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Whether it’s getting a full scope of your home’s value in the current market or marketing your home effectively to generate the maximum level of interest – you need to make sure you’ve got a professional by your side to ensure you get the highest return on your invesment.

6 mistakes to avoid as a first-time home buyer

  • not getting pre-approved
Many first-time buyers make the mistake of thinking that they don’t need to get approved for a mortgage until they’ve found their dream home. Unfortunately, that often ends up being too late.
  • Borrowing the maximum
Many buyers mistakenly believe that the figure they’re given on their pre-approval letter should serve as their target sale price. However, make sure that this move won’t leave you feeling “house poor.”
  • Overestimating your abilities
Sometimes buyers are willing to take on repairs in exchange for for a low sale price. In many of these scenarios is that they end up finding that these properties were steals for a reason.
  • Skipping the fine print
Many first-time buyers make the mistake of thinking that they don’t need to get approved for a mortgage until they’ve found their dream home. Unfortunately, that often ends up being too late.
  • Bypassing inspections
Conventional wisdom states that skipping your inspections will put you in a better bargaining position. While this is true, the reality is inspections are for the buyer’s benefit.
  • Forgetting closing costs
Your closing costs will be paid at settlement. They will include any fees needed to facilitate the transaction such as deed-recording fees, title insurance, and appraisal costs.

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