BUYER MISTAKES

By
Real Estate Agent with GMAC Cypress Real Estate

 With a little preparation, finding and purchasing your home can be a positive experience. But, if you stumble into some common pitfalls, the process can turn into a nightmare. This special report will help you avoid seven common mistakes buyers often make.

PLEADING FINANCIAL IGNORANCE.

A little preparation goes a long way. Bea smart consumer. Learn some financing basics before you start shopping. Explore your options. Don't be afraid to ask questions. Know how to shop for a loan that's right for you. It is always a good idea to get pre-approved by a lending institution. Thissimple step takesvery little time and lets you know the price range that fits your life style.

BUYING ON IMPULSE.

The last thing you need is to close a deal and realize you bought a house you don't want or like and does not fit your needs. Ask your self what are you looking for in a home,before you shop. Think about size,commute,etc.

RUNNING UP HIGH DEBT.

Don't make major purchases until after you buy your home. Pay down credit cards and don't apply for new ones. Remember, financial institutions evaluate your financial situation on your gross montly income. Your total montly house cost shouldn't exeed 28 porcent of your gross monthly income.

TAKING TOO MUCH TIME.

Some times homes sell quickly,so be ready to make fast decisions (tis is why you must prepare before you start your search). Be accesible to change terms and have easy access to tour agent. Instant communication can mean the difference betwen winning or losing the property of your choise.

SUBMITTING A WEAK OFFER.

Sellers want a fair price, and they want to know a potential buyer is serious. Submit a strong offer and include a substantial earnest money deposit. Sometimes offers are accepted based on the amount of the depocit.

BEING TOO PICKY.

Fewer contingencies mean a stronger offer.

NEGLECTING THE HOMEWORK.

Skipping a few easy steps in the buying process can be disastrous on the long run. Make sure you know what you are getting before you buy.

.Hire a professional building inspector or appraiser.Make sure the house is in satisfactory condition.

.Check zoning regulations and covenants .Good residential neigborhoods are zoned to keep out commercial and industrial users. Read any restrictive covenants; make sure they fit your lifestyle.

. Make sure you know what stays and what goes. Your contract should be very specific about wich items are included in the sale.

. Get agreements in writing. Make certain verbal agreements are written into the final contract to avoid any stressful and expencive issues later.

. Get your self a good realtor to help you, as a buyer it won't cost you anything and you will be protected with  professional help and sound advice tha is the cheapest insurance you can buy.

. If you have any questions about real estate call me (509)521-8275 it won't cost you anything.  

 

 

 

 

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