There are a ton of mistakes that can happen when buying a home for the first time. Here are the three most common.
I wanted to reach out to you today and discuss some bad buying habits I’ve been noticing. It’s typically the first-time homebuyers making these mistakes so if you are one of those buyers or know someone who is, we have some advice to share. Avoid these mistakes at all cost:
1. Not getting pre-approved before looking at homes. It can be tempting to just head right out to a home or start searching online, but know this: if you plan on buying a home with a mortgage, you’re going to need a loan. The only way you will then know what kind of loan (and home) you can afford is by meeting with a lender and getting pre-approved. Skipping this step will only lead to heartache, as you could fall in love with a home that’s way out of your price range without even realizing it.
2. Choosing the wrong lender. We always align ourselves with great local lenders and we want our buyers to do the same. The problem with a national or Internet lender is that if they drop the ball in one area and the closing is delayed, they will end up costing you a lot more than they initially saved you. A respected local lender won’t let your closing get delayed.
3. Choosing the wrong agent. You need someone who is an expert on your specific market. I couldn’t sell homes in Atlanta. I sell homes in Athens because I know exactly how things work here. I’ve been helping people buy and sell homes for years in this market and there is no replacement for that kind of knowledge and experience. You need an agent who can find you homes as soon as they come on the market—sometimes even before they are listed.
If you avoid these mistakes, you’ll be starting off on the right foot and be one step closer to a smooth closing. If you have any questions for me or want to know how we can help you avoid these mistakes and more, give us a call or send us an email. We would love to hear from you.