6. Not considering long-term needs.
It’s important to consider whether the home your purchasing will suit your needs in 3-5 years from now.
7. Not examining insurance needs.
Purchase adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.
8. Not buying a home protection plan.
This is essentially a mini insurance policy that usually lasts one year fro the close of escrow. It usually covers basic repairs you may encounter and can be purchased for a normal fee. Talk to your agent to help you find the protection plan you need.
9. Not knowing total costs involved.
There are a lot of costs that come with buying a home. Mare sure you ask your realtor or lender for estimated closing costs early on. Title company and attorney fees should be considered. Pre-pay responsibilities such as Homeowner Association fees and insurance must also be taken into account. Remember to examine your settlement statement prior to closing.
10. Not following through on due diligence.
Buyers should make a list of any concerns they have related 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. Be diligent so that you can have confidence in your purchase.
If you have any questions about these mistakes or would like any more information on what to consider when purchasing or selling a home please give me a call and I will be happy to answer any questions you may have.