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Home buying mistakes to avoid
* Waiting and waiting: There is no
"perfect time" to buy — except when you can. Don't wait indefinitely.
There are several important factors other than the house's price to
consider — namely the current interest rates, market trends, your needs
and more.
* Be a smart buyer: So
you've found the house of your dreams. Great! But try to keep your jaw
off the floor when viewing it. Going ga-ga over a home right in front of
the sellers or their agent might cause them to consider holding out for
a higher price. Play it cool.
* Buying the wrong size: Families grow. Even if you're single
this year, this may not be the case within a year or two. Consider
something slightly — but not extravagantly — larger than your current
needs.
* Not getting it in writing: We've all heard this again and
again, so why ignore it? If the seller promises to replace the home's
aging shingles, get it on paper — signed!
* Excessively low-balling your
offer: All of us love bargains. But if the sellers' market is doing well
and you're offering 10% below the asking price, don't be surprised if
you lose the home. See what nearby houses are going for and bid
accordingly. |
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