10 Deadly Mistakes Buyers Make When Purchasing A Home

Dated: 04/20/2018

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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


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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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