Common Mistakes When
Buying a Home
Buying a home covers a lot of ground including legal, financial and emotional considerations. We have listed some of the most prevalent - and potentially dangerous and expensive - mistakes made by home Buyers.
1 Not assembling the best team of professionals to represent your best interests during the purchasing process.
2 Buying Emotionally, not being realistic to what your budget will allow.
3 Waiting for the "perfect" home. Many first time Buyers make the mistake that they will, if they look around long enough, find a home that has a full 100% of their needs and wants. First determine the most important of your needs, and the most desired of your wants, and select a home that meets the majority of them.
4 Ignoring the extra costs & the hidden costs. This is especially true when applied to new construction and renovations.
5 Not being pre-approved. All financing is not created equal.
6 Not working with a Realtor. Finding out too late that you have no representation.
7 Not understanding the process of purchasing a home.
8 Failing to understand the home buying process. Not practicing due diligence and following through with obligations
9 Using more than one Agent – Each person adds more time to the process.
10 Buying into an unknown location – Your Agent knows the neighbourhood and can give you accurate information on services, amenities and most importantly Real Estate values.
