Common Mistakes When Purchasing a Home

Common Mistakes When Purchasing a Home

Below are a few of the common mistakes people sometimes make when buying a home in Frisco, TX.

Not working with a licensed real estate agent:
When looking for a home it is always a good idea to work with a buyers agent. You have to remember that the agent who's face is on the sign outside a house you may be interested in works for the seller and will not have your best interests in mind. Also a buyers agent will have experience and knowledge in your local housing market.

Establish a Budget:
Remember it's not use the mortgage payment that you need to make each month. Ensure you also budget for taxes, utilities, insurance and repairs.

Skipping the home inspection:
Aways go into a real estate transaction with your eyes open. It is very important that you get a home inspection performed even if you are purchasing a new construction. Hire your own inspector ( you realtor can give you recommendations) to be sure that you are not surprised by any costly repairs that will break the bank.

Rushing the home-buying process:
The home buying process requires patience and time. Your agent will be able to advise you if it's prudent to put in a back-up offer on a property that you really like but has received other offers. Also remember there are closing costs associated with the purchase of a house so make sure you get an estimate from your realtor or title company.