Top 5 Home Buyers Dumbest Mistakes
Wednesday Dec 27th, 2017
Mistake #1 : Not knowing how much they can afford to pay for a house before they make an offer.
You can avoid this by getting pre-qualified for a mortgage from a Lender, so you know in advance exactly how much you can afford.
Mistake #2: Not finding out in advance whom the real estate agent represents.
You can avoid this by asking your REALTOR®.Most people think their agent is working for them. But unless the agent is working as your buyer representative, he/she represents the seller.
Mistake #3: Not realizing that the wrong mortgage can cost thousands of dollars in unnecessary interest
You can avoid this by consulting with a mortgage consultant, accountant, and/or financial planner before making a final decision on which mortgage to choose. CPAs (Certified Financial Planners) can tell you the long-term effects on your income.
Mistake #4: Not discovering hidden defects before buying a home.
You can avoid this by hiring a professional to conduct a pre-purchase home inspection.
Mistake #5: Not knowing how debt can affect their ability to buy or refinance a home.
You can avoid this by asking your mortgage professional to help you review advise you on the best way to repair your credit if necessary.