Costly Home Buying Mistakes to Avoid

Buying a home?

It's a big deal, and it's totally normal to feel a little overwhelmed. But don't worry, I’ve got you! Here are some common mistakes to avoid, especially if you're a first-time buyer:

#1 Skipping Pre-Approval: Get pre-approved before house hunting. It sets your budget and shows sellers you're serious. Remember, even with pre-approval, avoid major financial changes before closing. Don’t buy that new car quite yet!

#2 Inspections – Seriously, Do It: Inspections uncover hidden problems. Don't skip this crucial step to save money – it could cost you far more later.

#3 Fixer-Uppers – Proceed with Caution: Fixer-uppers can be tempting, but they're not always the bargain they seem. If you're on a budget, look for properties with upgrade potential and focus on improvements that boost value. Ask your agent for advice!

#4 The Bidding War Blues: Overbidding can be a costly mistake. An experienced real estate agent will help you develop a competitive and sensible offer strategy.

#5 The Mortgage Myopia: Don't assume your current bank offers the best mortgage rates. Shop around and compare all options, including those offered by mortgage brokers. Pay close attention to the total cost, including potential penalties. Ask me about my trusted Brokers.