Making a big step like buying a home, you want to avoid making mistake so your experience is as positive as possible. What are the costly mistakes that a home buyers should avoid? This is part two of this blog post.
Don’t forget to look at new construction
One mistake that buyers can make when purchasing a home is thinking that they cannot afford a new home. Did you know that approximately one in five homes on the market is new construction? New homes are often thought to be too pricey, but builders are responsive to market conditions and often offer incentives to buyers that can be very attractive. These incentives can include rate buy downs and closing costs credits, among others.
Use an experience realtor
Some buyers make the mistake of thinking that they do not need to use an experience realtor. They can do it on their own. Experience is important, particularly when you have someone that is guiding you to make such a major purchase. As a buyer, you should be looking for an agent with at least five years of experience, in the area that you are looking to purchase. You can interview agents to find one that you are most comfortable with. Remember that normally home sellers pay the buyer’s agents commission. This means that using an experienced, local real estate agent costs you nothing and includes their expertise.
Buy the house and the neighborhood
Another mistake buyers can make is falling in love with a house and not looking at or considering the neighborhood, where the home is located. When you look at a house, consider the neighborhood that the home is in. Also consider the schools, where the closest grocery store is and gas station. don’t forget to consider flight paths of airports, power lines, and train tracks. All of these things can affect the desirability and resale of the home.
Don’t wave inspections
Once you have your future home under contract, the next step, in the process, is inspection. Do not make the mistake of thinking, I can totally fix that, when you see the list of things that are wrong with the home. Do not let your excitement in buying your home, cloud your thinking. Ask your agent what is reasonable to have the seller fix, given the current market conditions. Follow your agents lead and understand the costs of what needs to be done.
When buying a home avoid making mistakes that can cost you money. Have a great agent guide you along the way and enjoy your home buying experience.