I Am Interesed In Buying A Home
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AVOID THE TOP TEN LARGEST BUYING MISTAKES!
Please feel free to call me or email me with any questions. I am at your service.
Kathy Foch
Using this page you can subscribe to receive our valuable newsletters by providing your name and email address below.
Here is an example of one such newsletter:
AVOID THE TOP TEN LARGEST BUYING MISTAKES!
Serious about buying a home? Before you sign anything, read about these common mistakes that home buyers make:
| #1 | Searching without an Action Plan to Buy |
Buying a home is ranked as one of the biggest personal investments one can make. Being organized and in control will contribute significantly to getting the best possible terms and conditions with the least amount of stress. Before you can create a plan of action, meet with your Agent to lay the groundwork for your decision making process. | |
| #2 | Failing to get financially pre-approved and securing an interest rate |
It’s important to get pre-approved before you begin your home search. An interest rate guarantee protects you in times of rising rates, and ensures that your initial projected payments do not suddenly escalate, resulting in additional interest charges. | |
| #3 | Selecting the wrong location |
Whether it's your first purchase, moving-up, sizing down or relocating you need to determine where you want to live and the best location that meets your lifestyle and that of your family, should you have one or be planning for one. The most important aspect of buying real estate is still Location, Location, Location! I can help you with your criteria and selection process for the best location. Here are some factors to consider:
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| #4 | Not knowing the neighborhood |
I have an in-depth knowledge of the various neighborhoods in your desired area that match your family’s lifestyle. Searching for the right neighborhood is a first step in the home buying process. | |
| #5 | Failing to obtain a Comparative Market Analysis before offering |
Before making an offer to purchase that special home, you must have an accurate idea of market value to ensure you do not overpay. I can prepare a Comparative Market Analysis (CMA) showing competitive properties, what similar homes have recently sold for and the recent price trends. This is the same type of report the seller receives when deciding on an asking price. Isn’t it important for you to have access to the same information as the seller? | |
| #6 | Failing to use effective negotiating skills and strategies |
Many buyers think that the best way to achieve a fair purchase price is by offering low. This is the strategy of a buyer who is not in possession of all the facts essential to negotiating the best possible deal. Creative negotiating usually means a better deal with minimum hassles. A proper balance between terms, conditions and price proposal when presented to the seller can maximize the likelihood of acquiring the chosen property. | |
| #7 | Missing the great deal |
Don't miss the best deal available in the marketplace today! If you find the perfect home that meets the majority of your needs, don’t hesitate. What is available today may not be tomorrow. If you follow your action plan you can make a secure decision and a reasonable offer. | |
| #8 | Failing to have the home inspected by a competent home inspector |
Making an offer on a home is usually made after spending an hour or so of viewing the property, and generally after months of searching and familiarization with the price range of home you are considering . Isn't it worth ensuring you will not be surprised later with deficiencies costing thousands? I can recommend several reputable home inspectors that can provide a thorough review of the property with comments on condition, potential deficiencies and anticipated lifespan of various components. | |
| #9 | Buying a Home without a Warranty |
After you have made your down payment, covered your closing costs, paid for your move and all the incidental expenses associated with a new home, the last thing you need is a costly repair. Consider buying a warranty to hedge against unexpected costs. | |
| #10 | Searching and Buying without an Agent |
Agents are committed to using the experience gained through hundreds of successful negotiations. Many times, buyers avoid using the services of an Agent under the mistaken belief that it costs them more money - or that they can negotiate a better deal directly with the seller. Not entirely correct! You need a professional looking out for your best interests. Considering the importance of your home purchase, do-it-yourself can be an expensive mistake. Agents have access to more information and valuable expertise to help you get the best possible deal. Use it to your advantage. |
Please feel free to call me or email me with any questions. I am at your service.
Kathy Foch
Sales Representative
(905) 476-HOME (4663)
1-877-356-7034
KeswickRealEstate.CA
Keswick's Real Estate Centre
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