Do you buy a house from real estate investor on terms such as owner financing or you buy a home listed on the market with your real estate agent, it is important that you get the home of your dreams at a price as low as possible.
As a home buyer, it is important to take a few things in mind that will ensure you no longer get a roof over your head, but you also get the deal of your life. When we buy houses in Nevada, you should know about the mistakes that you need to avoid.
The following are common mistakes homebuyers make you need to avoid.
1) There are no inspections
One of the most important things you can do before you buy a house is an inspection. In most cases, the examination will reveal some of the problems you may not know to exist; others will make the house not so interesting anymore.
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2) Do not get prequalified
Even before you start looking for a home, the first thing you should do is to make sure you can afford it. A visit with a mortgage broker and get pre-qualified. They will ask for your income, expenses, debts, etc. They also will pull your credit and tell you if you qualify or not.
3) Do not know all the costs involved
The conversation with the seller, realtor and mortgage broker must disclose all the costs you bought your house. Many times, many home buyers are not aware of closing costs, and other costs involved in buying your home.
4) Do not perform due diligence
Chances are you will stay in your new home for several years. Therefore it is important to do your due diligence including shopping outlets available and come in the area, school, new developments in the area, environmental issues and so on.