Here are the 7 most common mistakes buyers make when purchasing a home:
1. Making an offer on a home without being prequalified
Knowing what you can qualify for first can save you heartache later. Also, in todays market, most listing agents require buyers to be prequalified when submitting an offer.
2. Not ordering a home inspection
By saving a few dollars now you can set yourself up for big problems ( and money) in the future. Find out what you are getting into before you buy.
3. Limiting your searches to open houses or internet searches you do on your own.
Many of the homes you find online have already been sold and are left online for marketing purposes. Let us set you up with automatic searches that will provide you with current, real time information on properties you are interested in.
4. Choosing a real estate agent whom is not committed to you.
Making a connection with the right agent is crucial. We pride ourselves in putting our clients first and making sure we always act in the clients best interest.
5. Falling in love with one home.
Unfortunately todays market conditions do not allow you to fall in love with a single home. You have to be ready to write offers, and walk away and find another property if necessary. Although the media is all gloom and doom, the local market is very competitive.
6. Not purchasing a home warranty
This is an inexpensive, mini insurance plan for your home. Many policies cover everything from air conditioning to appliances. And trust us, that $50 or so deductible will be your new best friend if something major occurs in your home.
7. Not Asking questions!
This is probably one of the largest financial decisions you can make in your life, if your not sure abouts something, ask! Chances are your Agent, Loan officer, or Escrow officer will have an answer for you.
Ray and Melissa Dietrich are agents serving the Murrieta, Temecula, Menifee, Hemet, and Lake Elsinore areas of Riverside County, CA. Find us on the web at http://southwestdreamhomes.com
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