Home Buying in Staten Island>Question Details

Staten Island, Other/Just Looking in Staten Island, NY

Which problems do homebuyers commonly cause for themselves?

Asked by Staten Island, Staten Island, NY Mon May 20, 2013

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I believe sometimes home buyers get stuck in abidding warand then whe they get the hom they realize it is not goingto appraise and backout. lso in these days I would definitely shop for a home ith a preapproval, not just a prequal.
0 votes Thank Flag Link Sun Jun 2, 2013
Joe hit the nail right. Buyers must know what they can afford and what they sre comfortable.in a monthly home payment.

Down payment and.closing cost funds. Know how much yoy need.

Next is to know what you want in a home. And be specific. Beds, baths, size, type of home and location.

Buyers should not get hung up on cosmetic issues, like paint color, carpet age or if the kitchen counter is granite or not.

Dont get hung up on or buy into a "life style." Sorry but you dont get qualified to buy a home on your life style.

The more specific buyers are in their search for a home, the quicker and more succesful they will be.

Happy house hunting.
0 votes Thank Flag Link Sun May 26, 2013
Before buyers start seriously inspecting homes and wasting their valuable time, and the time of the real estate agents, smart home buyers first get pre-approved in writing by an actual mortgage lender. Many times buyers fail to set realistic budgets, choose the wrong mortgage, or fail to properly research the community they seek to live in. CNN has an interesting article citing these and other common buyer mistakes; http://money.cnn.com/2002/05/13/pf/yourhome/q_tenmistakes/
0 votes Thank Flag Link Sat May 25, 2013
losing out on a property they like because of:


not being forthcoming with the Realtor working on their behalf

unrealistic expectation of what their money will buy

unrealistic offer amount

failure to make use of a valuable asset available to them: the knowledge and experience of their Realtor.
0 votes Thank Flag Link Fri May 24, 2013
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