Avoid These Pitfalls

Protect Yourself (Avoid these pitfalls when buying a home)
Making an offer on a home without being pre-qualified
Being pre-qualified will make your life easier — so take the time to speak with a bank or mortgage representative. Their specific questions in regards to income, debt, etc, will help you determine the price range you can afford. It is an important step on the path to home ownership.
Not having a Home inspection
Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers can overlook.
Limiting your search to Open Houses, ads or the internet
Many homes listed in magazines or on the internet have already been sold. Your best course of action is to contact a REALTOR®. They are your best resource for up to date information regarding the home you want.
Choosing a Real Estate Agent who is not committed to forming a strong business relationship with you
Making a connection with the right REALTOR® is crucial. Choose a professional who is dedicated to serving your needs — before, during, and after the sale.
Thinking there is only one perfect house out there
Buying a home is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities.
Not considering long term needs
It is important to think ahead. Will the home suit your needs 3-5 years from now?
Not examining insurance issues
Purchase adequate home owner insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.
Not knowing total costs involved
Early in the buying process ask your REALTOR® or mortgage representative for an estimate of closing costs. Title insurance and lawyer fees should be considered and many pre-pay responsibilities like property taxes and fuel adjustments must also be taken into account.