Purchasing a home can be exciting, challenging, scary, and confusing. There are several common pitfalls that trip up many home buyers. Knowing what they are can set you up for greater success.
Skipping pre-approval. Less extensive than prequalifying, your lender will take a deeper dive into your finances to pre-approve you for a loan. Checking the pre-approval box will give you a clear budget and be in your favor in a bidding war.
Making an emotional decision. Choosing your future home can be emotional. Remember, you’ve set a budget for a reason, so stick to it. Don’t skip the inspection or back down from reasonable demands just to land the home. Always have a backup plan, and try to keep your emotions in check until the deal is finalized.
Foregoing a Realtor® The best way to find a home is with professional assistance. Realtors® will work to help you find the best deal on the best home available. It’s their job to know the market inside and out, and they will often have insight that isn’t publicly available. Choose a trusted real estate professional to make sure you avoid these and other common home-buying pitfalls.
Five Star award recipient 2011-2017 honoring the top 7% of real estate professionals in Oregon.
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Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Diversity Specialist, HOWNW, CSA-Certified Staging Agent, Oregon First, Realtors
Direct 503.380.9634, Email-homesforyou@frontier.com
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