Protect yourself from these five common pitfalls:
6. Not considering long-term needs.
HOW TO AVOID IT: It is important to think ahead. Will your home suit your needs 3–5 years from now? How about in 5–10 years?
7. Not following through on due diligence.
HOW TO AVOID IT: Make a list of any concerns you have relating to issues such as crime rates, schools, power lines, neighbors, environmental conditions, etc. Ask the important questions before you make an offer on a home. Addressing these concerns ahead of time will give you confidence in your purchase.
8. Not having a home inspection.
HOW TO AVOID IT: Trying to save money today can end up costing you tomorrow. A qualified home inspector will detect issues that many buyers may overlook.
9. Not examining insurance issues.
HOW TO AVOID IT: Purchase adequate insurance. Advice from an insurance agent can provide you with answers to any concerns you may have.
10. Not purchasing a home protection plan.
HOW TO AVOID IT: This is essentially a mini insurance policy that usually lasts one year from the date of sale. It usually covers basic repairs you may encounter and can be purchased for a nominal fee. Contact me to help you find the protection plan you need.
Tips for making the selection process easier:
- Bring a camera to document each home that you visit. Start each tour with a shot of the address plaque so you can easily identify each home later.
- Take notes during each home visit, and be sure to write down your first impressions. Record any notable features, architecture and design elements. List what changes you would make and what details really stand out.
- Pay attention to the home’s surroundings. Generally, avoid the most upgraded home on the block. Is it in a friendly neighborhood? Will parking be an issue? Is it a good area to walk your dog or have an outdoor get together? Is it in a good school district?
- Visit homes that you were interested in again a few days later at a different time of the day. You may notice some nuances you missed earlier.
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