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Seven Deadly Home Buying Mistakes

Use A Professional That Knows The Market. know where they are. You real estate
The most important aspect of purchasing a agent is a excellent resource for finding
home is having an expert on your side. deals. They work in your market and
The average home owner may purchase two probably know of several sellers that may
or three homes in their lifetime. Real have special circumstances. These
estate professionals know how to navigate circumstances could be divorce,
through the potential pitfalls of relocation or loss of job. Work with your
purchasing a home. They can help you agent on this and you may be able to save
avoid costly mistakes such as: choosing yourself thousands.
the wrong lender, the wrong type of home, 4. Get A Good Home Inspector.
failing to get a thorough home inspection Just like any profession, there are both
and problems with the title. Any of these good and bad inspectors. Bad inspectors
problems can cause you a lot of money and tend to overlook a lot of problems. You
grief. want an inspector that will scrutinize
Do not buy a home without a real estate every aspect of your home. Your real
agent to represent your best interests. estate agent knows the industry and can
The seller pays your real estate agent's recommend good inspectors. You do not
fees. Buying a home with an agent that want to purchase a home that has
represents your best interests costs you structural or other serious defects
nothing and can save you thousands. because the home inspector overlooked
Here are some of the most common mistakes them. This could cost you big!
buyers make, which often costs thousands 5. Not Getting Clear Title.
of dollars, large investments of time and Purchasing a home with a "clouded" title
loads of grief: can be both financially and emotionally
1. Plan Before You Purchase. draining. Learning after the fact the
Purchasing a home is an emotional previous owner still owed contractors
experience. Make sure to sit down with money for the finished basement on your
your real estate agent and map out a property which is now a lien against your
strategy. Don't let just one aspect of property causes a lot of grief. Your real
the home drive your decision. Try to estate agent will help you purchase title
answer the following questions. insurance and make sure the title to the
Â- Where would you like to live? How far property is free and clear.
do I commute? 6. Don't Waste Time.
Â- How much home can I afford? Get Home buyers can waste valuable hours in
pre-approved! front of computers searching for homes
Â- What type of home do you want? online. Most times the homes you find are
Come out of this exercise comfortable not the best deals. Let your real estate
with your area and your mortgage. agent save you that time to spend on what
2. Get The Right Lender. is important to you like your friends,
There are many types of loans available family and work. Let your agent find the
and getting the right one for your right home and notify you when it's
situation is crucial. There are also many available.
lenders vying for your business. Some are 7. Do the Final Walkthrough.
online and some local. Getting a good Not completing the final walkthrough can
local lender is crucial. Your real estate be a crucial mistake. Before closing,
agent should be able to make make sure you check to see any requested
recommendations from lenders they have repairs have been completed. Make sure
experience with. A good lender will make there is no damage you were unaware of
sure you get the right loan and rate. and that nothing else has changed. Any
3. Identify Your Opportunities. problems after the purchase are yours.
If you're looking for a deal, you need to




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