Mistake #1: Hiring a real estate agent who lacks commitment.

Working with a professional who is committed to serving your needs during all phases of the buying process is critical.

Mistake #2: Only searching for homes on the internet or in the newspaper

Because of the delay in getting to press, homes you see in the newspaper or real estate magazines may have already been sold or removed from the market.  Similarly, internet listings may not be updated on a regular basis.  A real estate professional has access to active listings and current information that may not be available to the general public.

Mistake #3: Believing there is only one perfect house for you.

While you may have a list of “must-haves”, be open to viewing homes in all styles and floor plans.  You may be surprised to find that what you had in mind is not what works best for your family in the long run. Allow me to help in truly finding your wants and needs to put you into the home of your dreams.

Mistake #4: Not keeping your long-term goals in mind.

What situation do you see yourself in five years down the road?  Will you be starting a family? Or maybe enjoying your retirement?  Choose a home that will fit your lifestyle for many years to come.

Mistake #5: Lacking due diligence.

Any concerns or questions you have about the area or the home should be addressed before you place an offer on the property. The better informed you are, the less likely you will suffer from buyer’s remorse.

Mistake #6: Not pre-qualifying for a mortgage.

Not only will it help you present yourself as a serious buyer to a seller, it can also help you determine what price range you can afford.

Mistake #7: Not understanding total costs.

Besides the purchase price of the home, you will incur closing costs as well as possible title fees, attorney fees, insurance, and more.  Your Realtor and lender should be able to provide you with an estimate so you’re not caught off guard on the day of closing.

Mistake #8: Skipping the home inspection.

Don’t cheat yourself by trying to save money.  A home inspector may find problems with the home that you aren’t willing or financially prepared to handle.  An inspection before closing allows you to back out of the sale if an unfavorable situation occurs.

Mistake #9: Not consulting an insurance agent.

An insurance agent should be able to answer any questions regarding necessary coverage and associated costs.  A good example of this would be if you are looking to purchase a home with a swimming pool.  What additional insurance is required for a pool and how much will it cost per year?

Mistake #10: Passing up a home protection plan.

A home protection plan can be purchased by the buyer or the seller and usually covers repairs for one year from the sale of the home.  It can help ease your mind when buying home to know that if, for example, the air conditioning goes out two days after you move in, the costs to repair it will be minimal.  Home protection plans are usually renewable if you choose to extend it past the initial year.