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Updated about 2 years ago on . Most recent reply

User Stats

30
Posts
8
Votes
Greg Raymer
  • Real Estate Broker
  • Bowling Green, KY
8
Votes |
30
Posts

Common Mistakes Homebuyers Make?

Greg Raymer
  • Real Estate Broker
  • Bowling Green, KY
Posted

Some common mistakes that homebuyers make include:

1.Not getting pre-approved for a mortgage before shopping for a home

2.Failing to consider the long-term costs of homeownership, such as property taxes and maintenance expenses.

3.Not having a clear idea of their own needs and wants in a home.

4.Not shopping around for the best mortgage rate and terms

5.Failing to get a home inspection before purchasing.

6.Not having a contingency plan for unexpected expenses

7.Not considering the location and potential for appreciation

8.Focusing too much on the short-term and not thinking about the long-term potential of the property

9.Not having a realistic budget and overstretching financially to buy a home.

10.Not working with a real estate agent or not finding the right one who can guide through the process.

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