4 mistakes you may make when finding dream home
23/02/2019 15:20 | Source: Freshome
In a home buying process, it can be easy to make missteps or to get caught up in small details that really don’t make much difference. These are four of the most common mistakes you should avoid to hunt your dream home.

Not hiring an agent

If you are a first-time home buyer, or even second time and more, navigating the world of real estate can get tricky. Hiring an agent is an extra cost, and it’s a necessary one. A good agent will help guide you through the process, answer any questions that you may have, steer you clear of house hunting mistakes, and negotiate on your behalf. Therefore, hire an agent and you can go through this process with someone professional in your corner.

Not getting pre-approved before looking

Mistakes you may make when finding dream home

Getting a pre-approval should be every buyer’s first step toward buying a home. This document, which comes in the form of a letter from the mortgage company, will tell you how much money you’ll be able to receive in a loan. It’s crucial in helping you set your own budget, as well as showing sellers that you’re serious about buying their home. You’ll include a copy of the letter with every offer you submit in order to prove you’re financially fit to buy the home.

Fixating on aesthetics

It can be hard to get past having a thousand shades of paint on the walls or a kitchen that looks like it was last remodeled in the 80s. However, if you let yourself get tripped up by those small details, you could be missing out on the ideal property for you. At the end of the day, aesthetics can be fixed.

Forgetting to set your own budget

A pre-approval is a necessary tool to have, but it should not be the only detail that factors into setting your house hunting budget. Remember that the pre-approval shows the maximum amount that you’ll be given in a loan. You don’t have to spend that much, though, and you probably shouldn’t. Therefore you need to make sure that you’ll be able to handle your mortgage payment on top of your other recurring monthly costs.