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5 Home Buyer Mistakes That Could Cost You a Bundle – Day 5

amewborn — Thu, 04 Mar 2010 15:12:41 +0000

Expect that you will get everything on your “wish list”
One of the biggest mistakes people make is expecting that homes will have everything that they have envisioned. You may luck out and find that one “perfect home.” But more often than not, you will find a few homes that are not quite perfect, but fit 90% of your criteria. Before you start searching for homes, sit down with your agent and and creating a list of needs and a list of wants. Some common “must haves” are the towns you’d want to live in, square footage, or school systems.

The second part of the list would be things you don’t necessarily need but want – a garage, an updated kitchen, or an extra room for an office. By setting the expectation that there probably is no such thing as the perfect house, you will recognize that house that gives you everything you need, and most of what you want, all within your budget.

If you have any questions, please contact The Mewborn Team. We are always happy to help you refine your criteria or steer you in the right direction.

5 Home Buyer Mistakes That Could Cost You a Bundle – Day 4

amewborn — Mon, 01 Mar 2010 18:29:37 +0000

Use professional help
Sure, You can buy a home without the aid of a professional real estate agent.

But your home purchase is so much more than getting online and finding your home. Your agent has access to what is currently for sale, as well as what is currently under contract or recently sold. Your agent will be able to take this information and schedule time to see the properties, determine pricing, and negotiate on your behalf.

Your home purchase will be one of the biggest investments you will ever make. Your agent is someone who knows the contract, has experience negotiating, and will walk you through the entire process to ensure that your transaction closes, and you get the house you want!

5 Home Buyer Mistakes That Could Cost You a Bundle – Day 2

amewborn — Sun, 21 Feb 2010 22:09:15 +0000

Day Two – Yesterday, we talked about credit scores. Today, your task is to investigate:

Getting Preapproved
After you’ve cleaned up your credit as much as possible, it’s time to contact a lender and determine how much you can afford. You will have to provide your credit report, your W-2’s pay stubs, and bank, and investment statements. By getting preapproved, you will save yourself the time and disappointment by looking at homes you know you can afford, rather than getting your heart set on that “perfect” home that is our of your price range. Also, it will put you in a better position to negotiate when you find that right home.

If you have any questions, please contact us. We are always happy to answer your questions or point you to a professional who may be able to help you in your individual situation.