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01-20-2010, 04:22 AM #1
Banned
- Join Date
- Jul 2009
- Posts
- 215
Home Buyer Mistakes and Ways to Prevent Them
To prevent entanglements in home buying, search for a good real estate agent or lender that could lead to the proper mortgage responsibilities. Browse the World Wide Web, leaf through the yellow pages, or ask referrals from your kin and friends. Once you have secured your real estate agent or lender, ask away. It is better to know the crucial details beforehand before leaping into a home purchase process. As long as you ask, you will be more informed and confident to make the right decisions.
Neglecting to make an offer attractive to sellers
Another thing that some home buyers forget to do, they make their offers appealing to the sellers. A good offer is a good way to draw in a home seller's interest so that you can score your ideal home away from the competition. Keep in mind that you are not the only one who is interested in buying that particular property.
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01-20-2010, 08:16 AM #2
Fixer Upper
- Join Date
- Jan 2010
- Posts
- 24
hey good post to share and point out the general mistakes of home buyers and ways to prevent them.
add some more mistakes generally done by buyers :-
- Not being aware of mortgage
- Find a home without pre-qualification and pre-approval
- Not shopping around for the best lender
- Buying a home without home inspection
- Making verbal statements
- Signing documents without checking
- Not getting a Good Faith Estimate
- The rate-lock is not made in writing
- Lock in at low interest rates
- Use an agent who represents both buyer and seller
- Terminating the lease on the date of closing
- Shopping for home insurance just before closing
thanks.
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That's a nice article. Doing a lot of research is so significant when you have plans to buy a new house. It helps you to become aware on the home buying process and to be more secured that you get the best deal for your new home.
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02-16-2010, 02:36 AM #4
PEZA fort bonifacio
Great tips! Thanks for sharing those tips with us. It really helps those first time home buyer and how they avoid having mistakes.
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02-16-2010, 04:15 AM #5
Fixer Upper
- Join Date
- Jan 2010
- Posts
- 54
Finding the right agents are also the one of the hard part of buying a house. We must be scrutinize every details like what we are doing when finding the best home. You know when you are just being offered a good deal, then we just grab it right after. Here's another mistakes:
1. Most of the home buyers do little research or inspection before they invest.That's all.
2. Price consideration shouldn't be the buyers main target. It should be the property itself.
3. The basic mistake done by the buyers is not viewing the houses that are listed in the
market for sale.
4. Another kind of mistake done by the buyer is making budget as the main objective of the
house purchase.
5. The buyers did mistakes in selecting competent real estate professional.
6. Buyers usually do not make their home purchase flexible.
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02-18-2010, 11:23 AM #6
Fixer Upper
- Join Date
- Feb 2010
- Posts
- 15
great tips!
definitely will help me restrategize the next few meetings to see how they pan out.
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03-05-2010, 05:20 AM #7
Fixer Upper
- Join Date
- Feb 2010
- Posts
- 82
That was brilliant !!! Those tips is the best guide especially to buyers. At least they can get a background or an idea on what to do. Your the best
Feel free to check out my website containing California listings, Mortgage Calculator, Up to Date News and Much more if you have time, Thanks
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02-28-2011, 10:46 PM #8
Renter
- Join Date
- Feb 2011
- Posts
- 7
Thanks for posting this favorable tips in buying the right house, I could certainly use it when I decided to own a house for myself.. Wouldn't want to occupy a house that would only disappoint me in the end...
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