Deadly Buyer Mistakes
Now that I have caught your attention, take a look at this. Ten (10) deadly mistakes, that BUYERS make.
Protect yourself, from these common pitfalls...
1. Making an offer on a home without being prequalified.
2. Not having a home inspection.
3. Limiting our search to open houses, ads or the Internet.
4. Choosing a Real Estate Agent who is not committed to forming a strong business relationship with you.
5. Thinking there is only one perfect house out there.
6. Not considering long-term needs.
7. Not examining insurance issues.
8. Not buying a home protection plan.
9. Not knowing total costs involved.
10. Not following through on due diligence.
Let's take a look at these, in a bit of detail:
1. Prequalification will make your life easier - so take the time to speak with a lender. Their specific questions in regard to income, debt, etc, will help you determine the price range you can afford. It is an important step on the path to home ownership.
2. Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.
3. Many homes listed in magazines or on the Internet have already been sold. Your best course of action is to contact a Realtor. They have up-to-date information that is unavailable to the general public and are the best resource to help you find the home you want.
4. Making connection with the right Realtor is crucial. Choose a professional who is dedicated to serving your needs-before, during and after the sale.
5. Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your Realtor for a comparative market analysis. This compares similar homes that have recently sold, or are still for sale.
6. It is important to think ahead. Will the home suit your needs 3-5 years from now?
7. Purchase adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.
8. This is essentially a mini insurance policy that usually lasts one year from the close of escrow. It usually covers basic repairs you may encounter and can be purchased for a nominal fee. Talk to your agent to help you find the protection plan you need.
9. Early in the buying process, ask your Realtor or lender for an estimate of closing costs. Title company and attorney fees should be considered. Pre-pay responsibilities such as Homeowner Association fees and insurance must also be taken into account. Remember to examine your settlement statement prior to closing.
10. Buyers should make a list of any concerns they have relating to issues such as crime rates, schools, power lines, neighbours, environmental conditions, etc. Ask the important questions before you make an offer on a home. Be diligent so that you can have confidence in your purchase.
"OH, BY THE WAY... Whenever you come across people who are thinking about buying or selling a home and who would appreciate the kind of service I offer, I'd love to help them. So, as these people come to mind, just give me a call with their name and business phone number. I'll be happy to follow up and take care of them."
Protect yourself, from these common pitfalls...
1. Making an offer on a home without being prequalified.
2. Not having a home inspection.
3. Limiting our search to open houses, ads or the Internet.
4. Choosing a Real Estate Agent who is not committed to forming a strong business relationship with you.
5. Thinking there is only one perfect house out there.
6. Not considering long-term needs.
7. Not examining insurance issues.
8. Not buying a home protection plan.
9. Not knowing total costs involved.
10. Not following through on due diligence.
Let's take a look at these, in a bit of detail:
1. Prequalification will make your life easier - so take the time to speak with a lender. Their specific questions in regard to income, debt, etc, will help you determine the price range you can afford. It is an important step on the path to home ownership.
2. Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.
3. Many homes listed in magazines or on the Internet have already been sold. Your best course of action is to contact a Realtor. They have up-to-date information that is unavailable to the general public and are the best resource to help you find the home you want.
4. Making connection with the right Realtor is crucial. Choose a professional who is dedicated to serving your needs-before, during and after the sale.
5. Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your Realtor for a comparative market analysis. This compares similar homes that have recently sold, or are still for sale.
6. It is important to think ahead. Will the home suit your needs 3-5 years from now?
7. Purchase adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.
8. This is essentially a mini insurance policy that usually lasts one year from the close of escrow. It usually covers basic repairs you may encounter and can be purchased for a nominal fee. Talk to your agent to help you find the protection plan you need.
9. Early in the buying process, ask your Realtor or lender for an estimate of closing costs. Title company and attorney fees should be considered. Pre-pay responsibilities such as Homeowner Association fees and insurance must also be taken into account. Remember to examine your settlement statement prior to closing.
10. Buyers should make a list of any concerns they have relating to issues such as crime rates, schools, power lines, neighbours, environmental conditions, etc. Ask the important questions before you make an offer on a home. Be diligent so that you can have confidence in your purchase.
"OH, BY THE WAY... Whenever you come across people who are thinking about buying or selling a home and who would appreciate the kind of service I offer, I'd love to help them. So, as these people come to mind, just give me a call with their name and business phone number. I'll be happy to follow up and take care of them."
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