Victoria Village

From the Blog

Common Mistakes of Home Buyers

Even before the arrival of the first child, most couple dreams of buying their own homes. While it can be daunting to make a home loan or invest your hard earned money for years in a property, having a house to call your own is still one of the best decisions you can have in your life for your family. If you have been meaning to buy your own house, here are some of the biggest home-buying blunders you need to avoid to have the best home for your bucks.  

Settle your finances first. Are you able to buy the house in cash or are you relying for a loan? If you are like most people who rely on a loan, make sure that you are pre-approved by the bank or other lending institution before starting to window shop for a home. If you are yet still paying a previous loan, you might want to think twice about the decision. Buying Lake Las Vegas luxury homes is really costly these days. You don’t want to compromise yourself too much and end up with large debts you are not able to pay. 

Impulse buying. When you see a house you like, do not at any cost buy it impulsively –even if you think you have the money on hand or even if it is the best one for you. A lot of people find out that the house they thought was their dream home ended up being a nightmare due to a bad neighbor or a noisy environment. Take your time when you’re deciding for this investment and consider you partner and your children’s say about the property. 

Trusting the agent too much. While it would be a nice idea to have a realtor onboard, remember that you are in a business deal with them. They may be very nice and accommodating as they do to all their clients just because that is how they make money. Find a real estate agent that is reputable and will really place your needs first. Keep in mind that a realtor’s job is to sell the home first before anything else. 

Neglecting to check on the neighborhood. Do not neglect to talk to your potential neighbors. These people are important to know as you will be dealing with them often once you live there. 

Checking the property in different times of the day. If you have done the open house of a particular property, make sure that the next time you try to visit that house again, it would be in a different time of the day. You’d want to see what it would be like to be in that neighborhood during early mornings or late at night. You should probably ask if you can have another look at the house during a bad weather as well. You don’t want to end up buying the house and then find out that the roof is leaking during rainy days.  

Primarily looking for houses online. The Internet has brought us quite a few great conveniences such as looking for a home online. However, leave room for other home-hunting options as some listings online are outdated. It is best to ask for more information first before attending the open house of that particular property. It’ll save you money and energy as well. 

Asking questions to the homeowners. If you can, make a short call to the homeowners or invite them out for a coffee. Ask them why they have decided to put the house for sale and if they have a new home to move into. If their reason for selling the home is to move to another state for a job or to get close to their family, that might be a good indication for you to forgo the purchase. Yet, if the decision is primarily to have money, you are probably being priced too high.  

While no home in the market is sold perfect for all your wants and need, avoiding these home-buying mistakes will eventually land you to the best home for your family. After all, isn’t it that family together makes a house a home and not the size and price of the house?