Beware of 9 Costly Mistakes When Buying a New Home

Wednesday, December 4, 2019
Beware of 9 Costly Mistakes When Buying a New Home

Beware of 9 Costly Mistakes When Buying a New Home

Scottsdale - Buying a home is a major investment no matter which way you look at it.
But for many homebuyers, it's an even more expensive process than it needs to be because many fall prey to at least
a few of the many common and costly home buyer mistakes which trap them into either:

? paying too much for the home they want, or
? losing their dream home to another buyer, or
? worse, buying the wrong home for their needs.

A systemized approach to the homebuying process can help you steer clear of these common first home buyer
, allowing you to not only cut costs, but also buy the home that's best for you.
We will give you the 9 most common and costly of these first time buyer mistakes, how to identify them, and what
you can do to avoid them.
To begin with, here are 4 of the 9 home buyer mistakes that you should know about right now.

1. Bidding Blind
What price should you offer when you bid on a home? Is the seller’s asking price too high, or does it represent a
great deal. If you fail to research the market in order to understand what comparable homes are selling for, making your
offer would be like bidding blind. Without this knowledge of market value, you could easily bid too much, or fail to make
a competitive offer at all on an excellent value.

2. Unclear Title
Make sure very early on in the negotiation that you will own your new home free and clear by having a title search
completed. The last thing you want to discover when you’re in the back stretch of a transaction is that there are
encumbrances on the property such as tax liens, undisclosed owners, easements, leases or the like.

3. Not Getting Mortgage Preapproval
Preapproval is fast, easy and free. When you have a preapproved mortgage, you can shop for your home with a
greater sense of freedom and security, knowing that the money will be there when you find the home of your dreams.

4. Hidden Costs
Make sure you identify and uncover all costs - large and small - far enough ahead of time. When a transaction
closes, you will sometimes find fees for this or that sneaking through after the “sub”- total - fees such as loan
disbursement charges, underwriting fees etc. Understand these in advance by having your lender project total charges
for you in writing.

There you have it. These are just 4 out of the 9 to draw attention to this very important topic. If you wanted to view
all of the 9 first time buyer mistakes, I have put together a free report entitled “Nine Buyer Traps and How to Avoid
Them" which explains the home buyer mistakes in more detail.
You can grab a copy of this report for free by visiting or you can give me a call
at 1-844-310-9514. 
Thanks a lot for reading this week’s blog and may you find a way to your new home!
Todd Guilinson
Your Home Sold Guaranteed or I’ll Buy It* - If you or anyone who know is considering on making a move, feel free to
give me a call or pass on my number! 1-844-310-9514.