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5 Costly Mistakes Home Buyers Make



Mistake #1
Not knowing what they can afford before making an offer.


The best way to avoid this is to get pre-approved for a mortgage so you know exactly how much you can afford. Usually pre-approvals are free.


Mistake #2
Not knowing who the agent represents.


Unless an agent is working as your buyer representative, they represent the seller. Many people don't realize this.


Mistake #3
Choosing the wrong mortgage.


A bad mortgage can cost you thousands in taxes and interest. Consult an accountant before you choose your mortgage.


Mistake #4
Not finding problems with the home before buying it.


You should always have a professional inspector look at the home before buying it, otherwise you could be looking at huge repair costs later on.


Mistake #5
Not understanding how their credit can impact their ability to purchase or refinance a home.


Get a mortgage professional to help you go over and prepare your credit file before you buy a home.