Home Buying Mistakes And How To Avoid Them
What are the most common home-buying mistakes?
First, you should work with a REALTOR®, a professional who will guide you through the process and help you avoid these pitfalls:
- Not knowing how much house you can afford. Mortgage calculators are available online. Be sure to factor in such items as property taxes, maintenance and insurance.
- Not shopping for loan options. You need to know your credit score, get pre-qualified and pre-approved.
- Not including mortgage financing and professional inspection contingencies in the contract. The mortgage financing clause saves you if the home doesn’t appraise for the offered price; the inspection clause allows you to negotiate (or cancel the deal) if an inspector finds problems.
- Falling in love with a house without considering all the facts, such as structural flaws, location, neighborhood and potential for resale.
If you have any questions, or need capable and trustworthy representation, please call me at 603-644-2227 or if you'd like to work with a seasoned Manchester NH Realtor, visit my website at https://moehomes.com.
Moe Archambault