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10 Deadly Mistakes Buyers Make When Purchasing a Home

1) Making an offer on a home without being prequalified.

2) Not having a home inspection.

3) Limiting your search to open houses, ads or the internet.

4) Choosing a real estate agent who is not committed to forming a strong business relationship with you.

5) Thinking there is only one perfect house out there.

6) Not considering long-term needs.

7) Not examining insurance issues.

8) Not buying a home protection plan.

9) Not knowing total costs involved in buying a home.

10) Not following through on due diligence.

If you want more infromation on buying a home or a Free Copy of The Home Buying Handbook then send an e-mail to DelawareMortgages@yahoo.com

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

302-703-0727 Office

www.DelawareMortgageLoans.net

Posted by John Thomas on 10/21/2009 11:04 PM

Comments (2)

Deadly Mistakes When Buying a Home in the Home Buying Channel

deadly mistakes when buying a home

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2 Comments on 10 Deadly Mistakes Buyers Make When Purchasing a Home

OCT

John, this is a terrific list for buyers to consider when purchasing a home.

I would add, selecting a lender based on a low rate rather than reputation and overall costs of the loan including all the closing costs.

Also, selecting a lender who promises a rate too good to be true who won't deliver it and will switch to a higher rate at closing or right before.

Hi Sharon,

You are definitely correct on that. Buyers think rate is everything when trust and condifence in the numbers disclosed is way more important. I just got a refinance from a past client because he went with lender with rate that was too good to be true and when he got to the table rate was 0.5% higher than he was quoted. Lucky he was smart enough not to sign and called me as he was leaving attorney office apolizing and asking if I could still help him refinance.

John

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