1st time Home Buyer mistakes
Attention 1st time Home Buyers!
Before you start hunting down “FOR SALE” signs, follow these steps…
1.) Get pre-qualified… You’ll know which price range you can afford.
2.) Do your research… Understand today’s market! As your real estate agent for the cold hard facts. They can supply you with statistics from your local Realtor Association.
3.) Be familiar with the sales process… There’s a lot more to it than just making an offer.
4.) Look at all aspects of the property… Don’t be blinded by happiness. Keeps your eyes, ears & nose open for flaws.
5.) Choose the right area… Take commuting into consideration & what the surrounding area has to offer.
6.) Get a property inspection… Don’t assume you’re buying a perfect house, although it may appear picture perfect. Get a building & pest inspection before settlement!
7.) Act quick… If you come across something you like, don’t count on it staying on the market while you take a peak at the other 5 homes on your list.
8.) Watch out for gazumping… Be careful when making a verbal offer. Everything should have a paper trail!
9.) Don’t let your emotions get in the way… If you’re feeling overwhelmed, take a deep breath & reflect on your options with a consultant.
10.) Stay within your means & budget… Listen to your mortgage lender when she tells you what you can & cannot afford. You don’t want to stretch your dollar when it comes to one of the biggest investments you’ll make in your lifetime.
June 12, 2013
Categories: Buyer or Seller Tips . . Author: vantagerva . Comments: Leave a Comment