Major House Hunting Mistakes to Avoid

1. Major House Hunting Mistakes to Avoid

2. Mistake #1: Selecting the wrong real estate agent In today’s digital era most of the house-hunting tools and platforms are available to make your search easy, but there are many buyers who take help of real estate agent to finding their dream home. All online platforms can’t hold the local knowledge and professional expertise as a real agent brings to the home buying process. If you’re not getting proper advice you might be missing the chances of finding your right home. Here select best real estate agent who has deep local knowledge and experience about the area. Mistake #2: You missed to meet the lender first First, you have to calculate how much you can afford to spend and then made a rough monthly budget. Before you start looking for home and real estate agent, first meet a lender and get pre-approved for a mortgage. It is advisable to talk to other lenders and see who can provide a pre-approval fast. This it the one of the major mistake that people do so even if you are hunting or thinking to buy home, so Avoid this mistake while buying a home.

3. Mistake #3: Get obsessed with cosmetics This is another mistake that people usually do, House hunting is taken as an emotional process. Do not fall with home features like wall colour, flooring and other hardware stuff which are relatively cheap to replace. Don’t overlook the flows. Take a complete walkthrough and give the importance to damage of the roof, foundation, pipes and other major issues because these home repairing project can be too costly for you. Mistake #4: Not Knowing What You Can Afford Once you fall in love with a specific home, it's hard to come back from it. You start imaging yourself in that home. If you will not afford that house, you will just hurt yourself by dreaming about that home.  Most of the people, they don’t know what they can afford and fall for overwhelming temptation. Make your rough budget and then start your house hunting.

4. Mistake #5: Putting Neighbourhood into the backburner Once you bought a home, you can renovate your home, but you can’t remodel your neighbourhood. Be cautious here. Don’t put your Neighbourhood into the backburner. Spend enough time to know about the neighbourhood. Dig deeper to evaluate Neighbourhood for safety, crime rates, and facilities in the vicinity. View upcoming local development plans to your location. Mistake #6: Overthink every little ‘what if This is the another mistake need to avoid, don’t stick over a home for too long before placing an offer otherwise you could lose out. In this case, once you finalise a home discuss with your real estate agent and understand the speed of your market. If it’s a hot seller’s market then prepare to submit your best offer quickly after complete home inspection. If you have any doubt regarding home make it clear and avoid unnecessary delays. 

5. Mistake #7: ignoring the Inspect Ignoring the home inspection is another major mistake. Once you finalised your home and before you close on the sale, you need to take complete walkthrough and inspect home carefully and check any repairs to do. Make it done this repairs before signing contract otherwise, you will have to pay for this work. Keep check until you are confident enough that your home is in proper condition. Mistake #8: Rushing to Put in an Offer Yes in a hot market, it may be necessary to make an offer quickly if you find right home. You can make a quick decision but you need to make sure that home will be right for you. Do not rush to put an offer if you find your dream home. Don't neglect home inspection, make sure the neighbourhood feels safe at night and during the day as well. Take the time to compare that property is really worth and offer an appropriate price.

6. Thank You You can also check out are related article How to avoid the most common mistakes while buying a home? Top 10 Home Renovation Tips in Your Budget Buying a Home After Retirement? : 3 Things to Consider Read More