Doing your homework before you buy can make all the difference. Below are common mistakes to avoid when buying a home:
- Not understanding the local real estate market to determine pricing and location options
- Not narrowing your search to what is available in your price range
- Not obtaining a proper home inspection to identify problem areas that could prove expensive
- Not identifying all available financing options based on your monetary situation
- Looking for the "perfect" home rather than the best home for your family's needs
- Not familiarizing yourself with local schools, shops and other neighborhood amenities
- Making a major purchase or otherwise moving money around that could affect your credit rating
- Buying before you sell, this can affect the down payment and could necessitate interim financing
- Not buying with resale in mind
clear skies,
doug reynolds
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