5 Costly Mistakes

  • David Sidenberg
  • 06/9/21

5 Costly Mistakes Home Buyers Make.

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.
 
 
 

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