Common Homebuyer Mistakes: How a REALTOR® Can Help

Buying a home can be one of the most exciting, and stressful experiences you can have. This is the largest purchase that you’ll ever make, and there can be pitfalls along the way if you aren’t careful. However, partnering with a knowledgeable and professional REALTOR® cannot only make this a smooth transaction, but an enjoyable one as well. Here are three mistakes that are easy for first time homebuyer and how your REALTOR® can help you avoid them.

Don’t Shop Around Without Being Pre-Qualified

One of the biggest mistakes is to begin shopping for a home without having a clear picture of your needs and to have your financing lined up. Skipping this can be a tremendous waste of time and energy for everyone involved. Your REALTOR® can be a great resource for helping you look at several lender options or ask your friends and family for referrals. It is also important to know that once you are pre-approved that you should not take on any new financial obligations like making big purchases or applying for a credit card. This can change the terms of your mortgage or even forfeit it.

Consider All of the Costs, Not Just the Mortgage Payment

While your monthly mortgage should be a key concern, there are many other financial considerations to be made. Homeowners insurance, taxes, home maintenance costs, and more can all add up quickly. Other factors like a new commute to work, schools, and more are all directly influenced by the location you choose. This is where a REALTOR® can be invaluable. Your REALTOR® can help you consider what these costs will look like, help you plan accordingly, and make the best decision possible.

Not Using a REALTOR®

This may have been implied as the expertise of a REALTOR® has been demonstrated throughout this list, but this is an all-to-common mistake made by many homebuyers. Take time to make sure your REALTOR® has the experience and expertise that will not only help you find the perfect home, but will be a tremendous resource in negotiations and seeing the transaction successfully through. Communication skills, patience, and good problem solving when working as your trusted partner are just some benefits of using a REALTOR®.