10 deadly mistakes buyers make when purchasing a home

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10 Deadly Mistakes Buyers Make When Purchasing a Home

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Making an offer on a home without being approved Pre-approval will make your life easier – so take the time to speak with a lender. Their specific questions in regard to income, debt, etc. will help you determine the price range you can afford. It’s an important step on the path to home ownership. I’m happy to provide you with a lender that has great rates, costs, and service.

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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.

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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’s unavailable to the general public and are the best resource to help you find the home you want.

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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.

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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 available for sale.

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Not considering long-term needs It is important to think ahead. Will the home suit your needs 3-5 years from now?

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Letting the seller know you love the house A professional Realtor® would never disclose information such as this which would be against your best interest.

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Not buying a home protection plan This is essentially a mini insurance policy that usually lasts one year from closing. It usually covers basic repairs you may encounter and can be purchased for a nominal fee. Talk to your agent to help you find the protection plan you need.

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Not knowing the total costs involved Early in the buying process, ask your Realtor® or lender for an estimate of closing costs. Pre-paid costs such as taxes and insurance must also be taken into account.

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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.

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Please let us know if you have any questions or would like additional information! Beth Lube RE/MAX Real Estate Group www.HomesAroundOmaha.com (402) 594 - 2000