Top Eight Home Buyer Errors & Ways to Avoid them…

Top Eight Home Buyer Errors and Solutions:

Finding your new home is an emotional experience. But more importantly it is a business transaction and it should be treated as such. Three of the most devastating things that can go wrong are:

-Paying too much,

-Losing a dream home to another buyer,

-Purchasing a home that is a wrong fit.

When you have a systematic plan and a professional Realtor helping you in your purchase, you’ll be sure to avoid these costly errors. Make the most of your home purchase, using these helpful tips:

Get the information you need

What price do you offer a seller? Is the seller’s asking price too high/low? Your own research is important, as is the assistance of a professional Realtor® who can offer an unbiased opinion on the value of a home, based on a Comparative Market Assessment (CMA).

Buy your home

What do you need and want in a home? Sounds simple; but clearly identifying your needs puts you in a much better position. What neighborhood in Houston? Outline all of your priorities, and work on finding a great home that fits your lifestyle and pocketbook.

Check the title

Before you sign any document, be sure the property you are considering is free of all encumbrances. As a part of his or her services, a Realtor® can identify how to acquire a copy of the title to ensure there are no liens, debts, undisclosed owners, easements against the title.

Update the survey

A survey done before purchase will indicate boundaries and structural changes (additions to the house, neighbor’s new fence which extends into your boundary line, etc.), and will guarantee that you are indeed getting what you pay for.

Minimize the unexpected

A professional building inspector should conduct a thorough inspection of the home. Their expertise can mean the difference between uncovering major flaws before or after you own a home.

Get pre-approved

Being pre-approved (financially – loan) may give you more buying power as a seller may consider an offer from a pre-approved buyer more seriously.

Remember additional costs

In addition to the cost of the home, you’ll need funds for items such as loan fees, title insurance cost, home insurance, legal fees, surveys, inspections, etc.

Take time to reflect

Before you sign, ensure that all documentation clearly reflects your understanding and conditions of the transaction. Has anything been forgotten? Don’t rush. You could lose money, financing, or even the sale if you attempt to push things through too hastily.