Whether you’re in the market for your first home, or a seasoned pro with several successful closings Prevent Home Buyer’s under your belt, there’s nothing quite like the feeling of being handed that new set of keys. But for some, that feeling of elation and excitement is soon replaced with frustration and regret.
Now you learn from others’ mistakes and hopefully prevent a severe case of buyer’s remorse.
The Pre-Approval –
If you’re serious about purchasing a home and in need of financing, get pre-approved by your bank before you start looking at homes. That way, you’ll know how much you can afford to bid and negotiate before closing the deal.
Savings –
With loan programs that allow potential buyers to put as little as 3.5% down, it can be tempting to jump into homeownership with minimal savings. Just don’t forget there are other associated costs like inspections, appraisal, attorney fees, and more. These can add up to the point of leaving you feeling financially drained.
Too Small –
It may seem cozy now, but 4 kids, 2 cats, 1 dog, and an in-law later, that 900 square foot, 2-bedroom, 1-bath bungalow can quickly become cramped. Consider your longer-term plans while house hunting before deciding if there’s adequate space. On the flip side, bigger isn’t always better. Consider the upkeep and cost to heat and cool a larger abode.
The Neighborhood – Imagine having a back yard that backs up to open space. Then imagine waking up one day to the sound of construction crews building a shopping center. There goes your view and privacy! Do your research on the neighborhood. Drive around at various times of day to get an idea of traffic, talk to the neighbors, check crime statistics, etc. And if acres upon acres of open space are important to you, make sure the area behind your home is protected from future development.
Final Walk-Through – You’ve attended the open house, had 2 showings, the inspections, and now you’re headed to the closing. What about the final walk-through? As close to the closing as possible, walk through the house (with permission from the seller, of course) and make sure everything was left as it should be. Otherwise, you could be coming home to missing appliances, damaged fixtures, or the previous owner’s trash.
Home Inspections are more than practical, they’re required. But even a detailed inspection doesn’t cover all bases. Consider your underground drain pipes, for example. Just because faucets are pouring and toilets flushing properly doesn’t mean a great big clog isn’t just around the corner.
To help prevent that, contact Eagle Service Company to inspect those pipes to ensure they are intact and clog free. Contact us today for service or refer us to a friend!
