With more than 11 years experience in the Real Estate business, I have seen many home buyers make crutial mistakes when purchasing their home. I have compiled a list of what I believe are the 10 dumbest mistakes home buyers make when purchasing a home.
I want to help make sure you aren't about to make one of these 10 mistakes!
1. Making an offer on a home without being prequalified.
Prequalification will make your life easier – so take the time to speak with a lender. Their specific questions in regard to income, debt, etc., will help you determine the price range you can afford. It is an important step on the path to home ownership.
2. 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.
3. Limiting your search to open houses, ads or the internet
Many homes listed in newspapers 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.
4. Choosing a real estate agent who is not committed to forming a strong business relationship with you.
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
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. Ask your Realtor for a comparative market analysis. This compares similar homes that have recently sold, or are still for sale.
Stay tuned for next week, where I will discuss the remaining 5 mistakes!