Common Mistakes of First-time Homebuyers
September 25, 2014
So you’re about to buy your first home, and wanting to make sure it’s a good investment. Hopefully you’ve got friends and family pouring their house-buying wisdom into you. But if not, here are a few common mistakes that homebuyers make the first time around the block. Avoid these, and you’ll be on the right track to calling your Orange County movers to set up your move.
1. Not getting pre-qualified. Being able to walk into a house knowing that you’re pre-qualified from a bank make a huge difference when it comes to getting the house of your dreams. It will definitely speed up the due diligence process. Failing to get pre-qualified will almost definitely slow you down when it comes to closing on your home. So get pre-qualified, and do it as early as possible. That way, if there are any changes you need to make, like taking care of an outstanding debt, you can improve your credit score and get qualified for a larger amount.
2. Not taking the inspection seriously. Inspections are a serious deal when it comes to buying a home. After all, you could move in and find major issues that costs thousands of dollars down the road. Save yourself some potential grief, and order up a home inspection. Then be sure to walk through with the inspector, ask any questions you have, and ask the buyer to take care of any major issues. If you’ve already got an accepted offer, it can’t hurt to ask for the buyer to take care of inspection issues as well.
3. Not negotiating well. Any good realtor will tell you that great negotiating is an art. On one hand, you don’t want to lead with your emotions and fall in love with any one house too quickly. On the other hand, you don’t want to be totally inflexible either. Be able to both give and take is important when it comes to negotiating prices and terms. And always be ready to walk away if the buyer isn’t willing to meet you part of the way.
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