When buying for a home, do not visit more than 4 listings a day, make a list of pluses and minus and finally eliminate the ones don't fit your necessities and priorities.
Listed here are three risky mistakes Buyers do when buying a house:
Reject to give full trust to the agent either for fear, lack of confidence or they feel it is not important enough to discuss about- Trust in your representative- they represent you in your best interest and they can't help you if they don't know your needs. Backing up of a transaction not always manage the return of your earnest money deposit, so please feel confident in your agent since the beginning.
Changing ratios prior to Closing - New ratios mean you no longer qualify for a loan. Do not buy anything with a credit card once you have completed and submitted a loan application. Not even furniture for the new home. An increase in your credit ratio or money you borrowed and now owe could cause the new loan bank underwriters turn your application down and deny the new loan.
Buying the wrong home- a bigger size or not located in the neighborhood they were looking for. Some buyers fell in love with the house backyards or the interior and forget about what was they were looking for. You should do a list of your priorities and which are the ones you can live without. A expensive house can strain you in a higher monthly payment- even if you can afford it- avoid buying a bigger home that always require more electricity, has extra lawn expenses and needs more cleaning time.