Home Buying in California>Question Details

John Demarin…, Real Estate Pro in 94566

What are the most common home-buying mistakes?

Asked by John Demarinis, 94566 Tue Mar 6, 2012

*First, you should work with a REALTOR®, a professional who will guide you through the process and help you avoid these pitfalls:
*Not knowing how much house you can afford. Mortgage calculators are available online. Be sure to factor in such items as property taxes, maintenance and insurance.
*Not shopping for loan options. You need to know your credit score, get pre-qualified and pre-approved.
*Not including mortgage financing and professional inspection contingencies in the contract. The mortgage financing clause saves you if the home doesn’t appraise for the offered price; the inspection clause allows you to negotiate (or cancel the deal) if an inspector finds problems.
*Falling in love with a house without considering all the facts, such as structural flaws, location, neighborhood and potential for resale.

Help the community by answering this question:


Hi John,

Very interesting question.......

You have nailed some good ones! One of my favorites is people that seek "new construction" without the support of their own real estate representative. Builder agents love seeing a green buyer without personal professional assistance walk through the door.....it's easy pickings!

0 votes Thank Flag Link Tue Mar 6, 2012
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