Your Dallas Fort Worth, Texas home inspection company, Inspect360, is pleased to share with you three deadly mistakes every home buyer should avoid.
Deadly Mistake #1: Thinking You Can’t Afford It.
Many people who thought that buying the home they wanted was simply out of their reach are now enjoying a new lifestyle in their very own homes.
Buying a home is the smartest financial decision you will ever make. In fact, most homeowners would be broke at retirement if it wasn’t for one saving grace — the equity in their homes. Furthermore, tax allowances favor home ownership.
Real estate values have always risen steadily. Of course, there are peaks and valleys, but the long-term trend is a consistent increase. This means that every month when you make a mortgage payment, the amount that you owe on the home goes down and the value typically increases. This “owe less, worth more” situation is called equity build-up and is the reason you can’t afford not to buy.
Even if you have little money for a down payment or credit problems, chances are that you can still buy that new home. It just comes down to knowing the right strategies, and working with the right people. See below.
Deadly Mistake #2: Not Hiring A Buyer’s Agent To Represent You.
Buying property is a complex and stressful task. In fact, it is often the biggest, single investment you will make in your lifetime. At the same time, real estate transactions have become increasingly complicated. New technology, laws, procedures, and competition from other buyers require buyer agents to perform at an ever-increasing level of competence and professionalism. In addition, making the wrong decisions can end up costing you thousands of dollars. It doesn’t have to be this way!
Work with a buyer’s agent who has a keen understanding of the real estate business and the local market. A buyer’s agent has a fiduciary duty to you. That means that he or she is loyal only to you and is obligated to look out for your best interests. A buyer’s agent can help you find the best home, the best lender, and the best home inspector in your area.
Trying to buy a home without an agent or a qualified inspector is, well… unthinkable.
Deadly Mistake #3: Getting A Cheap Inspection.
Buying a home is probably the most expensive purchase you will ever make. This is no time to shop for a cheap inspection. The cost of a home inspection is small relative to the value of the home being inspected. The additional cost of hiring a home inspector is almost insignificant by comparison. As a home buyer, you have recently been crunching the numbers, negotiating offers, adding up closing costs, shopping for mortgages, and trying to get the best deals. Don’t stop now! Don’t let your real estate agent, a “patty-cake” inspector, or anyone else talk you into skimping here.
Get yourself a professional, home inspector today!
At Inspect 360, we know that your home is a major investment. With us, you’ll get a quality home inspection for your new purchase to ensure you won’t come across any unexpected surprises down the road. If you are in the market for a home inspection, discover what we inspect, how we inspect, and what you can expect from us. If you would like to know more, please contact us for a personal consultation.
All our home inspections are designed with the buyer in mind. We do not work for realtors or builders, nor are we influenced by their demands. We also do not allow any type of shady entangling alliances with questionable third parties. We do not take kickbacks from anyone….We work for YOU!
To Get The Most Comprehensive Home Inspection In the Dallas Area, Give Us A Call Today (972) 652-0360 or Click Here To Schedule Online Now!
You can view last weeks post here.