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Don't Get Screwed - Avoid These Mistakes Often Made by Home Buyers
When it comes to an experience that can be tricky to manage for first timers, home buying is without a doubt one of the most challenging endeavours out there. It can be exciting, tiring, frustrating, or just outright scary. The best action you can take to remain in control during the entire process is to understand the most common mistakes made and avoid making them yourself. Here are a few to consider.
Making an Offer Before Officially Qualifying for Your MortgageAn easy mistake any first time home buyer can make comes from getting slightly too eager and placing an offer on the home of their dreams before their actual mortgage has gone through with their bank. Assumptions are not your friend with regards to home buying, especially when it comes to assuming that your bank will approve your mortgage for a particular amount. If you do choose to make that assumption but the mortgage doesn't come through, then you could find yourself in a very uncomfortable position. You'll upset not only the other party (both the seller and his or her agent) but also your own agent. Instead, before rushing out to make an offer on a home, make sure that you've ... more
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