Wednesday, August 16, 2006

5 Biggest Mistakes Buyers Make, and How to Avoid Them!

Mistake #1: Buyers fail to get pre-qualified or pre-approved for a mortgage before they actually begin looking at properties. Buyers have greater flexibility in making offers and have a stronger negotiating position by getting this out of the way first.

Mistake #2: Buyers fail to look at full cost of home ownership. They need to sit down with qualified professional and be sure they are budgeting for property assessments, taxes, utilities, and maintenance. Buyers who calculate their cost ahead of time often get through their closing with fewer surprises.

Mistake #3: Many buyers don't start with a plan. Many times they are looking on internet and start driving around by themselves, unable to act quickly, or see the best homes before they are sold. The best homes are the best homes for a reason, and they sell FAST.

Mistake #4: When working with seller directly, or even through an agent be sure to get everything agreed to in writing. Miscommunication creates big problems at closing.

Mistake #5: Be present for final walk through. Make sure everything is the way it should be before you sign on the dotted line.

If you would like more detailed information about these tips, check out our Podcast. We provide monthly podcast tips to help with your real estate questions. Just go to and click on our Podcast banner. For more information you can also contact us directly at (816) 224-KORN (5676).