Bidding without sufficient information
What price do you offer a seller? Is the seller’s asking price too high? Is it a deal? Without research on the market and comparable homes, you could lose thousands of dollars. Before you make that offer, be sure you have researched the market. A professional REALTOR, Buyers Specialist can offer an unbiased opinion on the value of a home, based on market conditions, condition of the home and neighborhood. The Truth About Home Buying Representation! Without knowledge of the market, your offer could be too much. Or worse, you could miss out on a great buying opportunity.

Buying a mis-matched home
What do you need and want in a home? Sounds simple. Yet, clearly identifying your needs and bringing an objective view to home shopping, leaves you in a better position. Sometimes, home buyers buy a home that is too large or too small. Perhaps they didn’t consider the drive to work, the distance to school, or the many repair jobs waiting for completion. Get Your Questions Answered! Plan ahead. Use your needs list as a guideline for every home you view.

Outdated survey
Today most lenders do not require a survey. A survey report will indicate boundaries and structural changes (additions to the house, a new swimming pool, neighbor’s new fence which is extending a boundary line, etc.). If the sellers do not provide an updated survey then it would be in the buyers best interest to obtain that themselves.

Unexpected repairs
For $300 - $500 a professional inspector will conduct a thorough inspection of the home. This way, you’ll have an idea of the cost of future repairs. Have inspections to protect your interest.

Shopping without pre-approval
Typically it will only take a day to get financing pre-approval. New! Check Out Our Mortgage Center! When you are shopping for a home, this gives you more power. A seller is more likely to consider an offer from a serious buyer.

Remember additional cost
Besides the funds for the purchase of a home, you’ll need funds for items such as loan fees, insurance, legal fees, surveys, inspections, etc.