Deadly Mistake #1: Thinking you can't afford it.
Today, buying the home of your dreams is easier
than ever before. Many people who thought that buying the home they wanted was simply out of their reach are now enjoying
a new lifestyle in their very own new home.
Buying a home is the smartest financial decision you will ever make.
In fact, most American & Canadian home owners would be financially broke at retirement if it wasn't for one saving
grace - the equity in their home. Furthermore mortgage rates are more flexible today than ever and tax allowances favor home
Real estate values have always risen steadily. Of course there are peaks and valleys, but the long term
the trend is a consistent increase. This means that every month when you make a mortgage payment the amount that you owe on
the home goes down and the value typically 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 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. See below. Deadly Mistake #2: Not hiring a buyer's agent to represent you.
property is a complex and stressful task. In fact, it's 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
It doesn’t have to be this way!
Work with a buyer's agent who has a keen understanding
of the real estate business and 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 most 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 an agent at all is, well... unthinkable.
Deadly Mistake #3: Getting a cheap inspection.
Buying a home is probably the most expensive purchase you'll
ever make. This is no time to shop for a cheap inspection. The cost of a home inspection is very small relative to the home
being inspected. The additional cost of hiring a certified inspector is almost insignificant. As a homebuyer, you've recently
been crunching the numbers, negotiating offers, adding up closing costs, shopping for mortgages, and trying to get the best
deals. Don't stop now. Don't let your real estate agent, a patty-cake inspector, or anyone else talk you into skimping
NACHI front-ends its membership requirements. NACHI turns down more than 1/2 the inspectors who want to join
because they can't fulfill the membership requirements.
NACHI certified inspectors perform the best inspections
by far. NACHI certified inspectors earn their fees many times over. They do more, they deserve more, and yes they generally
charge a little more. Do yourself a favor...and pay a little more for the quality inspection you deserve.
the best home inspector in your area visit www.InspectorSEEK.com
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