5 Common Mistakes When Buying a New Home

When buying a new home it is easy to overlook pertinent information or important steps in the purchase of your new home. The excitement of purchasing a home can sometimes distract you from the important aspects of home buying process.We are here to assist you in making sure you make the best decisions for a smooth home purchase! Here are 5 common mistakes that are made by home buyers:

1. Making an offer on a home before prequalification.

Being prequalified will make the buying process and your life much easier when making an offer on the home of your dreams. Take the time to speak with a lender before you jump into an offer. Specific questions a lender will ask in regards to income, debt, lifestyle etc. will help determine the price range you are able to afford. It is best to talk with several different lenders to insure you are applying for the loan that is right for you.

2. Not having a home inspection.

We all want to save money today, but making the mistake of not having your dream home inspected now can cost you tomorrow. Qualified home inspections will detect issues that many buyers can overlook, especially when it is your first home. Ask your real estate agent for a referral if you are unsure of who to turn to for a proper home inspection.

3. Limiting your search to  the internet.

When searching for your dream home on the internet, many times homes have been sold or are under contract and the home listing information has not yet been updated. The best way to view active listings and up to date information is through a real estate agent. Real estate agents will have the most recent information and will help you find the home that suits you best. There can also be home listings that are not available to the general public; a local real estate agent is the best source to finding your dream home!

4. Choosing the wrong real estate agent.

Making the right connection with a real estate agent is crucial. It is important to interview different agents (Click here for tips on interviewing agents) to make sure you are hiring an agent that puts your needs before, during, and after the sale. Building a strong relationship with your real estate agent will make the process of buying a home easier for you, if they know what your needs and wants are, they will strive to fulfill!

5. Thinking there is only one dream home out there for you.

The process of buying a home is process of elimination, not selection. The market is growing daily, make sure to keep an open mind to new property listings throughout the buying process. Be sure to ask your real estate agent for a comparative market analysis (CMA) comparing recently sold homes or homes still on the market to the home you are interested in purchasing. (Click here to learn more about CMA) Keep in mind that every home might have a slight flaw and might not match up to your needs and want list, compromise is key, you may need to adjust your list to insure you have you needs met instead of all of your wants.

It is important to not make these most common mistakes when you feel you are ready to make an offer on your dream home in Anacortes or Skagit County. We are committed to serving you, we are here to answer any questions or concerns you may have when making an offer on a home! Let us show you the difference that 5 star service can make in a real estate transaction!

809 7th St Anacortes, WA - (360) 941-3734