10 Deadly Mistakes Buyers Make When Purchasing A Home

Dated: 04/20/2018

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PROTECT YOURSELF FROM THESE TEN COMMON PITFALLS...


MISTAKE NO. 1: Choosing a real estate agent who is not committed to forming a strong business relationship with you. 

HERE'S HOW TO AVOID IT: Choose a professional who is dedicated to serving your needs - before, during and after the sale.

MISTAKE NO. 2: Making an offer on a home without being pre-qualified.

HERE'S HOW TO AVOID IT: Pre-qualification will make your life easier - take the time to talk with a bank or mortgage representative. Know how much home you can afford before you start shopping.

MISTAKE NO. 3: Not knowing the total costs involved.

HERE'S HOW TO AVOID IT: Early in the buying process, ask your real estate agent or mortgage representative for an estimate of closing costs. Title insurance, lawyer fees, appraisal fees, home inspections, surveys, and pro-rated fees must be taken into account so there are no surprises at the closing table.

MISTAKE NO. 4: Limiting your search to open houses, ads or the Internet.

HERE'S HOW TO AVOID IT: Many homes listed in magazines or on the Internet have already been sold. Your best course of action is to contact a real estate agent for the most up-to-date information that is unavailable to the general public.

MISTAKE NO. 5: Thinking that there is only one perfect home out there.

HERE'S HOW TO AVOID IT: Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities.

MISTAKE NO. 6: Not considering long-term needs.

HERE'S HOW TO AVOID IT: It is important to think ahead. Will your home suit your needs 3-5 years from now? How about in 5-10 years?

MISTAKE NO. 7: Not following through on due diligence.

HERE'S HOW TO AVOID IT: Make a list of any concerns you 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 you can have confidence in your purchase.

MISTAKE NO. 8: Not having a home inspection.

HERE'S HOW TO AVOID IT: Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers overlook.

MISTAKE NO. 9: Not examining insurance issues.

HERE'S HOW TO AVOID IT: Purchase adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.

MISTAKE NO. 10: Not purchasing a home protection plan.

HERE'S HOW TO AVOID IT: This is essentially a mini-insurance policy that usually lasts one year from the date of sale. It covers basic repairs you may encounter and can be purchased for a nominal fee. Your real estate agent can help you find the protection plan you need.


Looking for an agent who cares about YOU and YOUR needs? 

Contact Shawn Winstead 919.880.0143

http://shawnwinstead.myhtrraleigh.com/



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Shawn Winstead

Are you overwhelmed with the idea of buying or selling a home? Then you should take advantage of the many services a Triangle real estate agent can provide. You don’t have to do this alone! A profes....

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