Buyers make when purchasing a home:
- Making an offer on a home without being prequalified.
Prequalification will make our life easier –so take the time to speak with a lender. Their specific question in regard to income, debt, etc., will help you determine the price range you can afford. - No 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. - 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 ofsimilar homes that have recently sold, or are still for sale. - Choosing a real estate Agent who is not committed to forming a strong business relationship with you.
Choose a professional who is dedicated to serving your needs before, during and after the sales. - Limiting your search to open houses, ads, or the internet.
Many home listed in magazine or on the Internet have already been sold. You should contract 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. - Not considering long –term needs.
It is important to think ahead. Will the home suit your needs 3-5 years from now. - Not examining insurance issues.
Purchasing adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have. - Not buying a home protection plan.
This is essentially a mini insurance policy that usually lasts one year from the close of escrow. It usually covers basic repairs you may encounter and can be purchased for nominal fee. Talk to your agent to help you find the protection plan you need. (I also give you a list of what items is covered in this plan in the following page). - Not following through on due diligence.
Buyers should make a list of any concerns they have relating to issues such as; crimes rates, schools, nearby, neighbors, environmental conditions, etc. - Not knowing total cost involved.
Early in the buying process, ask you Realtor or lender for an estimate of closing costs. Title company and attorney fees should be considered. Pre-pay responsibilites such as Homeowner Association fees and insurance must be taken into account.
http://www.buffiniandcompany.com/downloads/pdf/10_deadlymistakes_brochure_US.pdf
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