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#456144 - 01/04/17 09:40 AM 5 Costly Mistakes Home Buyers Make.
excellhomes Offline
Member

Registered: 12/13/16
Posts: 10
Loc: Toronto
[b]Mistake #1 Not knowing what they can afford before making an offer.[/b]
The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.

[b]Mistake #2 Not knowing who the agent represents.[/b]
Unless an agent is working as your buyer representative, they represent the seller. Many people don't realize this.

[b]Mistake #3 Choosing the wrong mortgage.[/b]
A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage.

[b]Mistake #4 Not finding problems with the home before buying it.[/b]
You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on. Read this guide to avoiding a money pit.

[b]Mistake #5 Not understanding how their credit can impact their ability to purchase or refinance a home.[/b]
Get a mortgage professional to help you go over and prepare your credit file before you buy a home.

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#456148 - 01/04/17 11:00 AM Re: 5 Costly Mistakes Home Buyers Make. [Re: excellhomes]
Said Salameh Offline
Junior Member

Registered: 12/27/16
Posts: 5
Loc: Ontario
Mostly buyers don't investigate much that's why costs rise up some times.

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