The dream of homeownership is one that lives on in spite of the global economic struggles. The process of buying a home in Oxford can be an emotional roller coaster ride, with feelings of excitement mixed in with exhaustion, fear and uncertainty.
Avoid the following mistakes that buyers make regardless of whether the market is up or down.
1. Failure to get qualified beforehand. Mortgage qualification is essential when buying a home in Oxford, as it gives buyers preapproval for a loan before they make any offers. Making an offer on a home before you know what the bank is willing to lend you is a waste of time for everyone involved.
2. Being blindsided by additional costs. First-time homebuyers, once they have moved into 
their home, often experience some sticker shock when the additional expenses associated with homeownership arise.
3. Shooting for the moon. The ongoing recession is in part the result of predatory lending that saw banks grant excessive loans to applicants who, in hindsight, could not actually afford all that they were approved to borrow.
4. Pigeonholing yourself into an inadequate living situation. Just like buyers shouldn't go overboard, they also must avoid compromising on the things that are most important to them.
5. Skimping on the cost of an inspector. An inspector is your last chance to find out if a home is your dream home or a money pit. Even if a house appears to be everything you want, don't close on the sale until the house has been thoroughly inspected.
references: home seekers guide
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