5 Costly Mistakes Home Buyers Make

Posted by Kevin Lapp on Monday, December 11th, 2017 at 10:43am.

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.

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.

3. Choosing The Wrong Mortgage

A bad mortgage can cost you thousands in taxes and interest. It is crucial to find a good lender.

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.

5. Not Understanding How Your Credit Can Impact Your Ability To Purchase Or Refinance A Home

Get a mortgage professional to help you go over and prepare your credit file before you decide to buy a home.

Leave a Comment

Format example: you@domain.com
Format example: yourwebsitename.com

Sign up for email updates