Home Buyers Blunders
Posted by Admin SATXProperty on Saturday, July 16th, 2011 at 9:09pm.
Don’t Make These 4 Home Buyers Blunders
Buying a home needn’t be a high-risk venture. With a little planning, preparation and the use of a knowledgeable real estate agent, you can avoid these common buying blunders.
How many times have you called on a property only to learn it was already under contract? It happens more often than you might realize, especially for the biggest bargains or areas in high demand.
Working with a real estate agent allows you to make your buying preferences clearly defined and then be automatically notified once a property that meets your expectations is listed.
Find out how much home you can afford by getting pre-qualified and pre-approved by the bank. Not only does it send the message that you are a serious buyer who is willing and able to close on the right property, it can also help the broker negotiate other terms, such closing costs, on your behalf to make the deal work.
Never assume that the taxes and insurance quotes for a property will remain the same after purchasing.
Property or homeowners insurance also involves your independent credit score as well as the history of the home and its condition.
Likewise, property taxes are often years behind or may have a cap placed upon them if the property was eligible for homestead exemption or other special limitations placed on tax increases.Always obtain at least three independent insurance quotes on a property and obtain a newly revised estimate for property taxes before making a final offer.
A complete, independent inspection is one of the best investments you might ever make, especially when it comes to purchasing a home.
Whether the home is brand new or 100 years old, always invest in an inspection to prevent costly repairs and other hazards.
7272 Wurzbach Rd., Ste1003,
San Antonio, TX 78240
Thanks for reading! If you'd like to tell me what you think about this newsletter, or if you're thinking of buying or selling real estate, please get in touch.
Please share your thoughts! Leave a blog comment below. You are invited to join in on a conversation with on-topic and thoughtful/meaningful comments or possibly as a guest blog contributor. The San Antonio Real Estate and South Texas Blog(SATXBlog) is my personal blog to share all kinds of thoughts and information. All comments and posts are reviewed, approved and may be edited or moderated. No Spam commenters. No web links within comments. Blatant self-promotion and advertising will not be tolerated.
P.S. If you are wanting to search online for San Antonio real estate, look no further. If you know anyone wanting to buy or sell San Antonio real estate let them know about me and my website.
Be the first to comment on this blog entry!