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3 Deadly Mistakes Every Home Buyer should avoid

By
Home Inspector with HOME INSPECTOR USA, LLC

Mistakes to Avoid

IT'S NOT NECESSARY TO LEAVE YOUR COMPUTER, SIMPLY "CLICK BELOW" AND SEND YOUR PHONE NUMBER TO MY CELL PHONE... I'LL CALL YOU WITHIN MINUTES. Have me call you. 

  Deadly Mistake #1: Thinking you can't afford it. Today, buying the home of your dreams is easier than ever before.  Many people who thought that buying the home they wanted was simply out of their reach are now enjoying a new lifestyle in their very own new home.   Buying a home is the smartest financial decision you will ever make.  In fact, most American and Canadian homeowners would be financially broke at retirement if it weren't for one saving grace - the equity in their home.  Furthermore, mortgage rates are more flexible today than ever and tax allowances favor home ownership.  

Real estate values have always risen steadily. Of course there are peaks and valleys, but the long term the trend is a consistent increase.  This means that every month when you make a mortgage payment the amount that you owe on the home goes down and the value typically increases. This "owe less-worth more" situation is called equity build-up and is the reason you can't afford not to buy.
 
Even if you have little money for a down payment or credit problems, chances are that you can still buy that new home.  It just comes down to knowing the right strategies, and working with the right people.  See below.

Deadly Mistake #2: Not hiring a buyer's agent to represent you. Buying property is a complex and stressful task.  In fact, it is often the biggest single investment you will make in your lifetime.  At the same time, real estate transactions have become increasingly complicated.  New technology, laws, procedures and competition from other buyers require buyer agents to perform at an ever-increasing level of professionalism.  For many homebuyers, the process turns into a terrible, stressful ordeal.  In addition, making the wrong decisions can end up costing you thousands of dollars. It does not have to be this way! 

Work with a buyer's agent who has a keen understanding of the real estate business and who is on your side.  Buyer's agents have a fiduciary duty to you.  That means they are loyal to only you and are obligated to look out for your best interests.  Buyer's agents can help you find the best home, the best lender and the best inspector.  Best of all, in most cases, the buyer's agent is paid out of the seller's commission, even though he/she works for you. Trying to buy a home without an agent at all is, well... unthinkable.

Deadly Mistake #3: Getting a cheap inspection. 
Buying a home is probably the most expensive purchase you will ever make.  This is no time to shop for a cheap inspection.  The cost of a home inspection is very small relative to the home being inspected.  The additional cost of hiring a certified proffesional inspector is almost insignificant.  As a homebuyer,  you have recently been crunching the numbers, negotiating offers, adding up closing costs, shopping for mortgages and trying to get the best deals.  Do not stop now.  Do not let your real estate agent, a patty-cake inspector or anyone else talk you into skimping here.   HOMEINSPECTORUSA is an independent professional home inspection company that cares only for his clients.  Education, Experiance and Expertise set us apart from the average home inspector.

HOMEINSPECTORUSA inspectors perform the best inspections by far. We are degree engineers, Mold certified technicians with vast experience in residential & commercial construction and certified InterNACHI inspectors. InterNACHI certified inspectors do more, they deserve more, and yes they generally charge a little more.  Do yourself a favor...and pay a little more for the quality inspection you deserve.
Inspected Once, Inspected Right!
  If you want the best home inspectors serving the pan handle of Florida , HOMEINSPECTORUSA is your choice! 

For more information visist: HOMEINSPECTORUSA

Patricia Fisher
Keller Williams Realty - Spartanburg, SC

Welcome to the Active Rain Community!  This is a great site to network, learn, and share ideas with others.  Have a great day!

Aug 17, 2008 11:15 AM
Jimmy McCall
JimmyMcCall.com - Cunningham, TN
The Ex-Mortgage Consultant

John, Welcome to Active Rain and congratulations on your first blog.  Good luck and happy blogging.

Aug 17, 2008 11:18 AM
Anna Wynne Stephens
Dorsey Alston Realtors - Atlanta, GA

Lucky you already getting comments on your first blog! Welcome aboard.

Aug 17, 2008 11:31 AM
Veronica DeCarolis
Weidel Realtors - Flemington, NJ

Thanks for writing.  Veronica

Aug 17, 2008 11:38 AM
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com

John, great post and thanks for sharing the idea on inspections. Welcome to Active Rain.

Aug 17, 2008 11:50 AM
Stefan Geyer
SOA Realty - Aurora, CO

Great tips, thanks for the post!

Aug 17, 2008 11:58 AM
Susan McQuaide
Keller Williams - Simpsonville, SC

Welcome to Active Rain! I hope you find this site as informational and entertaining as I have!

Aug 17, 2008 01:32 PM
Susan McQuaide
Keller Williams - Simpsonville, SC

Welcome to Active Rain! I hope you find this site as informational and entertaining as I have!

Aug 17, 2008 01:32 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello John,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Aug 17, 2008 02:24 PM
Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Aug 17, 2008 02:24 PM
Kevin Wood,
Keller Williams Southern Arizona - Tucson, AZ
Tucson, AZ Realtor

John,

Thank you for sharing your perspective. I wish you the best of luck and look forward to reading your future blogs. This is an awesome place to learn and grow.

 

Aug 17, 2008 04:32 PM
The Trumm Team Omaha Homes for Sale, Real Estate
Keller Williams Greater Omaha - Omaha, NE

Welcome to ActiveRain!

If you would like a few tips on getting the most out of ActiveRain, please visit my blog Welcome to Active Rain.  It has a few simple steps of what to do now that you have joined.

If you ever have any questions, just let me know.

Troy Trumm

Aug 18, 2008 12:56 AM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi John, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

PS: FREE blog traffic strategy video...Hope this will help you... click here

Aug 18, 2008 01:36 AM
Greg Steffens
Mountain Country Realty - Lake Arrowhead, CA

hi John - Welcome to Active Rain and congrats on your first posts.  Be sure to spend some time looking around at what and how others are blogging here.  It is a great education and lots of fun.  Looks like you're off to a great start...keep it up!

Aug 18, 2008 08:26 AM