When youre looking for real estate & homes for sale in Laval and other great residential cities, its quite easy to make mistakes during the whole process. The problem with these mistakes is that buying a house involves a great deal of money, and mistakes can severely affect your financial situation. You may end up with an unsuitable house or a home that you cant actually afford.
8 Home Buyer Mistakes You Need to Avoid
Here are some of the more common mistakes people commit regularly when theyre trying to buy a home:
Neglecting to research the neighborhood.
Most listings tend to feature the home itself, but youre not just buying a house. Youre contemplating a new life for yourself and for your family, and that life will be significantly affected by the neighborhood you will live in. So if you have kids, you need to make sure that there are great schools in the area. You need to consider the commute to your workplace, as well as the safety of your neighborhood for your family.
When you view a home, you may be entranced by how great the inside of the house looks. But you need to understand that youre not really buying the things inside the house. Youre just buying the house itself, and youll have to decorate and furnish your home yourself. So when youre looking about, you need to also check out the square footage and the floor plan. Imagine the place with your own furnishings, and check that they will fit.
Not visiting the property.
The Internet allows people to see the house remotely through virtual tours, but thats not enough. You have to walk through the home yourself to get a more accurate feel.
No expert inspection.
In addition, its imperative you get an inspector to look over the house with a more expert eye. The inspector can then find all the issues with the house that you will need to deal with and fix. The inspection will give you an idea of how much more you will need to spend to fix the house after you buy it.
Visiting the house only once.
This is also a mistake, because a house in the morning can look very different during the night, or at weekends. A single visit may also indicate that youre hurrying the buying process, and thats not always a good idea. Its really not a good idea to buy a home on a whim or because of emotional reasons.
Trusting everything in the ad.
Real estate vocabulary may not be quite as accurate as you may hope, and the lingo may even be deceptive. You need to check the ad for facts, and not for flowery descriptive phrases. Some terms can signify more dire meanings. If the ad says the house is for sale as is, then it will probably need extensive repairs. A house thats described as cozy actually means its small.
Not getting pre-approved for a mortgage.
Getting pre-approval means youre utterly serious about buying a house. Lots of sellers hate time-wasters, and many of them may only deal with people with mortgage pre-approval. Also, a pre- approval gives you a definite idea of what kind of mortgage you can get.
Trusting real estate agents too much.
Unless you hire a real estate buyer, these agents actually work for the sellers. So you need to consider them as salespeople, and not advocates making sure that you get the right house you want and need.
Its easy to make mistakes when buying a house. At least avoid these common mistakes, and hopefully you may have a better experience. You just may end up with your ideal house with a great neighborhood, at a price you can afford.
These are the home buyer mistakes you need to avoid. Are you making them?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.