Common Mistakes when Buying

Protect yourself from these common pitfalls...

When buying a home, emotions get mixed with financial limitations and ultimately move you in the direction of making one of Mistakes which are common among home buyers. Following some points to consider as you prepare to buy a home:

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, dept, etc., will help you determine the price range you can afford. It is an important step on the path to home ownership.
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.
Limiting your search to open houses, ads or the Internet

Many homes listed in magazines 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.
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.
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.
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

Purchase adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.
Not knowing total costs involved

Early in the buying process, ask your Realtor® or lender for an estimate of closing costs. Title company and attorney fees should be considered.
Not following through on due diligence

Buyers should make a list of any concerns they have relating 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.