1
Going it alone or thinking sellers are the enemy. Find a good Realtor®, one you click with. When in negotiations, be ready with your limits & stay calm.
2
Not getting pre-qualified for a mortgage. Pre-qualification helps you determine what you can afford, and the letter will reassure sellers.
3
Maxing out your payment capabilities. Often, the amount you pre-qualify for is more than a comfortable monthly payment. Budget.
4
Breezing through the fine print. Know your deadlines and responsibilities. READ and ask for explanations. Contracts are binding.
5
Letting emotions control decisions. Find “the one” but keep emotions in check and don’t overspend. Stay within your comfort range.
6
Getting additional loans before the deal is closed. Don’t buy furniture, appliances, or a new car. Resist opening store credit or a new credit card.
7
Failing to consider additional expenses. Don’t forget to budget for closing costs, utilities, taxes, insurance, home maintenance, and repairs.
8
Assuming down payments are 20%. Down payments can range from 0-20% or more, depending on the loan terms. Down payment assistance is possible.
9
Skipping home inspections. A professional inspection can uncover any potential issues like plumbing, electrical , HVAC, or roof
10
Not preparing for the current market. Multiple offers, fast-paced, over appraisal vs slow, or lots of homes for sale.
Think of a Realtor® as an educator who provides information, advice, problem solving, & helps you look at the big picture.