Doing your homework before you buy can make all the difference and avoid mistakes when buying a home:
- Identifying all available financing options based on your monetary situation
- Understanding the local real estate market to determine pricing and location options
- Narrowing your search to what is available in your price range
- Familiarizing yourself with local schools, shops and other neighborhood amenities
- Obtaining a proper home inspection to identify problem areas that could prove expensive
- Don't make any other major purchase (such as, Car, Appliances, Furniture) or otherwise moving money around that could affect your credit rating
- In some financing situation, buying before you sell can affect the down payment and could necessitate interim purchase financing
- Not buying with resale in mind
- Don't looking for the "perfect" home rather than the best home for your family's needs
Purchasing a home is one of the single largest and most complex investment you’ll ever make, it’s wise to utilize the help of a Realtor who can guide you through this monumental step in your life.
