Learn The 3 Deadly Mistakes Homebuyers Make When Purchasing Pre-Owned Homes - Costing Them Fortunes
The 3 Deadly Mistakes Homebuyers Make When Purchasing a Pre-Owned Western Pennsylvania Home.
Deadly Mistake #1
Thinking You Can’t Afford To Buy The Home You Really Want
Today, buying the home of your dreams is simpler than ever before. Many people who thought buying a home they wanted was impossible are now enjoying a comfortable lifestyle, in their very own new home!
Buying a home is the smartest financial decision you will ever make. In fact, most American homeowners would be financially broke at retirement if it weren’t for one saving grace - the equity in their home. Furthermore, mortgage rates are more flexible today than ever and tax allowances favor home ownership.
Real estate values have always steadily increased. Of course, there are always ups and downs, but the long-term trend is a regular increase. Meaning that every month, when you make a mortgage payment, the amount of money that you owe on the home decreases and the value increases. This *owe less/worth more* situation is called equity build-up and is the reason you can’t afford not to buy.
Even if you have little or no money for a down payment, or credit problems, chances are that you can still buy that new home. It just comes down to knowing the right strategies, and working with the right people.
Deadly Mistake #2
Purchasing a Home Without Hiring a Real Estate Agent To Represent You
Buying property is a complex and stressful task. In fact, it is often the biggest single investment you will make in your lifetime. At the same time, real estate transactions have become increasingly complicated. New technology, laws, procedures and competition from other buyers require buyer agents to perform at an ever-increasing level of professionalism. For many homebuyers, the process turns into a terrible, stressful ordeal. In addition, making the wrong decisions can end up costing you thousands of dollars. It does not have to be this way!
Work with a buyer’s agent who has a keen understanding of the real estate business and who is on your side. Buyer’s agents have a fiduciary duty to you. That means they are loyal to only you and are obligated to look out for your best interests. Buyer’s agents can help you find the best home, the best lender and the best inspector. Best of all, in some cases, the buyer’s agent is paid out of the seller’s commission, even though he/she works for you.
Trying to buy a home without a buyers agent at all is, well… unthinkable and a very deadly mistake!
Deadly Mistake #3
Purchasing The Home Without Hiring a Certified Home Inspector
Buying a home will probably the most expensive purchase of your life, so it’s very important your investment is a smart one. Sometimes during a sale hidden problems and concerns can be left undisclosed and unmentioned. A certified home inspector is hired to evaluate your new home and all of its major components at the time of the purchase. This can be a very effective bargaining tool at the closing of the sale when there are hidden faults in a home discovered. Modern day home inspectors use high-tech equipment and computer-based technology to help aid in the reporting process. When choosing a home inspector, it’s generally best to choose one from the local area of your potential new home. They have a better grasp of the area weather, soil conditions, and the means and methods the general contractors use. Having knowledge of this information is very important for evaluating your new home’s structural integrity.
If you don’t hire a home inspector before buying your home, it’s by far the deadliest mistake you can make.
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This free report brought to you by John R Fordyce, a home inspector and owner of SAFE-BUY Home Inspection in Western Pennsylvania. Article Source: http://EzineArticles.com/?expert=John_Fordyce |