Mistakes Homebuyers Make

 

 

 

 

 

 

 

This is a great article from the Sun-Sentinel about the “5 mistakes home buyers make.”  There are certainly more than just 5 but here are the 5 they listed:

  • Sticking with low ball offers
  • Taking too much time to “sleep on it.”
  • Littering the contract with contingencies
  • Failing to make a good impression on the seller
  • Waiting to get pre-approved for a mortgage before starting the search

I feel my top 3 would be:

  • Shopping for an interest rate – a loan is much more than a rate.  The lowest rate lots of the time is not the the best and least costly product.
  • Listening to friends, family, co-workers, etc. who are not experts.
  • Not getting pre-approved in advance – I am referring to weeks and months in advance.  Not a day before