Avoid these common errors in today’s home buying market.
Buying a property is supposed to be the American dream, but it can quickly turn into a nightmare for buyers who go into the process unprepared or with unrealistic expectations. There are many hurdles that a homebuyer needs to clear before getting the keys to their dream home. To help you avoid common pitfalls during the home buying process, read on.
Failing to get pre-approved. Buyers should get pre-approved for a mortgage before they even start looking at homes. Doing so will give you a better idea of how much house you can afford, and it helps to make you stand out as a serious buyer to home sellers. Avoid heartbreak by getting pre-approved before falling in love with a property that is out of your realistic budget.
Visiting the property only once. You may have fallen in love at first sight, but it’s always worth revisiting the home before buying it. A single showing will only tell you so much about a home. If you first saw the property first thing in the morning, aim to see it in the late afternoon/evening to make sure you still feel the same way about it. This avoids situations in which you move in only to realize that the walls are paper-thin or the streets are gridlocked in rush hour traffic.
Not shopping for the best home loan. Getting a mortgage isn’t as simple as going online and selecting the first lender you see. For the best deal, homebuyers should check with at least two or three lenders for their rates and terms. Make sure to read the fine print before agreeing to anything. When you’re looking for the right mortgage, Andraya Coulter can help.
When you’re looking to buy a property and fund your dream home, contact Andraya Coulter. I serve the Bay Area and the entire state of California and Texas with quality, suitable home loans!