Luxmore Realty

5 COSTLY MISTAKES HOME BUYERS MAKE.

MISTAKE #1: NOT KNOWING WHAT THEY CAN AFFORD BEFORE MAKING AN OFFER.

The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.

MISTAKE #2: NOT KNOWING WHO THE AGENT REPRESENTS.

Unless an agent is working as your buyer representative, they represent the seller. Many people don't realize this.

MISTAKE #3: CHOOSING THE WRONG MORTGAGE.

A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage.

MISTAKE #4: NOT FINDING PROBLEMS WITH THE HOME BEFORE BUYING IT.

You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on. Read this guide to avoiding a money pit.

MISTAKE #5: NOT UNDERSTANDING HOW THEIR CREDIT CAN IMPACT THEIR ABILITY TO PURCHASE OR REFINANCE A HOME.

Get a mortgage professional to help you go over and prepare your credit file before you buy a home.

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