4 home buying mistakes (I won't let you make)

4 Buyer Mistakes I Won't Let You Make

There’s a difference between working with a realtor who has your best interests in mind, and a realtor who is only looking to make a sale. The fact of the matter is, there are many buyer mistakes that can occur along the way—but as your realtor I will use my tenure and extensive knowledge of the real estate industry to guide you to making decisions that are in your best interest. Below are 4 buyer mistakes that I won’t let you make.

Mistake #1 Forgetting To Ask The Right Questions

The primary goal for most prospective homeowners is to stop throwing away their hard-earned money paying rent to someone else each and every month, and instead to invest their money in a home that is all their own. While this is a logical goal, it sometimes blinds clients from some of the pertinent questions that they need to ask themselves before buying a home. Questions such as:

·      Is this the area you want to live in long-term?

·      Where do you see yourself personally and professionally in 5 years? In 10 years?

·      How close do you need to be from work, school, and places you frequent on a weekly and monthly basis?

Mistake #2 Attention To Details

Signing on the dotted line is an exciting accomplishment. However, the excitement to close the deal sometimes leaves prospective homeowners ignoring details such as the line items on the disclosures, inspections, and the vast array of loan documents. As your relator we will set up the time to talk through the details so you do not commit to a home, or to an offer that does not meet your needs.

Mistake #3 Financial Pitfalls

When house hunting, it is essential to take into consideration any items that will change your financial standing. This includes accepting a new job, buying a new car, an increase in credit card or other debts, and even paying utility bills late. While these may seem like everyday items, making changes to these items while house hunting can have a drastic change on your eligibility for a loan. Not to mention that they can take a long time to bounce back from.

Mistake #4 Procrastination

While rushing into a decision is not the way to go when house hunting, procrastinating can equally be of concern. This could be anything from dragging your feet when filling out required documents, or waiting so long to make an offer that someone else buys the home.

As your realtor I will do more than help you find the home of your dreams, I will advocate for you and coach you through the buying process to make sure that you avoid the 4 buyer mistakes above!

Real Estate Checklist for Smart Home Buying: 20 Do’s and Don’ts


Always use a proven local real estate agent to represent you in your purchase. A top local agent provides extremely valuable advice and service at no cost to the buyer.


• Ask everybody for his or her opinion
• Buy during hot markets (i.e. spring)
• Get involved in crazy multiple offers
• Buy a home with foundation problems
• Buy a home with “major unfixable negatives”
• Do significant remodeling while living there
• Over-analyze
• Think of your home as just an investment
• Expect perfection


• Have your cash and loan approval in place
• Go online to educate yourself
• Go to open houses to educate yourself
• Buy properties that have been on the market for a long time
• Buy during the slow “seasons”: Typically just before Thanksgiving to just after New Year and the entire month of August (families are on vacation)
• “Go for it” if a home “comes close” to your needs
• Buy the best location you can afford
• Have thorough inspections
• Assume remodeling costs will be 1.5 times your best estimates
• Assume your remodeling time will be twice as long as scheduled
• Plan to own the house at least 3-5 years to net a profit from sale

These Do’s and Don’ts are great for smart home buying, but smartest of all is finding the right agent.

The Questions You Must Ask Prior to Choosing an Offer Price on a Home


In today's interconnected world, complete with the Internet and mobile phones, finding information about potential homes that you would like to own is actually at your fingertips. The difficulty is that, instead of there being not enough information, you can actually go into overload looking at all of the comparables, information on neighborhoods and schools, not to mention available mortgage rates that you may or may not qualify for. The biggest decision, however, is making that final choice to actually buy a home, a financial commitment that is absolutely enormous. To help you out, here are five easy questions that you should ask yourself to help you deal with all of the information, and also to help you make the right decision when purchasing a piece of real estate.

What Is the Quality of the Home?

More than likely, you will be able to get a better deal on homes that need a little bit of work. When talking with your mortgage broker, they will provide you with several options in regard to financing. If it is in great condition, then regular financing will probably not be a problem. However, if it does need some work, the way to buy is to have a sizable amount of cash to work with; or get a rehabilitation loan with a large down payment. It all depends upon your finances, how much money you have to work with, and the quality of the home itself when it comes to getting the financing that you need.

Is It Really the Home of Your Dreams?

Many people will see a home either online, or pay a visit to the actual residence, and absolutely fall in love with what they see. You need to make sure that you are not making an emotional decision, one that could actually harm your personal finances as a result of having to pay a sizable mortgage payment. It is important that you always consider how much you can afford prior to making any type of offer. If the offer is out of your range, and out of your budget, then you need to counter offer, making sure to never go after something that could hurt you financially.

Can You Afford It?

In relation to the prior statement, if it truly is the home that you want to spend your remaining years in, or if it is something that you have always dreamed of having, it must fit your budget, or it could become the nightmare that you never wanted. Go over your finances carefully, and try to make sure that it will not cause financial hardship for you and your family. The mortgage broker can work with you trying to find lower rates for financing, or perhaps by making a counter offer, with a larger down payment, you can get the monthly amount to an affordable rate that everyone will be comfortable with. In essence, you don't want what may be the most important investment of your life to actually become the worst mistake that you will ever make.

What Do the Comps Say?

One of your best friends, when it comes to making offers, is to look at recent or similar housing comps in order to determine a final price. The seller may want a certain amount for the property, and may not be comfortable with a lower amount, until they understand that houses that are similar to theirs are actually going for a lower price. Using all of the information in the comps, including size of the home, number of bedrooms, bathrooms, and available living space, you can make a good case for the amount that you are offering. In the end, this will help you secure a lower purchase price, and a more affordable mortgage payment that will allow you to stay within your budget and also get the home that you actually want.

Is There Competition for the Home?

Make sure you hire are dealing with at a realtor who will tell you if there is a lot of competition for the home at which you are looking. A good realtor will know the market and will know if the listing agent is being honest about the competition for the home.  You can use this to your advantage, especially if you are dealing with a property that is not in the best location and that needs a little work. If the competition is not that fierce, you can make an offer that is much lower than the asking price, hedging your bet on the seller fearing that your offer may be the only one.