Three WORST mistakes home buyers will make in 2015

By
Real Estate Agent with Keller Williams Realty | Kindler Home Team

Mistake #1:

Calling the listing agent on each house

Most people think that they need to contact the agent whose name in on the sign of the home they are interested in. Afterall, that’s who is selling the house, right? Right! That is the sellers agent who is selling the home. As a buyer, you want to hire an agent to show you any and every home to find the perfect home for you. That’s one point of contact who can show you every home listed for sale. Operating “piece meal” can really sting you! By working with the Kindler Home Team you flow effortlessly through the process with us as your guide. Tira Kindler can show you any home listed in northeast florida as well as negotiate on your behalf to get you the very best deal. Jason Kindler can handle every aspect of your financing with The Bank of England in Jacksonville, FL. We work together so you don’t have to pull the pieces from every aspect of the transaction.

 

Mistake #2:

Not knowing how much they can afford before they make an offer.

Your credit will determine TWO things…..whether or not you are approved for a mortgage, which mortgage program is best for you given your circumstances and what your interest rate will be. Once those things are determined you know how much of a monthly payment you will be able to swing and how much money you will need to put down. Then, we know what the price tag of the home can look like, what kind of taxes, CDD fees and HOA fees will keep you in the proper range etc. Without being pre approved there are too many variables to conduct a true search that won’t waste your precious time, or worse, leave you falling in love with a home that you simply can not purchase. With the Kindler Home Team, we operate with laser focus, finding you the best you can buy! One of the best things about Kindler Home Team is that we operate on a synergistic level.  Everything flows in the right direction, step by step, making the process seamless, easy and efficient. Jason Kindler will run your preliminary online application which can be found here.

 

Mistake #3:

Not getting a home inspection

Home inspections can be costly, typically $400-$600 depending on the size of the home. However, there is absolutely no good reason not to get one! Once we’ve found the perfect home for you, we’ve negotiated the price and the closing costs, you have ten days to conduct inspections and determine “at the buyers sole discretion” if you want to continue the sale. That means that if something is revealed in the inspections that makes the home undesirable to you then your binder deposit will be refunded and you are not bound to the agreement to buy.  Usually, if the home inspection is shared with the sellers we can renegotiate for repairs to be made for the sale to continue. Either way, you need to know if there are defects in the homes major systems, stucco, roof etc. before you purchase the home.

 

 

Comments (17)

Scott Gleason, CRS
Coldwell Banker Realty - Westfield, NJ
Westfield NJ New Homes Specialist

Good reasons to hire a qualified Realtor, Tira.  We can help guide the buyer and seller through the process to make it convenient and painless.

Feb 02, 2015 05:14 AM
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Well done, Tira.  These are very common home buyers mistakes, and your local market needs to know that you are the local expert.  Welcome to the Rain!

Feb 02, 2015 05:24 AM
Chris Mamone
Keller Mortgage - Tacoma, WA
Senior Loan Officer

I agree with those points! I actually had to highlight these points wtih clients last week. I had to tell quite a few potential home buyers that they can't just go look at homes and have no idea what they are qualified for.

Home inspections are very important in my belief. Although they aren't very accurate as they can see behind the sheetrock, they can catch some things that will cost $$$ before they turn into big projects. I highly recommend a home inspection for all home buyers.

Good post!

Feb 02, 2015 06:48 AM
Norma Toering Broker for Palos Verdes and Beach Cities
Charlemagne International Properties - Rancho Palos Verdes, CA
Palos Verdes Luxury Homes in L.A.

Those are three common mistakes and they are easy ones to avoid as well.  

Welcome, and well said!

Feb 02, 2015 08:32 AM
Odaly Victorio
Team Victorious at Keller Williams Realty - Jupiter, FL
Marketing Expert

Great points!  I'm so glad you addressed this.  Congrats on your first blog!  Welcome to the rain!

Feb 02, 2015 11:22 AM
Hank Dugie
Brockway Realty, LLC - League City, TX
Mr. League City

especially the last one... always get a home inspection!

Feb 02, 2015 12:34 PM
Mary Ann Benoit
Northern Lights Home Staging and Design LLC - Seward, AK

Great points, thanks for posting!

Feb 02, 2015 04:08 PM
Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

Good Morning and this is some great Info!! keep up the good work and good luck with your business,  E

Feb 02, 2015 10:20 PM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Welcome, Tira Kindler to the Rain train! I'm glad you made the brave first steps into the blogging world with us! It's a great place to be and I hope to see many more posts from you in the future!

Feb 02, 2015 11:44 PM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Three very key potential mistakes.   The key to avoiding them all is to get the right real estate agent - not the one on the sign either!

Feb 03, 2015 12:43 AM
Evan Ryan
The Evan Ryan Team - Springfield, MO

Thee great points. It is important to know how much you can afford before making an offer, and important to get an inspection to know what you are buying.

Feb 03, 2015 03:23 AM
Ingrid Pierson
Wesely & Associates - Auburn, CA
Making Friends & Helping Friends with Real Estate

Nice job, and welcome to Active Rain...Those are all good points, and knowlable agents know how to help their buyers get all those areas covered. It's also about a good team.  The lender that can be relied upon and good escrow services.  

Feb 03, 2015 08:42 AM
Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366
Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366 - Placerville, CA
General Contractor, Dry Rot and Water Damage

Great idea Tira Kindler , we look forward to reading more in the future.

Feb 03, 2015 02:51 PM
Kathy Goldman
REVA Online | SEO Boost For Real Estate, Social Media Marketing for Real Estate and Real Estate Blogging Expert - Waukesha, WI
Social Media & Marketing for Real Estate

Great points Tira Kindler. Buyers, especially first-time buyers, are more likely to make these rookie mistakes. That's why they have you to tell them what they need to do and to guide them! Welcome to AR! SEOBoostForREalEstate.com

Feb 05, 2015 05:24 AM
Coach KC™
Prosperitor LLC dba Secured Futures - Baldwin, NY
Marketing • Productivity • Revenue • Development

Welcome to Active Rain Tira Kindler!

Feb 05, 2015 09:45 PM
BILLY CRITTENDEN
Missoula Valley Properties, LLC - Missoula, MT
Broker/Owner,ABR,CRS,CNE,CNHS,GRI,RCC,SFR,SRS,SRES

Tira, If a home buyer will take your advice they will usually have a much more enjoyable and satisfying home purchase. Thanks for the post and welcome to AR!

Feb 06, 2015 06:30 AM
Thomas F. Scanlon
Borgida & Company P. C., CPA's - Manchester, CT
CPA, CFP

Tira- Well done. # 2 is huge.

 

Cheers!

 

Feb 09, 2015 09:35 AM