Top 10 Home Buying Mistakes To Avoid:
Shopping for a new home is an emotional experience. It’s also time consuming and comes with a myriad of details. Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. Their home purchase turns into an expensive process. Here are the top 10 Buying mistakes to avoid.
- Looking for a home without understanding Buyer Agency Law:
Sellers always have Realtors representing them to seek their best interests. Buyer Agency Law gives you the Buyer protection when buying a home.
- Looking for a house without getting pre-approved by a lender:
When you are pre-approved, you are effectively a cash buyer. This makes it much easier to negotiate with a seller. Do not mistake pre-approval with pre-qualification; pre-qualification is only the first step in gaining pre-approval. Contact MyDaddyHomes for a fast pre-approval.
- Making an offer based upon the asking price, not the actual market value:
Do your homework. What have similar properties sold for in the immediate area? How long has the home been on the market? How does this one compare? Is it over-priced, under-priced, or fair value? Is the home in a good location? MyDaddyHomes provides it's clients with an up-to-date market summary of the intended home purchase so you don't pay more for the home than it's worth.
- Buying Mistakes 4-10 will be explained at the Buyers Consultation meeting.