Common Mistakes Buyers Make When Purchasing A Home
Not following through on due diligence. Buyers should make a list of concerns they have before buying their Fort Wayne home. School systems, crime rates, neighbors, environmental conditions, etc. These important questions should be answered before you write that offer.
Not knowing all of the costs involved. Your Fort Wayne area REALTOR and lender can give you an estimation of all costs involved including a home inspection, appraisal, loan fees, and any closing costs.
Not buying a home warranty. A home warranty can bring new home owners peace of mind. Home warranties last 1-2 years and cover basic repairs you may encounter. We highly recommend a home warranty, especially to first time home buyers in Fort Wayne.
Not understanding your home owner's insurance. Talk to your Fort Wayne insurance agent early in the process and make sure you understand what the insurance covers and how much insurance you need.
Not considering long term needs. It is very important to think ahead. A 2 bedroom ranch might work for a new couple right now, but what about when the family starts growing? A house without a garage may work for you, but when you go to resell it in 5 years it may not appeal to most, especially with the cold winters in Fort Wayne.
Buying the first house you see or settling. The Fort Wayne real estate market is clearly a buyer’s market right now. Inventory is high and prices are down. We encourage our buyers to take their time and find what they really want instead of settling for something they don’t love.
Choosing a REALTOR that is not committed to forming a strong business relationship with you. Using the right REALTOR is crucial. You are entering a partnership with your agent and you need to make sure you that you choose a professional who is dedicated to serving your needs before, during, and after the process.
Not having a home inspection. I don't care if you are a cash buyer, have construction experience, or watch a lot of HGTV, not having a home inspection is one of the biggest mistakes a buyer can make. A licensed inspector will detect issues that you and I may overlook or may not be able to see.
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