Falvey Real Estate Blog

The Top 5 Mistakes People Make When Buying a Home

Falvey Real Estate Group - Tuesday, May 03, 2016

Buying a home is a process that requires a lot of time and effort, but the end result can be completely worth it! When you buy a house, you need to remember that it’s going to be your home – where you live. Therefore, you need to ensure that you are making the right decision and choosing the right house.

Sometimes, people purchase homes that they later find out need work done on them to be livable, or maybe they realize the surrounding neighborhood isn’t ideal for their situation. Whatever the case may be, it’s imperative that you avoid making these five mistakes:

  • Failing to research agents. Before you choose an agent, make sure you do your research. Get recommendations from friends/relatives, and do a few Google searches. Additionally, it is best to avoid sharing an agent with the seller, as he or she may not have your best interest, as the buyer, in mind.
  • Skimping where it matters. There’s nothing wrong with getting a great deal on a home, but don’t skimp too much or you could wind up with a home that is unlivable. Considering foreclosures is obviously OK, but make sure you know what kind of work, if any, the home will need. Which brings us to our next point…
  • No home inspection. This is probably one of the bigger mistakes you can make. Sometimes people don’t want to put the time and money into having an inspection done. In reality, a little time and money now will save you a lot of headaches in the future. This is ESPECIALLY important when buying a foreclosed home or a “fixer-upper.”
  • Failing to be aware of your credit status beforehand. Wouldn’t you hate to go through the entire process, from looking at houses to inspections to making offers, to then find out your credit is not up to par? This is why it is extremely important to check your credit status BEFORE you begin searching for a house to buy.
  • Not considering the neighborhood. You may have found the perfect home, but have you looked into its location? Is the surrounding neighborhood ideal for your current situation and/or future plans?

If you’re interested in purchasing a new home, contact the experts at Falvey Real Estate Group today to get started!