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8 biggest mistakes made by home buyers
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Biggest mistakes that home buyers make
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(1) Home Buyers don’t think about resale before they buy. Every house will be resold at some time in the future.
(2) Home Buyers base their decisions on what they hear in the national news. They need to remember that real estate is local; not national. Read the local Colorado Springs newspaper and watch the local news, hire a local Realtor.
(3) Home Buyers only talk to one lender. They need to shop for a loan, just like they shop for a house. Ask your Colorado Springs Realtor for some referrals.
(4) Home Buyers don’t understand the benefits of using a Buyer’s Agent. They should interview an agent who represents them, and make sure they specialize in buyer representation.
(5) Home Buyers don’t read and understand the contract. Colorado Real Estate Contracts are over 16 pages long, and your Colorado Springs Buyers Agent can help explain them to you.
(6) Home Buyers don’t get prequalified before they start looking for a home. Consequently they may be looking for houses in the wrong price range.
(7) Home Buyers don’t do their due diligence before buying, including checking on the crime statistics, checking out the schools, and checking out the neighborhood. Buyers should also visit a neighborhood during different times of the day and different days of week; talk to the neighbors.
(8) Home Buyers buy the most expensive house in the neighborhood.
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