Here are some of the most common mistakes that a homebuyer can make. It’s a good idea to become familiar with this list before starting the process of buying a home.
- Co-signing someone else’s loan
- Not knowing your own credit score
- Not understanding how your credit score impacts your ability to purchase a home
- Not getting fully approved before home shopping
- Looking for homes without a recent loan approval letter, because rates can change quickly
- Using a lender with rates that are too good to be true
- Telling everyone that you will soon be buying a new home
- Working with more than one real estate agent (each person involved lengthens the process)
- Not discussing honestly with your agent what you need and want in a home
- Using an agent who is working as a dual agent
- Believing that you must visit every available property before making an offer
- Waiting to long to make an offer
- Deciding that you can’t find the perfect home on your first day of looking
- While in the process of buying a home, making a large purchase such as a car
- Attending a new construction or “for sale by owner” visit without a real estate agent
- Submitting an unrealistically low offer on a home with the hopes of getting a great bargain
- Skipping the home inspection step
- Using an attorney who is not specializing in real estate transactions
- Operating on too much emotion rather than remembering that home buying is a business deal
- Showing too much emotion to the seller and revealing your eagerness to buy at all costs
- Being unaware of CLUE reports (comprehensive loss and underwriting exchange)
- Thinking that Carlton Sheets’ methods work in a hot real estate market
We’re happy to elaborate on any of these major home buying mistakes,
so contact us with any questions at info@hummerhomes.com.
“As a real estate professional, I provide all the available information to my clients so they can make the most informed and educated decisions when buying a home.”
- Cindy Jasper, Broker, ABR, CSP |
