We know that home buying can be a confusing process, so being prepared and doing proper planning is very important. In today's blog we will address five common mistakes that people make when buying a new home.
1. Not budgeting for everything: There are so many added costs in addition to the house costs, such as furniture and appliances, DIY projects, moving fees, and DON'T forget, your first mortgage payment!
2. Neglecting your credit score: Your credit score is going to be very important in the home buying process. As a home buyer, you should obtain your credit report ahead of time and fix any errors before sending it out to lenders. Many times credit reports contain errors and it will be crucial for you to find and fix those.
3. Trusting verbal agreements: A home seller can verbablly accept your bid and still give it to someone else with a higher bid. Always make sure you have signed paperwork!
4. Skipping the home inspection: It is crucial to hire an inspector to take a look around the house and make sure everything looks good. You can't expect the seller to tell you about any problems there may be and their may be issues they aren't even aware of. It is the job of the inspector to examine the foundation and structural features of a house.
5. Sweating the small things: Don't sweat the small things, such as the color of a house or the kitchen layout. Focus on the location and the structure of the house and once you move in, you can change the small things to make your house into your home!
These tips courtesy of the Century21 Real Estate Blog - https://www.century21.com/real-estate-blog/dont-make-these-5-common-home-buying-mistakes/