5 costly mistakes

5 costly mistakes home buyers make.

Costly mistakes home buyers make can be avoided with the appropriate education and preparation. Here they are so you're aware of them - and can avoid making them.

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. Read this guide to avoiding a money pit.

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.

If you’ve got questions, let’s connect. I can be reached at 647-896-6584, by email at info@serenaholmesrealtor.com or by filling out this simple contact form. For lots of other great tips, news and resources, connect on social @serenaholmesrealtor.com and make sure you’ve subscribed to my YouTube Channel.



serena holmes


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