Making a decision to buy a home is a big decision. And with
that there are a lot of things you have to watch out for. It’s very easy to get
caught up in doing the wrong thing to get that house you really want. So let’s
jump right in.
1)
Not shopping around enough for the right mortgage.
Don’t sell yourself short. Talk to a lot of lenders. What
happens often is that home buyers talk to realtors and they get excited about
moving into their dream home and they jump on the first mortgage offer they get
approved of and end out missing out on the best deal. Now more than ever, you
can get amazing interest rates – and ultimately more afforadable. Make sure you
shop around.
2)
Not acting quick enough.
We call this analysis paralysis. This does not mean to jump
in without doing your due diligence. After you’ve done your homework and
pre-qualified for your loan, and the proper financing isin place and your ready
to make the purchase. When you find the one, you want to move to quick. Write
the offer and seal the deal. If it’s good to you its good to someone else – don’t
lose it.
3)
You must have the right agent
The bottom line is that you need an agent who will fight for
you and look in your best interest across the board – and get you the best deal
possible. So make sure when you go to buy a home you have the an agent that has
experience, knowledge, and personal strength to go out a fight for you to get
you the best price, the best terms and best house.
4)
Not making your offer attractive enough.
Many people when they buy a home forget about that the
seller is also looking for the best deal and gets approached by many other
buyers. Some things that could make your deal more attractive is putting more
money down, shorter escrow periods, being flexible and less request. So think
about the side of the seller and their bottom line.
5)
Think with the end in mind – The resell.
Most buyers again, get overly excited about buying the home
they forget about when they are ready to move out for a new home. An average home
buyer stays in the property for only four years. So what does that mean for
you? How do you position yourself to be able to resell at an equitable value?
With that, Team Sohail always has your back. If you have any
questions email us at info@teamsohail.com
or call 609-516-4138
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