Buying a house can often be an intense, emotional decision. But it’s also one of the biggest purchases you will likely ever make, so it’s important that you don’t make a big mistake when you do.
Here are some big mistakes to avoid:
- Not getting financing up front. Unless you are a cash buyer, don’t even consider house shopping until you have a firm commitment from a lender.
- Using an inexperienced or incompetent agent. Having the right agent can make a huge difference in your home buying process. Using a proven and experienced agent can help you determine a house’s value more accurately, as well as show you all the houses in the area that meet your criteria.
- Not getting an inspection. Don’t even think about buying a house without an inspection, and include a potential out based on that inspection.
- Not having a backup plan. If the house doesn’t appraise properly or if the inspection reveals insurmountable problems, be sure you have planned on a way to get your deposit back.
Bottom line: now may be a great time for you to buy a house. But if you want the best deal, don’t make any major mistakes. Follow the above tips for the best home buying experience.