1. Making an Offer on a home without being pre-qualified.

Prequalification will make your life easier and give you a better chance against competitive buyers. Talking with a lender as to income, debt, etc. will help you determine the price range you will be comfortable with. It is an important step to save time on your path to home ownership.

2. Not Having a Home Inspection.

Trying to save money today can end up costing you tomorrow. Every home has its issues. A good inspection process will give you the peace of mind of knowing exactly what you are investing in.

3. Limiting Your Search to Open Houses, Ads or the Internet.

Many homes listed in magazines of the Internet have already been sold. Your best course is to contact a Great Realtor. She can give you the most up-to-date information and knows local issues, such as neighborhoods, comparable properties, and your specific needs for your new home.

4. Choosing a Realtor who is not committed to forming a Strong Business Relationship with You.

Making a connection with the right Realtor is crucial. Choose a professional who is dedicated to serving your needs and has your best interest at heart.

5. Thinking There is only One Perfect House Out There.

Buying a house is a process of elimination, not selection. New properties arrive on the market daily, so be open to all possibilities. Ask your Realtor for a comparative market analysis. This compares similar homes that have recently sold, or are still for sale.

6. Not Considering Long Term Needs.

It is important to think ahead. Will this home suit your needs three to five years from now?

7. Not Examining Insurance Issues.

Purchase adequate insurance. Advice from a great insurance agent can provide you with answers or concerns you may have.

8. Not Buying a Home Protection Plan.

This is essentially an insurance plan that usually lasts one year from the close of escrow. It usually covers basic repairs you may encounter in your first year and can be purchased for a nominal fee. Talk with your Realtor about a good reputation Home Protection Company.

9. Not Knowing Total Costs Involved.

Early in the buying process, ask your Lender for an estimate of closing costs. Title Company and insurance fees should be taken into account. Examine your settlement statement prior to closing.

10. Not Following Through on Due Diligence.

Buyers should make a list of any concerns they have relating to issues such as: Crime rates, Schools, Power Lines, Neighbors, Environmental Concerns, etc. Be diligent so you can have confidence in your purchase.

Always with Your Best Interest at Heart,

Rita DeSouza, Realtor
Prudential CA Realty
7300 Healdsburg Ave.                Direct:  (707) 824-4556
Sebastopol CA, 95472                Cell:      (707) 321-9398

updated: March 26, 2007 | Back to top