you may or may not be able to live with. It will also help to find issues that need to be addressed immediately by the seller before the home is purchased.
3. Limiting your search to open houses, adds, or the internet
Yes it is fun to search the World Wide Web for that perfect home, but these houses are mostly likely already sold. Contacting a realtor is your best chance in finding a home. He will send you the most recent listings and up to date information that isn’t available to the general public.
4. Choosing a real estate agent who is not committed to forming a strong business relationship with you.
A realtor should have your best interest at heart is crucial. They should know what you want and should put your needs first before, during, and after a sale.
5. Thinking there is one perfect house out there.
Buying a home is a process of elimination. New homes come on the market every day so be open to all possibilities. Ask your realtor for a comparative market analysis. This compares similar homes that have recently sold or are still for sale.
To be continued…