5 Mistakes That Buyers Make
The Mayer-Harman Team • March 10, 2022
Buying a home is a being decision
There is a lot that goes into buying a house, it's a big decision that you shouldn't take lightly. Whether you are a new buyer or an experienced one there are things that you need to know before beginning your search for that perfect home. We here at The Mayer-Harman Team believe in making these decisions easy for our clients and always want to help walk with you through the necessary steps.
Below are some common mistake home buyer have made that could cost you.
Not knowing what they can afford before making an offer.
The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.
Mistake #2
Not knowing who the agent represents.
Unless an agent is working as your buyer representative, they represent the seller. Many people don't realize this.
Mistake #3
Choosing the wrong mortgage.
A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage.
Mistake #4
Not finding problems with the home before buying it.
You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on. Read this guide to avoiding a money pit.
Mistake #5
Not understanding how their credit can impact their ability to purchase or refinance a home.
Get a mortgage professional to help you go over and prepare your credit file before you buy a home.
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