Avoid Costly Mistakes!

Here are the top 9 mistakes made by those new to real estate or not working with a qualified professional REALTOR.

1. Making an offer on a home without being pre-qualified.
   -Pre-qualifications will make your life easier-so take the time to speak with a bank or mortgage representative. Their specific questions in regard to income, debt, etc., will help you determine the price range you can afford.
   
2. Not having a home inspection.
   -Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.
   
3. Limiting your search to open houses, ads or the internet.
   -Many homes listed in the magazines or on the internet have already been sold. Your best course of action is to contact a Realtor. They have up-to-date information that is unavailable to the general public and are the best resource to help you find the home you want.
   
4. Choosing a real estate agent who is not committed to forming a strong relationship with you.
   -Making a connection with the right Realtor is crucial. Choose a professional who is dedicated to serving your needs-before, during and after the sale.
   
5. Thinking there is only one perfect house out there.
   -Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your Realtor for a comparative market analysis. This compare=s similar homes that have recently sold, or are still for sale.
   
6. Not considering long-term needs.
   -It is important to think ahead. Will the home suit your needs 3-5 years from now?
   
7. Not examining insurance issues.
   -Purchase adequate home owner insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.
   
8. Not knowing the total costs involved.
   -Early in the buying process ask your Realtor or mortgage representative for an estimate of closing costs. Title insurance and lawyer fees should be considered and many pre-pay responsibilities like property taxes and fuel adjustments must also be taken into account.
   
9. Not following through on due diligence.
   -Buyers should make a list of any concerns thy 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 that you can have confidence in your purchase.
   

Oh, by the way... whenever you come across people who are thinking about buying or selling a home and who would appreciate the kind service I offer, I'd love to help them. So, as these people come to mind, just give me a call with their name and number or fill out my online Client Referral Form. I'll be happy to follow up and take care of them.