Buyers: be sure to avoid these four common mistakes.
As a homebuyer in today’s market, you need to be sure to avoid the following four mistakes we’ve seen some people make:
1. Not having a plan. Many buyers have been rushing into the market without a comprehensive plan about how their transactions will work. Sitting down for a consultation with a real estate professional is the best way to get all the information needed to move forward confidently with your purchase.
2. Not acting quickly. Things are moving very quickly in our current market, so it’s important to have all your ducks in a row before you start your home search. That way, you won’t feel rushed when you do find a home you like.Using cash for a down payment in this market is almost a necessity.
3. Not having enough in savings. It costs a lot of money to make a move, so we want to make sure that you have enough liquid cash available to be able to move. Using cash for a down payment in this market is almost a necessity.
4. Not understanding your credit situation. You wouldn’t believe the things that can just pop up on your credit report seemingly out of nowhere and create hangups in your transaction. Be sure to speak with your financial institution so that you know that you don’t have any credit issues that will hamper your ability to buy a home.
If you have any questions about buying a home or would like to set up a consultation with us to come up with a game plan for your next purchase, don’t hesitate to reach out to us. We’d love to help you.
