Here are 3 costly mistakes home owners make
Costly Mistakes #1 | Thinking you cant afford it.
Today buying the home of your dreams is easier then ever before. Many people who thought that buying the home they wanted
was simply out of their reach are now enjoying a new lifestyle in their very own home.
Buying a home is the smartest financial decision you will ever make. In fact most American home owners would be financially broke at retirement if it wasn’t for one saving grace – “the equity in their home”. Furthermore, mortgage rates are more flexible today than ever and tax allowances favor home ownership.
Real estate values have always risen steadily. Of Course there are peaks and valleys but the long term trend is a consistent increase. This means that every month when you make a mortgage payment the amount you owe on the home goes down and the value typically increases. This “owe less – worth more” situation is called equity build-up and is the reason you can’t afford not to buy.
Even if you have little money for a down payment or credit problems, chances are that you can still buy that new home. It just comes down to knowing the right strategies, and working with the right people.
Costly Mistakes #2 | Not Hiring A Buyers Agent
Buying property is a complex and stressful task. In fact, it is often the single biggest investment you will make in your lifetime.
At the same time , real estate transactions have become increasingly complicated. New technology , laws, procedures and competition from other buyers require Real Estate agents to perform at an ever increasing level of professionalism.
For many home buyers, the process turns into a terrible stressful ordeal. in addition, making the wrong decisions can end up costing you thousands of dollars. It does not have to be this way!
Work with a Real Estate agent who has a keen understanding of the real estate business and who is on your side. Real Estate agents have a fiduciary duty to you . That means they are loyal to only you and are obligated to look out for your best interests. Real Estate agents can help you find the best home, the best lender and the best inspector. best of all, in most cases, the Real Estate agent is paid out of the seller’s commission, even though he/she works for you.
Trying to buy a home without an agent at all is, well….. unthinkable
Costly Mistakes #3 | Getting A Cheap Inspection
Buying a home is probably the most expensive purchase you will ever make. This is no time to shop for a cheap home inspection. The cost of a home inspection is very small relative to the home being inspected. The additional cost of hiring a certified inspector is almost insignificant. As a home buyer, you have recently been crunching the numbers, negotiating offers, adding up closing costs, shopping for mortgages and trying to get the best deals . Do not stop now. Do not let your Real Estate, A patty cake inspector or any one else talk you into skimping here.
Blessed Assurance Home Inspections is certified with InterNACHI and InterNACHI front ends its membership requirements.
InterNACHI turns down more than 1/2 the inspectors who want to join because they cant fulfill the membership requirements.
InterNACHI certified inspectors perform the best home inspections by far. InterNACHI earn their fees many times over. They do more , they deserve more, and yes they generally charge a little more. Do your self a favor …. and pay a little more for the quality inspection you deserve.