What You Need to Know When Buying a House or Top 6 Buyer's Biggest Mistakes

TOP 6 Buyer's Biggest Mistakes

So you are thinking about buying a real estate property?

Good decision!

Big Mistake # 1: Thinking that you can't afford it right now.

Many people who thought that buying the home they wanted was an unreachable dream were surprised how easily their dream came true. Now they are enjoying a completely different lifestyle in their own homes. Real คอนโดมือสอง ราคาถูก estate prices have always gone up. No doubts, that the real estate market has seen not only highs, but also lows. However, the long-term trend is a constant increase.

You have to remember, that even if you have little money for a down payment (even 0 down) or credit problems, chances are that you can still buy a property that you want. It just comes down to planning your financial future and working with the right people.

Big Mistake #2: Not Getting Pre-Qualified for a Mortgage.

Needless to say, how important it is to know your limit. You can spend weeks, months or even years looking for a property you need just to find out at the end that it is over your budget. Not only does pre-qualifying gives you some piece of mind and narrows your search criteria down, it is also a valuable negotiation tool in a multiple offer situations.

Big Mistake #3: Not knowing who the agent represents.

It is extremely important to understand that unless you have a buyer representation agreement with the agent, he/she represents the seller. NOT YOU! Many people still don't realize this.

Big Mistake #4: Not hiring a qualified buyer's agent to represent you.

It is the primary role and duty of your agent to help you buy a property and avoid all the mistakes that might take place. Hire a professional real estate representative! They can give you advice on what to look for, negotiation strategies, conditions to include to protect buyer's interests and etc. After all they are specialists who tirelessly and diligently work for you, and they do not cost you anything. Not a penny.

Big Mistake #5: Not shopping around for mortgage terms.

Never forget that mortgage rates are absolutely negotiable. You do not need just an average "good" rate. You need to know what the best rate is. Do not be lazy or shy! Spend some time now, and it will save you a lot of money in a long run.

Big Mistake #6: Skip the home inspection.

Home inspection is a MUST! There are far too many problems that are simply invisible to a naked eye, especially when you do not know what to look for. If the inspection identifies deficiencies, you may be able to negotiate the purchase price with the seller, or make the seller to fix the existing problems.