It's easy to get caught up in the excitement when you place an offer on or purchase a new home. However, by doing your homework and keeping a few things in mind, you can make sure you are making a wise investment and can even avoid future problems. Here are a few common mistakes and how you can avoid making them.
Not Getting Pre-Approved for a Loan
You can make buying a home easier by becoming pre-approved for a loan before you begin house hunting. Knowing exactly how much you qualify for, and how much you can realistically afford, can help you narrow down your options and find the right home faster. It can also help you save a lot of time when you decide to make an offer on a home.
Failing to Explore the Neighborhood
Wellesley has many wonderful neighborhoods, but it is important that you find the one that is the best fit for you. You can ask the buyer and even some neighbors about the neighborhood before you place an offer on a home. Also, don't forget the importance of seeing things for yourself. Drive through the neighborhood at different times of the day, check to see how close it is to public transportation and learn about nearby schools before you decide to put an offer on a house.
Ignoring Problems with the Home
If you found a home you absolutely love, don't let the excitement cause you to ignore any problems it may have. Anything from structural damage to aged appliances can be an added cost to you, and should be carefully considered before you make an offer.
Not Requesting a Home Inspection
You can check for problems, and make a better decision on how much to offer for a home, by requesting a home inspection. Even if everything seems to be in good shape, a home inspector may uncover problems that you can't see. An inspection can also alert you to potential additional costs or future problems.
Purchasing Without a Realtor's Help
One of the best things you can do to make sure the process goes smoothly is to work with an experienced realtor. A professional can help you understand what steps are involved in buying a house and how to navigate the process. Realtors have valuable experience, understand market conditions and are knowledgeable about specific neighborhoods. A realtor can also provide a market analysis and help you negotiate an offer.
Not Acting When the Time is Right
Once you've decided you want to make an offer on a home, take action before you lose the opportunity. The Wellesley real estate market is very seller-friendly, with more buyers than there are sellers in many areas. When you have properly considered these guidelines, and chosen a home to make an offer on, don't waste time; let a real estate agent help you make an offer.
Avoiding these common mistakes can help you make wise investment decisions and find the perfect home for your family. Doing some research, requesting a home inspection and working with an experienced realtor can help you save time and money. For assistance finding a Wellesley home for sale, contact Christine Norcross at 781-929-4994.
Comments (0)Subscribe to CommentsComment