- Doing Your Sums
Before you start looking for a home, it is important to know how much you can afford, how much loan you can get, and how much down payment and other expenses you will need.
- Expecting to Get Everything You Want in a Home
While it is important that you get a home that has most of what you want and need, do not expect to get everything you want because you could prolong the process.
- Not Hiring a Professional Inspector
Before you purchase a home, have it inspected by a professional for any problems that could end up costing money down the road if they are not repaired before you make the purchase.
- Not Researching the Neighborhood
Make sure the neighborhood fits your personality and lifestyles before you purchase. Do your research thoroughly, such as finding out if there are noisy neighbors and if it has the shopping and other establishments you need close-by.
- Not Thinking About the Resale Value of the Home
Although your main goal right now is to purchase the home, do not ignore the resale value of the home so you know what to expect when you’re ready to sell.
- Buying the Wrong Type o House for Your Family
If there’s something you “must-have” in a home, do not settle until you find it. Otherwise, you and your family could end up unhappy and looking to sell it sooner than you thought.
- Buying the First House You See
You may become excited once you see a house that you really like as soon as you start looking, but before you pull the trigger, be sure to at least view a few other homes to make sure there’s not something even better.
- Being Too Indecisive
On the other hand, don’t take too long to find a home. Being indecisive could cost you a lot of time, which could lead to you missing out on a home that would’ve been a great fit for you.
- Choosing the Wrong Real Estate Agent
When hiring an agent, be sure that the agent is experienced in selling homes in the specific area, and within the price range suitable to your situation. Otherwise, the agent won’t be qualified to help you.
- Not hiring an Real Estate Agent at All
You may think you don’t need an agent, but if you want to avoid some of the major pitfalls that come with purchasing a home all on your own, it would be in your best interest to hire a professional agent to help.