When it comes to the homebuying process, searching for homes is probably the most exciting step. You get to see a variety of options and tour neighborhoods. However, the home search can also be tricky to navigate. When done incorrectly, it can pose major problems for you.
To help you find the right home, here are the most common house-hunting mistakes you should avoid.
Not having mortgage pre-approval
In a hot housing market, it helps to be pre-approved. Sellers and their agents are more likely to take your offers seriously if you have a lender’s backing.
Since a mortgage pre-approval lets you know the specific amount of money you can borrow, it will also help you narrow down your options to homes you can afford.
Not looking at other homes
Many aspiring homeowners make the mistake of buying the very first home they encounter. As a result, they miss out on better deals and better properties.Unless the first home you see fits your criteria to a T, the general rule in shopping for a home is to collect and select. There are a plethora of things to consider when buying a home, so weigh your options carefully.
Not looking at properties objectively
Another mistake that aspiring homeowners often make is not being objective when looking at properties for sale. This includes overlooking important flaws just because they like a house’s paint job or ignoring code violations because it’s being sold at a low price.It helps to carry a list of must-haves and questions to ask when looking at homes for sale. This way, you can look at the bigger picture instead of viewing listings through rose-tinted lenses.
Taking too long to decide
While it is important to take your time and think about your options carefully, you should also remember that time is ticking. This is especially the case in today’s market where buyers outnumber available homes in the market. If the home meets your standards and is within your price range, don’t delay.
Not attending inspections and walkthroughs
Inspections and walkthroughs are some of the most important things you need to do when buying a home. These two things allow you to see the property firsthand, flaws and all.
Skipping these steps can put you at risk for serious trouble such as accidents and costly emergency repairs in the future.
Not working with an agent
Going solo and foregoing a real estate expert’s help is an interesting and tempting proposition when buying a house. Unfortunately, this can expose you to more complications.
Whether you’re a first-time or experienced buyer, always seek the help of a local real estate agent. They will help you learn more about the market, explore promising listings, spot potential issues, and negotiate for great deals.
Homebuying in North Central Washington
If you feel like you’re ready to take the next step towards purchasing a home in Wenatchee, Lake Chelan, Leavenworth, or Cashmere, call Coldwell Banker Cascade Real Estate for assistance. Call us at 509.888.8887
or send us an email at info(at)cbcascade(dotted)com>.