Tuesday, August 16, 2016

5 First Time Home Buyer Common Mistakes


Buying your first house can be challenging, here are a few mistakes to avoid in order to make your experience a good one:

1. Not Knowing What You Can Afford 

Checking your credits is one of the first steps before looking for a house. It is extremely important to know where you are at financially as it will be the first thing lenders will look at before putting the mortgage together.

2.  Not Using the Help of a Professional

A Real Estate Agent will act for the homebuyer and home seller best interests. Getting the help of someone who has experience and knowledge about the real estate market is crucial to avoid making buying your first house a bad experience.
Your Real Estate Agent will be someone you trust to help you with the biggest investment of your life.

3. Not Considering Other Expenses
When first buying a house, there are many additional expenses you will need to consider such as property insurance, taxes, etc.. A Real Estate Agent can help you figure out what a realistic budget should be.

4. Skipping the Home Inspection
Sellers usually try to avoid the home inspection and it can seems like an easy way to save money to the home buyer. However, it is very risky not to do one. In fact, doing a home inspection will save you some time and money. Once the closing is done, you will be the one financially responsible for any repairs or any issues arising. Any issues linked with the good functioning of the house such as the electricity, the plumbing should be verified BEFORE the closing.

5. Not Researching the Neighborhood
You visited the perfect house. You picture yourself decorating the kitchen, choosing new appliances, but have you took a look at the neighborhood? Is it safe to walk back home at night? Is there a school in the area for your future kids? These are all questions to ask about the neighborhood your future house is in. It is essential you pick a house in an area you will love and can see yourself and your family grow in.

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