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Typical Buyers Mistakes and Preventions

Mistake

Not knowing how much they can afford to pay for a house before they make an offer.

  Prevention

Get pre-qualified for a mortgage from a Lender, so you know in advance exactly how much you can afford.

Mistake

Not realizing that the wrong mortgage can cost thousands of dollars in unnecessary interest and taxes.

Prevention

Consulting with a mortgage consultant, accountant, and/or financial planner before making a final decision on which mortgage to choose. CPAs can tell you the long-term effects on your income.

Mistake

Not discovering hidden defects before buying a home.

Prevention

Hiring a professional to conduct a pre-purchase home inspection.

Mistake

Not finding out in advance whom the real estate agent represents.

Prevention

Asking your Realtor.  Most people think their agent is working for them.  But unless the agent is working as your buyer representative, he/she represents the seller.

Mistake

Not knowing how debt can affect their ability to buy or refinance a home.

Prevention

Asking your mortgage professional to help you review and repair your credit file in advance.

• A knowledgeable Realtor can save you endless amounts of time, money, and frustration.

• A knowledgeable Realtor knows the housing market inside and out and can help you avoid the “wild goose

chase.”

• A knowledgeable Realtor can help you with any home, even if it is listed elsewhere or if it is being sold directly by the owner.

• A knowledgeable Realtor knows the best
lenders in the area and can help you understand the importance of being pre-approved for a mortgage. He or she can also discuss down payments, closing costs, and monthly payment options that suit you.

• A knowledgeable Realtor is an excellent source for both general and specific information about the community such as schools, churches, shopping, and transportation—plus tips on home inspections and pricing.

• A knowledgeable Realtor is experienced at presenting your offer to the seller and can help you through the process of negotiating the best price. By bring objectivity to the buying transaction, he or she can point out the advantages and the disadvantages of a particular property.

And the best thing about your Realtor is that all this help normally won’t cost you a cent. Generally speaking, the seller pays the commission to the Realtor (but this may vary from province to province and state to state).

A licensed real estate professional provides much more than the service of helping you find your ideal home. Realtors® are expert negotiators with other agents, seasoned financial advisors with customers, and superb navigators around the local neighborhood. They are members of the National Association of Realtors® (NAR) and must abide by a Code of Ethics and Standards of Practice enforced by the NAR. A professional Realtor is your best resource when buying your home.

Reasons to Let a Realtor
Be Your Guide...

(904) 463-0292