Here are three common mistakes buyers need to avoid in today’s market.
When you’re in the market to buy a home, be sure to avoid making these common mistakes:
1. Not working with a good lender. Before you begin your home search, be sure to align yourself with a qualified local lender. Find out all of the costs involved in buying a house, such as what your estimated monthly payment would be. The last thing you want to do is fall in love with a house only to find out that you can’t afford it.
2. Misunderstanding the listing price. When you’re looking at homes on Zillow or Redfin, you’ll see what a house is listed for, but make sure when you’re looking at certain areas that you’re also looking at the sold data for those areas. On my website, you can see a list of homes that have sold nearby, which lets you compare and contrast them to find out what the home will most likely sell for in the current market.
“The last thing you want to do is fall in love with a house only to find out that you can’t afford it.”
3. Working with an inexperienced agent. Many factors are involved with getting your offer accepted in this hot market, so make sure that you’re working with an agent who strives to represent you to the best of their abilities. Too many times buyers have called me for help, telling me that their previous agent simply told them to go on Zillow to look for homes. Experienced agents will help their clients every step of the way.
If you’re in the market to buy a home and have any questions or need assistance, feel free to reach out to us. We’d be happy to go over your options and come up with a strategy to help you succeed.