1/22/12

Buyers: 4 Costly Home Buyer Mistakes You Want To Avoid

1. Not checking your credit report and score
Before you think about looking at a home, make sure you get a copy of your credit report and get pre-approved for a mortgage loan. Contact Jason Bradley of Service First Mortgage at 214.715.8100.

2. Forgetting about the hidden costs
Consider the cost of taxes, insurance, utilities, and fees. They can be anything from the closing costs to appraisal fees, escrow fees, homeowner's insurance fees, property taxes, and even moving costs. Another factor is the cost of repairs and maintenance.

3. Thinking you'll get everything on your "wish list"
Another mistake people make is being too close-minded while searching for their home. Sit down with your real estate broker before searching for a home and creating a need/want list.

4. Not researching your neighborhood
You may be living in your dream home, but your neighborhood's a nightmare. You should ask yourself a number of questions during your home search, such as "Are there good schools nearby?" and "Do I feel safe coming home at night?"