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Mistake #4: Taking Someone's Word and Not Doing Your Own Investigations
We’re going to review some of the common mistakes that first-time buyers make, and we’re going to show you how they can ruin your opportunity to buy your first home. How to avoid those types of blunders? You'll find out in our HousePro Academy online course, Home Buying 101.
MISTAKE #4:  Failing to do your "Due Diligence" Research
The fourth common mistake made by buyers is neglecting to do their “due diligence”.  Due diligence just means researching the property and the neighborhood.  You need to do the footwork to find out what’s going in with the house.  You cannot simply rely on your Realtor® or the listing agent.  Getting inspections is one important way to research your house.  But it’s your responsibility to find out about the neighborhood, the neighbors, the community, and the area you want to live in.  For example, here in California we have a Megan’s Law disclosure.  Buyers can go online and find out if any criminal sex offenders live in their neighborhood.  Another example is called “errant golf balls”.  My friend lives in a lovely home with a view of a golf course -- and guess what else she has?  Lots of golf balls landing in ... more

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