You’ve been saving for awhile, weighing your options, looking around casually. Now you’ve finally decided to do it - you’re ready to buy a house. The process of buying a new home can be incredibly exciting, yet stressful, all at once. Where do you start?
It is essential to learn from the experiences of MLS realtor or other, do some research. Of course, with so many details involved, slip-ups are inevitable. But be careful - learning from your mistakes may prove costly. Read carefully all points of pitfalls as a guide to help you avoid the most common mistakes for buying a home.
1. Searching for houses without getting pre-approved by a lender:
Do not mistake pre-approval by a lender with pre-qualification. Pre-qualification, the first step toward being pre-approved, will point you in the right direction, giving you an idea of the price range of houses you can comfortably afford. Pre-approval, however, means you become a cash buyer, making negotiations with the seller much...