by Rick Delgado
on Wednesday, February 5th, 2020 at 6:58am.
Being a first time home-buyer can be scary! With so many homes to chose from there mistakes that can happen in the process. Are you talking the right precautions to make sure you find the perfect home? If you are not sure...
Here is a list of the top 5 mistakes to avoid when buying a home:
1.) Buying out of Budget
One of the most common mistakes home-buyers make is buying a home that does not suit their budget. One of the worst things you can do to yourself is fall in love with a home that you can't afford. Start browsing for homes that are strictly in your budget. Stay disciplined when buying a home. The worst thing you can do is put yourself in a financial mess for seeking more than you should have.
2.) Mortgage Pre-Approval
Sometimes our budgets for a home and the amount that the bank is willing to lend are not the same. This is why getting pre-approved for a mortgage is so important! Before even considering putting in an offer check in with your bank and see what they can lend you. Without pre-approval, there is the potential of wasting time and disappointment for not being able to but the house that you want. Do yourself a favor and get pre-approved!
3.) Not Having a Real Estate Agent
Believe it or not this is one of the the most common home-buying mistakes. A real estate agent will always have the best interest in mind for their clients. Agents want to see their clients find their dream home plus do all the work for you. Take some of the stress off and get yourself an agent!
4.) Not Inspecting
Before closing any type of sale, make sure to get your home inspected. This is a crucial step in the process because depending on the age of the home, there could possibly be some unforeseen problems with the house that could crucially affect your budget.
5.) Rushing an Offer
Upon finding the perfect home, it can be tempting to put in an offer right away. Instead of rushing to put in an offer, think about some key factors. Is the home in the perfect neighborhood? Is there any possible noise disturbances in the area? Take some time to figure out all of the aspects about the home and its location so you can make sure it is the right one for you.