6 MISTAKES TO AVOID
1. Not Hiring a Buyer’s Agent
Some home buyers believe it’s better to work with the listing agent directly hoping they’ll get a better deal than if they hire a buyer’s agent. Listing agents are contractually bound to act in the best interest of their seller, not the buyer. A buyer’s agent looks out for your best interests. They will show you homes that fit your specifications and steer you away from homes that don’t. A buyer’s agent will be familiar with local real estate market values and can negotiate a fair offer for the home. They, along with your attorney, will also help you navigate through all the legal paperwork involved in purchasing a home.
2. Not Getting Pre-Approved for a Mortgage
Looking around for a new home when you have no idea how much money you’ll be able to borrow is setting yourself up for failure and disappointment. Obtain a mortgage pre-approval before going into any open house. This will make sure that you don’t fall in love with a home that you can’t afford or aren’t prepared to make an offer on. Your buyer’s agent will strongly recommend that you obtain a pre-approval from a broker who will back you up throughout the entire buying process. In the meantime, you can use our Home Buyer Budget Worksheet to give yourself a reasonable idea of how much you’d like to spend on a home.
More in the link below:
https://northofbostonlifestyleguide.com/common-house-hunting-mistakes-buyers-make/