Find out how to avoid buyer's remorse by avoiding these 7 common home buyer's mistakes. Learn how a home buyer's agent can help you buy the right home.
PRLog - Apr. 17, 2014 - WILMINGTON, N.C. -- Just For Buyers Realty Home Buyer's Agent: 7 Tips to Prevent Home Buyer’s Remorse
While real estate agents make their living trying their best to sell the image of the "American Dream" to the prospective homebuyer, the truth is that not every home purchase turns out to be a dream. Some are the stuff of nightmares. When this happens, the buyer suffers from a condition commonly referred to as "home buyer's remorse."
Buyer's remorse usually occurs when a buyer makes certain mistakes during the process of buying their home. But, buyer's remorse is avoidable. When you work with a home buyer's agent, you receive the knowledge and expertise that makes buying the perfect home for your lifestyle easy. This type of real estate professional will also help you avoid the following seven home buyer mistakes.
#1: Shopping Before Being Pre-Approved
If you start shopping for a home before you get pre-approved for a mortgage, you could be wasting your time. Getting pre-approved will tell you exactly what your limitations are so you can narrow your choices to those properties that fit within your budget. This will also help you avoid buying more home than you can realistically afford.
#2: Maxing Out Your Buying Power
Just because you got pre-approved for a $500,000 mortgage, it does not mean that you should purchase a home priced that high. It may be better to be more conservative with your purchase so you can have a cash buffer in the event that unforeseen circumstances arise.
#3: Declining the Home Inspection
Nothing causes buyer's remorse faster than buying a home with a ton of problems. One of the best ways to reduce this risk is to have the home inspected by a reputable and licensed home inspector. Failing to do so might save you a small amount of money now, but it could wind up costing you a lot more later.
#4: Not Researching Your Agents and Lenders
So many home buyers pick their real estate agents and lenders without fully researching their qualifications and this can wind up being the cause of a lot of headaches. Do your homework so you know exactly who you are working with and make sure it is someone you can trust.
#5: Not Researching the Neighborhood
It can be easy to fall in love with a neighborhood when you visit an empty home during a weekday afternoon when everyone is either at work or in school. Often, it is only after the home buyer moves in that they discover their next door neighbor plays their music loud on the weekends or that the neighborhood is overrun by vandals and other nefarious types. It is best to visit the neighborhood on various days at different times of day to get a true taste of what the area is like. Researching local schools, businesses, and other factors will also prove beneficial.
#6: Not Considering the Resale Value of the Home
It might seem odd to think about the resale value of your home when you are just moving into it, but failing to do so can play a part in buyer's remorse. This is especially the case when the buyer has to unexpectedly sell their property shortly after purchasing it due to an unforeseen life-changing event.
#7: Not Using a Home Buyer's Agent
Working with a home buyer's agent is simply one of the best ways to avoid buyer's remorse because this type of real estate professional works solely on behalf of the buyer. This means that they will do everything possible to ensure that the buyer is getting the best deal possible while protecting their rights and interests.
Just For Buyers Realty Can Help You Avoid Real Estate Mistakes
Just For Buyers Realty has exclusive buying agents in North Carolina who can help ensure your interests are protected as you negotiate for your dream home. Unlike other real estate agents, our buyer's agents do not take seller listings. This allows us to focus solely on your needs, instead of the seller's. If you are in the market for a new home and you want to avoid many of the mistakes made by new home buyers, give us a call at 910-202-4813 today. One of our exclusive buying agents will be more than pleased to assist you.
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7 Tips to Prevent Home Buyer’s Remorse
April 17, 2014 at 13:23 PM EDT
