5 Costly Mistakes Home Buyers Make.We're humans. we're going to make mistakes. Some more than others. When it comes to buying a home, there are a variety of different mistakes that people tend to make. We've narrowed it down to the 5 mistakes that could cost you!
Mistake #1 - Not knowing what they can afford before making an offer.
The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.Mistake #2 - Not knowing who the agent represents.
Unless an agent is working as your buyer representative, they represent the seller. Many people don't realize this.Mistake #3 - Choosing the wrong mortgage.
A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage.Mistake #4 - Not finding problems with the home before buying it.
You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on. Read this guide to avoiding a money pit.Mistake #5 - Not understanding how their credit can impact their ability to purchase or refinance a home.
Get a mortgage professional to help you go over and prepare your credit file before you buy a home.
If you have any questions regarding these mistakes and would like help working around them, feel free to contact us, we're here to help you!